Prince Andrew is reportedly yet to repay £12 million loaned to him by senior members of the Royal Family to fund his out-of-court settlement with Virginia Giuffre, according to new claims.
The late Queen Elizabeth II, Prince Philip and King Charles III are said to have contributed to the multi-million-pound sum that enabled Andrew to settle the civil case brought against him in the United States.
Reports suggest up to £7 million came from the late Queen, with around £3 million from Prince Philip’s estate following his death. The then Prince Charles is understood to have added approximately £1.5 million towards the 2022 settlement with Virginia Giuffre, one of the most prominent accusers linked to the Jeffrey Epstein scandal.
Giuffre alleged that Andrew assaulted her on three occasions when she was 17. She filed a lawsuit against him in 2021 in the US. Andrew has consistently denied the allegations but agreed to pay an undisclosed sum in an out-of-court settlement in 2022.
Giuffre was later found dead at her home in Australia on 25 April 2025.
According to reports, the £12 million settlement was arranged in the hope of drawing a line under the controversy ahead of the late Queen’s Platinum Jubilee in 2022. However, a source is quoted as saying: “Andrew’s not paid back a penny.”
It is claimed Andrew had intended to sell his Swiss ski chalet in Verbier to repay the loan. However, the sale reportedly yielded little return due to heavy mortgage debt secured against the property.
A source told the Sun: “As far as anyone knows he still has not repaid a single penny of the millions he borrowed.
“The money from the Royal Family bought her silence but denied Virginia her day in court and the chance to openly challenge his account of what happened.”
The same source claimed the late Queen was “heartbroken” by the scandal surrounding her son but “could not face banishing Andrew”.
The settlement, reportedly reached in March 2022, ensured Andrew would not face Giuffre in a US courtroom. Central to her allegations is a widely circulated photograph that appears to show Andrew with his arm around her at the London home of Ghislaine Maxwell, the former partner of Jeffrey Epstein.
Andrew has remained under scrutiny as further documents related to Epstein have been released. Material published by the US Department of Justice has included images that appear to show Andrew at Epstein’s New York property.
In the UK, Thames Valley Police confirmed it is assessing claims that Andrew shared confidential reports from his time as a UK trade envoy. Emails released in recent files appear to reference official visits to Hong Kong, Vietnam and Singapore.
Earlier this week, Buckingham Palace confirmed the King’s “profound concern” over the allegations and stated it would “stand ready to support” police if required.
The Prince and Princess of Wales also issued their first public response to the ongoing revelations. A Kensington Palace spokesperson said: “I can confirm that the Prince and Princess of Wales have been deeply concerned by the continued revelations. Their thoughts remain focused on the victims.”
Andrew has always denied any wrongdoing.
