After pleading poverty Fergie purchases a $5 million Mayfair mansion:

The Duchess of York, who previously said she was “constantly on the edge of financial bankruptcy” and had “no comprehension” of money, has purchased a £5 million luxury home in the center of Mayfair, London’s most affluent neighborhood.


According to reports, Sarah Ferguson, 62, bought the charming terrace from her friend, the Duke of Westminster, 31, who in 2016 inherited his father’s $10 billion fortune and the Grosvenor real estate company to become one of the richest people in Britain. He is also close friends with Princes Harry and William.

Although Fergie’s daughters Beatrice and Eugenie reportedly consider the $5 million Mayfair house as a potential investment, it is currently her lone residence in London amid speculation about how she came by the money.

After pleading poverty Fergie purchases a $5 million Mayfair mansion
After pleading poverty Fergie purchases a $5 million Mayfair mansion

The Duchess now owns the former two-flat building that was originally a part of the vast Grosvenor Estates portfolio. The Duchess currently resides with her ex-husband at the Royal Lodge in Windsor, which is his residence of grace and favor.

Her recent home purchase happened despite her recurrent concerns about having money problems. In a US TV interview from 2010, she said she was “constantly on the point of financial catastrophe.” She acknowledged that she understood money just “weakly.”

Her novels are probably where she makes the most of her money. Despite being called a “slog” with no sex by critics, her first bodice-ripper managed to sneak onto the bestseller lists last year. Although the book’s detractors called it “boring,” it initially sold 1,000 copies a week after its debut.

A representative for her ex-husband Prince Andrew, who has struggled financially since agreeing to a £12 million settlement in Virginia Roberts Giuffre’s lawsuit, claimed he was not personally involved in the transaction. Legal issues have prevented the Duke and Duchess of York from selling their $17.5 million ski house in Verbier.

For a response, MailOnline has reached out to Buckingham Palace.

According to reports, Sarah Ferguson, 62, who is seen here with her ex-husband Prince Andrew in 2019, bought the house from her friend the Duke of Westminster, 31, who rose to national prominence after inheriting his father’s £10 billion fortune in 2016.

According to the Sun, The Duke of Westminster (pictured), 31, is thought to have sold Sarah Ferguson a $5 million Mayfair home.

The new Mayfair residence, according to a source, is “picturesque” and located in “one of the most smartest locations of London” (Stock image of Mayfair in central London)

 

The Queen, 96, who dwells in the neighboring castle, owns the Royal Lodge in Windsor, where Fergie and Andrew temporarily call home.

According to sources who spoke to the Sun, the new Mayfair residence is considered to be “a long-term investment for daughters Princess Beatrice and Eugenie” and is in “one of the very smartest sections of London.”

“It had been converted from being a couple of flats to a single residence,” they continued.

“The girls are extraordinarily blessed if they are going to inherit it at some point.”

 

The best restaurants and bars in the city, as well as lovely parks and other hotspots, are only a short stroll away. But everyone believed they were completely penniless; only God knows where the money came from.

The purchase was verified by Fergie’s agents to the Sun, but they were unable to provide any other information about the sale, which has not yet been made public by Land Registry officials.

The couple’s real estate dealings have previously drawn criticism.

MPs demanded a “dirty money” investigation in January into the £15 million sale of Prince Andrew’s Sunninghill estate to a Kazakh oligarch who was the subject of allegations of wrongdoing.

 

The Duke, 61, sold the Ascot, Berkshire, residence to Timur Kulibayev, 55, the despotic ex-president of Kazakhstan’s Nursultan Nazarbayev’s son-in-law.

But ever since the home, which the Queen had initially given to Andrew when he married Sarah Ferguson, sold for £15 million, $3 million more than it had been listed for, there have been doubts about the sale.

This is true even though the house, which was mockingly dubbed “SouthYork” because of its alleged resemblance to the garish ranch of SouthFork in the American television series Dallas, has been sitting on the market for 5 years with a £12 million asking price.

Then, Sunninghill House, which Prince Andrew sold in 2007, was located close to Ascot on the border of Windsor Great Park.

 

In order to construct a new house, Kulibayev demolished Sunninghill Park in 2015, which had been compared to a Tesco superstore because of its unsightly appearance. Images from the previous year showed how the expansive, ultra-modern replacement for the house was almost finished.

Andrew was once a special trade envoy for the UK and has consistently denied any misconduct.

Additionally, he is close friends with Kulibayev’s business partner Nazarbayev and has been charged with acting as a fixer in those transactions.

Due to an alleged debt of £1.6 million to a Swiss couple, Andrew is also finding it difficult to sell his £18 million ski chalet in Verbier, Switzerland.

 

The debt owed to the unidentified couple, according to stories in the Swiss media, is keeping the Duke of York from selling his beloved Chalet Helora.

According to rumors, the disgraced prince planned to use the proceeds from the sale of the home to help pay for the £10 million settlement he reached with accuser Virginia Giuffre in his sex assault lawsuit.

After paying off a separate £6.6 million debt to 74-year-old French aristocrat Isabelle de Rouvre, who was the seller of the property when Andrew bought it from her in 2014, it was announced in February of this year that Andrew had found a buyer for the chalet.

But because the chalet is ‘under sequestration’ as a result of the supposed debt, the procedure seems to have come to a standstill. According to the newspaper Le Temps, the chalet was declared to be a frozen asset by Swiss authorities on December 15, 2020.

 

The Verbier chalet features a swimming pool indoors, a sauna, a boot room, and a terrace with breathtaking views.

According to sources close to Prince Andrew, the property will still be sold despite the disagreement, and the Duke “did not deny owing the money” to the couple, but he was “questioning the amount.”

The insider claimed: “This is an entirely distinct commercial deal between the couple and the Duke and has nothing to do with the initial purchase of the chalet.

Despite what the Swiss media claims, the sale of the property should go as scheduled and shouldn’t be impacted.

 

“Discussions to resolve the issue are under way; they are anticipated to result in a satisfactory resolution for all parties.”

While Prince Andrew hasn’t visited the Verbier chalet in a while, his ex-wife Sarah and daughters Beatrice and Eugenie spent the holiday season there with their families.

Following claims regarding his relationship with the disgraced sex abuser Jeffrey Epstein, he resigned as a senior royal in May 2020.

The Duke of York was accused of rape and other sexual offenses by Virginia Guiffre, an Epstein victim, in a high-profile court case that was resolved outside of court in March of this year.

 

The overall settlement, which is estimated to be around £12 million, covers Ms. Guiffre’s legal fees as well as an undisclosed sum that will go to a charity of her choice.

He adamantly refutes the allegations and did not accept any liability when he reached the deal.


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