Prince Andrew, once a prominent member of the British royal family, is now facing scrutiny over his finances and lifestyle. Despite not holding a paid job for significant periods, he has maintained a lavish lifestyle that includes a luxury chalet in the Swiss Alps, first-class travel, and a fleet of expensive cars. Questions have long surrounded how he funds this lifestyle, especially after being stripped of his royal titles and evicted from the Royal Lodge.

Andrew's only publicly acknowledged income is a pension from his naval service, reportedly around £20,000 annually. Author Andrew Lownie, who wrote an unauthorized biography titled "Entitled: The Rise and Fall of the House of York," noted that Andrew's extravagant spending raises eyebrows. He owns a collection of luxury cars, including a Bentley, and expensive watches, such as a Patek Philippe valued at nearly £150,000.

Lownie stated, "It remains a mystery how Andrew has been able to afford such an extravagant lifestyle without any sources of income beyond his naval pension." Previously, Andrew earned a salary for his royal engagements, estimated at £249,000 per year, but this information has not been disclosed since 2010 due to changes in how the monarchy's funding is reported.

After stepping down as a full-time royal in 2019, Andrew reportedly received financial support from Queen Elizabeth II. Lownie speculated that Andrew may have inherited a substantial trust from his grandmother, the Queen Mother.

In 2014, Andrew and his ex-wife, Sarah Ferguson, purchased a chalet in Verbier, Switzerland, for £14 million. They sold the property in 2022 for £19 million, leading to speculation that the sale was partly to fund a settlement with Virginia Giuffre, who accused Andrew of sexual assault when she was a minor. Andrew has denied these allegations but settled with Giuffre for an estimated £12 million.

Andrew's living situation has also come under scrutiny. He has a lease on the Royal Lodge, a 30-room mansion in Windsor, for which he pays a nominal rent of "one peppercorn per annum". He agreed to pay £7.5 million for renovations and a £1 million upfront payment for the 75-year lease. However, with King Charles reportedly cutting off Andrew's financial support, questions arise about how he will maintain the property and cover its high running costs.

In the past, Andrew served as a trade envoy, a role that did not provide a salary but covered travel expenses paid by taxpayers. His lavish travel habits, including staying in luxury hotels and traveling with large entourages, drew criticism. He stepped down from this role in 2011 amid controversy over his connections to Jeffrey Epstein.

As calls for transparency regarding Andrew's finances grow, he has been formally notified to vacate the Royal Lodge. Reports indicate he will move to the Sandringham Estate, funded privately by King Charles. This marks a significant shift in Andrew's status, as he will now be known as Andrew Mountbatten Windsor, a departure from his previous royal title.