Andrew set for unexpected financial gain after losing royal titles | Royal | News

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“He has simply said he won’t use any of the titles, but he retains them all. In truth, his earning capacity overseas is unlikely to be affected. Exact titles don’t matter – being the Queen’s son and the King’s brother are enough kudos.”

In his statement, released on October 17, Andrew shared that the decision to relinquish his titles and honours came after “continued accusations” about him “distract from the work” of the Royal Family.

He wrote: “I have decided, as I always have, to put my duty to my family and country first. I stand by my decision five years ago to stand back from public life.

“With His Majesty’s agreement, we feel I must now go a step further. I will therefore no longer use my title or the honours which have been conferred upon me. As I have said previously, I vigorously deny the accusations against me.”

Despite speculation, Andrew will likely remain at his 30-room mansion, Royal Lodge. The royal has lived in the home since 2003, with a 75-year lease on the property meaning that he could stay at the property until 2078.

His ex-wife Sarah Ferguson, who lives with him, will also no longer be known as the Duchess of York.

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