Royals
Queen’s Financial Support in Spotlight as Prince Andrew Settles Sex Abuse Case
- Royal status of Queen’s son has been key to funding his life
- U.K. media reports say Andrew paid $16.3 million to accuser
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When financiers from Prince Andrew’s private bank lent him 1.5 million pounds ($2 million) in 2017, they were skeptical about the scandal-hit British royal’s ability to repay the money.
Fortunately for Andrew, the bankers were able to look past his own shaky finances and find someone else who might be good for the money: his mother. Or, as she is better known to the world, Queen Elizabeth II.