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Will Prince Andrew get an allowance after being stripped of military, royal titles? The royal reportedly earned nearly $350,000 each year

More than two years after stepping back from his royal duties, Prince Andrew has been stripped of his royal and military titles.

The move comes as the 61-year-old royal continues to face scandal in the form of a sexual assault case after being accused of participating in sexual activity with a 17-year-old girl who was allegedly being trafficked by Jeffrey Epstein at the time.

With Andrew's controversy continuing to balloon, questions of finances are raised as many wonder whether he is currently or will continue to receive funding of any kind – specifically from U.K. taxpayers.

Like other immediate members of the royal family, Andrew has long received a chunk of change from his mother as payment for performing royal duties.

WHAT IS PRINCE ANDREW'S NET WORTH?

According to The Times of London, Andrew received an annual, tax-free payment of $323,000 (or about £236,189) from Queen Elizabeth II's private estate, the Duchy of Lancaster.

Additionally, the royal made a pension of $26,000 (or about £19,012) each year from the Royal Navy after 22 years of service, bringing his total annual income to $349,000 (or about £255,201).

PRINCE ANDREW STRIPPED OF MILITARY, ROYAL TITLES AMID SEXUAL ASSAULT CASE

The Palace is notoriously tight-lipped on such matters – officials did not immediately respond to FOX Business' request for comment – and have not revealed whether Andrew's scandal or change in titles has affected his income.

However, not long after Andrew stepped back from his royal duties, his nephew, Prince Harry, did the same, and announced that he and his wife Meghan Markle would work to become financially independent of the royal family.Harry and

It wasn't clear at the time whether Harry's father and heir-to-the-throne Prince...

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