Princess Beatrice and Eugenie's complex finances laid bare following Andrew's humiliation

The daughters of Prince Andrew are rarely at the centre of palace power plays, but Princess Beatrice and Princess Eugenie move in circles where private money, property and privilege overlap.

Between corporate paychecks, family trusts, "grace-and-favour" housing, and wealthy husbands, the sisters' financial picture is more complex than some might expect for members of the royal family. Just recently, their father, Prince Andrew, lost his Royal titles and will leave his Windsor mansion. Beatrice, 37, and Eugenie, 35, are the daughters of Andrew and Sarah Ferguson, commonly known as Fergie. The princesses are not working royals, but do occasionally undertake engagements. Public net-worth numbers for royals vary widely. Commonly reported figures range from the low millions for each sister, up to higher estimates when combining potential trust payouts, "grace-and-favour" housing value and spouses' assets. Here, we examine their finances and the sources of their income.

Princess Eugenie has long been associated with Ivy Cottage, a standalone house on the grounds of Kensington Palace, which public records show has been used as a grace-and-favour residence by junior royals.

Ivy Cottage has been widely reported as Eugenie's London base in recent years. Meanwhile, Princess Beatrice and her husband, Edoardo Mapelli Mozzi, maintain a country base in the Cotswolds, as reported in property coverage, which includes a farmhouse purchase in 2021 valued in press reports at around £3 to £ 4million.

Beatrice has also previously been listed as a resident in apartments associated with St James's Palace. These grace-and-favour arrangements - where the Crown makes properties available to family members - significantly reduce living costs for younger royals.

Both princesses have pursued professional careers outside the Sovereign Grant, which means they receive salaries from private sector employers rather than a public royal wage.

Princess Beatrice has worked in technology and partnership roles, and is listed in public profiles and corporate filings as having held senior roles at commercial firms.

Princess Eugenie has a long association with the art world; she worked at Paddle8 and later joined Hauser & Wirth, serving as an associate director and then director in the contemporary art gallery world. Those gallery and director roles form the bulk of her earned income.

Exact salaries are not public, but gallery director and senior corporate partnership roles in London typically place annual pay into the low-to-mid six-figure range for senior positions - though the princesses' precise compensation packages are private.

Both women are married to men from prestigious backgrounds. Beatrice's husband, Edoardo Mapelli Mozzi, is a property developer and founder of Banda Property.

The company specialises in high-end residential development, which positions Edoardo as a private multi-millionaire, as measured by his public development portfolio.

Meanwhile, Jack Brooksbank, Eugenie's husband, has a different financial profile. He built a career in hospitality, brand ambassadorships and marketing, and later moved into property promotion and marketing roles.

Jack's earnings historically have been more modest than a high-flying developer's, though he benefits from private family wealth and other opportunities.

Direct cash inheritances for younger royals are a complicated mix of private trusts, historical family settlements and "grace-and-favour" property.

A long-standing trust was established by the late Queen Mother in the 1990s, intended to benefit her great-grandchildren. It was structured to make tax-efficient distributions at predetermined ages and to provide lump sums upon beneficiaries reaching maturity.

Historically, that trust has been reported as a source of payouts to great-grandchildren, although the public record does not publish individual payout details.

The princesses have been publicly noted as beneficiaries of various family trusts established over generations. These longstanding structures - and the indirect benefit of Crown or family housing arrangements - are among the most reliable, non-public forms of family wealth they can access.