Prince Andrew Profited from Subletting Cottages on Royal Estate, Audit Reveals
Andrew made money subletting cottages on his rent-free estate, report shows
The Sydney Morning HeraldImage: The Sydney Morning Herald
Former Prince Andrew earned income by subletting cottages on the royal estate where he lived rent-free for over 20 years, according to a National Audit Office report. His daughters, Princess Beatrice and Princess Eugenie, also reside in rent-controlled royal properties funded by King Charles.
- 01Andrew Mountbatten-Windsor lived rent-free at Royal Lodge near Windsor Castle, paying only a nominal fee since 2003.
- 02He sublet three cottages on the estate, but the report did not disclose how much income he generated.
- 03Princess Beatrice and Princess Eugenie live in properties with rents set at 50-68% of market value, funded by the Privy Purse.
- 04The audit was prompted by Andrew's eviction following his ties to Jeffrey Epstein and subsequent allegations of misconduct.
- 05Critics argue the royal family shows contempt for taxpayers by benefiting from subsidized housing and subletting arrangements.
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A recent report by the National Audit Office revealed that Andrew Mountbatten-Windsor, the former prince, made money by subletting three cottages on the Royal Lodge estate, where he lived rent-free for more than 20 years. The lease, signed in 2003, allowed him to pay only a nominal 'peppercorn rent' for the property, which includes a large mansion and several cottages. The report did not specify how much income he earned from these sublets, raising concerns among critics, including Labour's Margaret Hodge, who expressed shock at this omission. The audit was conducted following Andrew's eviction from Royal Lodge due to his connections with convicted sex offender Jeffrey Epstein. Meanwhile, his daughters, Princess Beatrice and Princess Eugenie, live in royal properties with rents subsidized by the Privy Purse, despite not being active royals. Critics have pointed out that these arrangements reflect a disregard for taxpayer interests. Buckingham Palace stated that the report aligns with their commitment to transparency regarding royal finances.
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The findings raise questions about the financial transparency of the royal family and their use of public funds.
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