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'Bewildered' Prince Andrew 'in despair' after being cut off from Queen's $782M fortune, claim sources

King Charles is said to be his mother's sole beneficiary, keeping in mind tax related benefits
Prince Andrew is dependent on his brother for financial support after being removed from the late Queen's multi-million dollar estate (Christopher Furlong/Getty Images)
Prince Andrew is dependent on his brother for financial support after being removed from the late Queen's multi-million dollar estate (Christopher Furlong/Getty Images)

LONDON, UNITED KINGDOM: Is there inheritance related-drama in the royal family? Sources say that disgraced Prince Andrew is not happy about apparently not receiving any money from his mother, the deceased Queen Elizabeth II. The current monarch, King Charles, is the sole beneficiary of his mother’s estate. This is said to be for tax reasons- In 1993, a decision was made so that when a monarch passes on assets to another monarch, there are no inheritance taxes to be levied on the transfer.

However, this also means that the King’s siblings- Princess Anne, Prince Andrew, and Prince Edward- did not receive any of the money. According to The Sun, the Duke of York is not pleased about how his brother has not shared any of the inheritance money. He is said to be "in despair" and "bewildered" about the move, which sees the USD 782 million worth of inheritance solely in the hands of the King. Reports state that while all of his siblings feel jilted at not receiving the money that they believe they are owed, there is "some resentment," particularly from Prince Andrew.


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‘Andrew is in despair’

“He’s in despair. He’s a member of the family, for God’s sake,” a friend of the royal had said. “What’s he meant to do? Go cap in hand to his older brother to keep a roof over his head?” The friend then went on to fume about Prince Andrew’s situation, stating, “He’s been left completely in the dark… he had no idea this was coming. I gather he’s checked it out and it’s true. It’s all gone ‘monarch to monarch.’” The pal also deemed that the whole situation is a “disaster” and whined about how “things are going bad to worse.”

Is Prince Andrew about to ‘do a Harry?’

News of the inheritance squabble comes soon after it was reported that the King had refused to pay a USD 38,500 bill for Andrew, who had availed the services of an Indian healer. The healer, a yogi, is said to live at the Royal Lodge, for up to a month at a time.

With the ousted prince having no income of his own and him being demoted from working status, he seems to be reliant on his brother for financial support. However, sources claim that it may not be the case for long. Daily Mail reports that the prince is considering taking part in a prime-time interview and "do a Harry," to make ends meet. This comes as the Sussexes had been asked to vacate Frogmore Cottage- which is rumored to be cleared out for Prince Andrew to live in as he gears up to be removed from his 30-room mansion at the Royal Lodge too.