Prince Andrew has been among the controversial personalities recently due to the serious allegations against this member of the British Royal Family.

In January, Buckingham Palace announced Andrew was stripped of his military titles and charities after a US judge ruled a sexual abuse civil lawsuit against him could proceed. Meaning he can no longer use "His Royal Highness" in any official capacity, and this was approved by his mother, Queen Elizabeth II, according to reports.

One source in the palace, as per CNN, said that all of Andrew's roles "have been handed back to the Queen with immediate effect for redistribution to other members of the Royal Family." The source also mentioned that the roles "will not return to The Duke of York."

Andrew was born in Buckingham Palace, London, on February 19, 1960. In the British Royal Family, he is the second son and third child of Queen Elizabeth II and Prince Philip.

What is Prince Andrew Net Worth in 2022?

According to Distractify, Prince Andrew Net Worth in 2022 is $25 million.

The Duke of York reportedly gets a $27,130 monthly pension from the British Navy. Previous reports said The Queen was giving him a tax-free yearly "allowance" of $322,000.

Andrew is also known for living a lavish lifestyle. At one time, he was seen driving a brand new hybrid-electric Range Rover with personalized plates that were registered in the United Kingdom in December. In late 2020, one luxury Bently car was registered under his name. Combined, the two cars cost more than $271,000.

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Financial Trouble Looming

Virginia Giuffre accused Andrew of raping her when she was still a teenager two decades ago at the London residence of his friend Jeffrey Epstein, who was a known sex offender. But Andrew denied the allegations against him.

According to Bloomberg, Andrew faces legal fees in seven digits if Virginia Giuffre's sexual abuse suit goes to trial. The cost of settling is expected to be in excess of $5 million.

Given the personal fortune estimated by his private bank at $6.8 million in 2017, the legal battle will hurt Prince Andrew's wealth.

The Founder and Director of Legal Fee Analytics LLC in Chicago Jerome Struder, remarked that the kind of litigation that he faces is possible to get an extended time that can lead to a "significant amount of fees" depending on the length of the litigation period.

If Andrew loses the case, he would be penalized to cover fees for the emotional and mental damages and medical fees of Giuffre. If the court finds him guilty, he will also have to pay punitive damages for alleged unlawful acts.

Even if he successfully defends himself in court, he would still have to pay his lawyers.

If Andrew loses, he could have to cover damages for Giuffre's pain and suffering, including medical bills, as well as punitive damages for his alleged wrongful acts if the jury finds he did abuse her. Even if he wins, he will still have to cover his legal costs.

However, there is no confirmation yet if The Queen would be willing to pay for his legal costs.

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