Prince Andrew’s financial dealings have once again come under intense scrutiny as reports reveal a secret money trail linked to multimillionaire financier David Rowland. The sidelined Duke of York, who has faced mounting scandals, has maintained a lavish lifestyle despite being exiled from official royal duties.
Mystery Over Prince Andrew’s Finances
Amid growing frustration from King Charles over Andrew’s finances, new details have emerged about his ties to Rowland, the son of a scrap metal merchant who built an $800 million fortune. The relationship began after Andrew left the Royal Navy in 2001 and was appointed a government business special representative. Shortly after, he met Rowland, who was expanding his Luxembourg-based private bank, Banque Havilland, which catered to wealthy clients with limited banking options.
Rowland’s deep pockets have reportedly provided Andrew with financial support for years. The financier once paid half of Sarah Ferguson’s $100,000 debt to her PR consultant and was a guest at Princess Eugenie’s wedding. In 2017, Banque Havilland approved an unsecured $2 million loan to Andrew at an 8% interest rate, despite internal concerns that it did not align with the bank’s risk appetite. The loan was repaid in 2018 through Albany Reserves Ltd., a Guernsey-registered company controlled by the Rowland family.
Royal Family Tensions Over Money Scandals
King Charles is reportedly growing impatient with Andrew’s mysterious wealth, which has persisted despite his exile from royal life. The controversy surrounding his finances adds to the already strained relationship within the monarchy. Andrew, 65, has spent years maintaining offshore accounts, nominee arrangements, and business dealings that are difficult to trace, raising questions about the true extent of his financial network.
Adding to the controversy, Andrew’s financial dealings have been linked to trips he made while promoting British trade and investment. Reports indicate that during these official visits, he also pursued personal business opportunities, often acting as a middleman for lucrative deals.
Ties to Scandal-Plagued Figures
Andrew’s financial entanglements are further complicated by his past association with convicted sex offender Jeffrey Epstein. Reports indicate that he brought Epstein and Rowland along on some of his international business trips, sparking concerns over his judgment and connections.
In 2019, Andrew held a 40% stake in a British Virgin Islands firm tied to Rowland’s financial empire. Documents list him under the alias Andrew Inverness, highlighting the secrecy surrounding his business affairs.
Despite stepping away from public life, Andrew reportedly continues to conduct private business in the Middle East and Switzerland. Royal insiders fear that additional scandals could surface, further damaging the monarchy’s reputation.
As King Charles works to repair the royal family’s image, pressure is mounting for full transparency regarding Andrew’s wealth. His controversial financial dealings and past associations have left many questioning how long the monarchy can tolerate his presence within the royal fold.
Jaja has a degree in journalism and took classes in international law and business communication. Jaja’s career spans roles at prominent international media outlets, including Business Times and Brigada. As a news editor, she covered a wide range of beats, including business, economy, cryptocurrency, and personal finance. Additionally, she has successfully managed teams of writers producing content on gaming, technology, and entertainment.
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