According to reports, the late Queen Elizabeth II's son, Prince Andrew, has been left feeling miffed at the news that he has not received a single penny of his mother's fortune.
Queen Elizabeth is believed to have left an estate worth approximately 782 million dollars solely to her son, King Charles.
King Charles' inheritance from his mother will not be taxed due to the fact that money exchanged from "monarch to monarch" is exempt from taxation.
Charles' siblings - Prince Edward, 59, Andrew, 63, and Princess Anne, 72 - therefore, will not see any of the fortune land into their pockets.
The disgraced Andrew is no longer a working royal after the Queen stripped him of his military and royal titles following his involvement in the Jeffrey Epstein case.
"He's in despair. He's a member of the family, for God's sake," a friend told The Sun.
"What's he meant to do? Go cap in hand to his older brother to keep a roof over his head?"
The Sun has reported that the news of his "bewilderment" has come just a day after his brother and King of the United Kingdom, Charles, refused to sign off on Andrew's 38,000 dollar bill for a live-in Indian guru.
Queen Elizabeth is believed to have left an estate worth approximately 782 million dollars solely to her son, King Charles. King Charles' inheritance from his mother will not be taxed due to the fact that money exchanged from "monarch to monarch" is exempt from taxation.
Queen Elizabeth stripped Prince Andrew of his royal and military titles in January 2022. In the midst of Giuffre's sexual assault lawsuit against Prince Andrew, Buckingham Palace revealed that Andrew would no longer hold any royal or military titles.
A full life lived, the beloved Queen Mother left a large chunk of her fortune to be split between her great-grandchildren, including Prince William and Prince Harry—but thanks to some foresight on her part, Harry got significantly more of an inheritance payout than his older brother for one key reason.
Financial woes further exacerbate the prince's predicament, with his annual allowance ($314,000) reportedly halted following his involvement in the Jeffrey Epstein scandal.
PUBLISHED: March 17, 2023 at 12:13 p.m. | UPDATED: March 18, 2023 at 6:40 a.m. Prince Andrew's friends were busy last weekend whispering to the U.K. media about how he's been left “bewildered” and in “despair” because he has not received any inheritance from Queen Elizabeth II.
King Charles' inheritance from his mother will not be taxed due to the fact that money exchanged from "monarch to monarch" is exempt from taxation. Charles' siblings - Prince Edward, 59, Andrew, 63, and Princess Anne, 72 - therefore, will not see any of the fortune land into their pockets.
As for why the Queen left Meghan out of her inheritance, Radar Online's source speculated that it could be due to either “practicality” or Harry and Meghan's drama with the British royal family in the years leading up to the Queen's death.
It's reported that Prince Harry inherited more money than his brother from their late mother, Princess Diana, totaling over $26.7 million. This was made possible through Princess Diana's initial bequest of just under $17.3 million, which was later increased through wise investments by royal advisors.
She hasn't 'seized control ' - she is one of the trustees of the trust set up by Queen Elizabeth, The Queen Mother - doubtless there are more than just her. It is a trustees responsibility to administer the trust according to it's terms.
Look no further: Prince William's multi-million dollar salary has just been revealed. According to the Duchy of Cornwall estate's 2023 annual report, Prince William received a private income of nearly £6 million this year—which converts to more than $7.5 million.
In 2022, Andrew paid Virginia Giuffre an estimated $15.1 million (£12m) to settle accusations of sexual assault, though the late Queen is said to have covered part of the payment.
Andrew lost his HRH and his honorary appointments and is no longer -a working Royal. He is still the brother of the King, the Princess Royal and the Duke of Edinburgh, the father of Princesses Beatrice and Eugenie and eighth in line to the throne.
Deprived of the Dukedom of Sussex, the couple would become more elevated still, as they would revert to being Prince Harry and Princess Harry, titles that can never be removed, as they are part of the Prince's inalienable birthright, and a prince always trumps a duke, due in part to the scarcity of such handles.
Prince Harry, Duke of Sussex, (Henry Charles Albert David; born 15 September 1984) is a member of the British royal family. As the younger son of King Charles III and Diana, Princess of Wales, he is fifth in the line of succession to the British throne.
Andrew denied any wrongdoing. Following criticism for his association with Epstein and Ghislaine Maxwell, Andrew resigned from public roles in May 2020, and his honorary military affiliations and royal charitable patronages were removed by the Queen in January 2022.
Andrew stepped back from his duties as a working member of the Royal family in 2020 following his ill-fated BBC Newsnight interview where he discussed his ties to convicted sex offender Jeffrey Epstein.
At the time, a Buckingham Palace spokesperson would only say that the Queen was "aware" of the interview, but not that she approved it. In her book Scoops, Sam McAlister writes, "I could barely believe the Palace would let it go ahead.
8. The Duke of York. Prince Andrew, eighth in line to the throne, was the third child of Elizabeth II and Prince Philip - but the first to be born to a reigning monarch for 103 years. He was created the Duke of York on his marriage to Sarah Ferguson, who became duch*ess of York, in 1986.
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