British media reports indicate that Prince Andrew has received a payment of approximately £302,000 following the termination of his lease at Royal Lodge. The settlement was finalized in September 2024, when the former royal handed over the Kensington Palace residence to his brother, King Charles III.
The property, located within the grounds of Windsor Castle, is currently being refurbished to serve as the official home for King Charles and Queen Camilla, according to the BBC. The financial arrangement compensates Andrew for vacating the estate, which the Crown had occupied previously.
The disclosure was made public through leaked documents released by the Royal Family Archive and Research project. These files include the specific figures regarding the lease surrender, shedding light on the financial transactions between the monarch and members of the extended royal family.
Andrew, the second son of the late Queen Elizabeth II, stepped back from public duties several years ago amid controversy surrounding his association with convicted sex offender Jeffrey Epstein. The payment marks one of the latest details to emerge regarding the financial arrangements within the British monarchy since the accession of Charles III.
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