The sight of Princess Beatrice dancing on tables at a birthday party in Rome last week, and then appearing with Princess Eugenie at the wedding of Peter Phillips, suggests that it’s business as usual for the York daughters.
This is despite last week’s National Audit Office report, which revealed that Queen Elizabeth II and now the King have long been covering a subsidised rent for Beatrice’s four-bedroomed apartment at St James’s Palace and Eugenie’s three-bedroom Ivy Cottage in the grounds of Kensington Palace.
King Charles’s attitude to the two women over recent months has oscillated frantically. Last year, after their father, Andrew Mountbatten-Windsor, was stripped of his royal titles, Eugenie and Beatrice joined the Royal Family at Sandringham on Christmas morning – but last month, did not attend Ascot, following a Palace decision. It shows he does not yet know what to do with his two nieces. The narrative has so far been that they should not be blamed for the sins of their parents, but is this fair, and is the new royal stance wise?
Beatrice, 37, and Eugenie, 36, have their royal residences despite having always been non-working royals – and the fact they have their own expensive homes. Unlike other non-working royals, they are also married to wealthy husbands.
Beatrice has a farmhouse near Blenheim Palace in the Cotswolds, bought for £3.5m in 2021, which has since been remodelled by her husband, the interior designer Edo Mapelli Mozzi. When not in London, the couple live there with their daughters, four-year-old Sienna, 18-month-old Athena and sometimes Edo’s 10-year-old son, Christopher Woolf, from a previous relationship.
The house has six bedrooms, a party barn, a pool, tennis courts and a guest house; neighbours include Edo’s parents, Beatrice’s cousin Zara Phillips and the Beckhams.
Unlike other non-working royals, they are also married to wealthy husbands. Eugenie, left, walks with her husband Christopher Woolf. Beatrice, right, captured with her husband Edo Mapelli Mozzi. (Photo: Max Mumby/Getty Images)Eugenie lives with her husband Jack Brooksbank, and her two sons; five-year-old August and three-year-old Ernest, with a third child due this summer. The family live a villa along the Alentejan coastal strip in Portugal where properties start at £3.6m and the neighbours include Christian Louboutin. Brooksbank is a marketing executive working for Discovery Land Company – he runs a 300-home development at the CostaTerra Golf and Ocean Club. Prince Harry and Meghan, Duchess of Sussex, known to remain close to their cousin, ‘Euge’, reportedly have a home there too.
The revelation that the sisters are living rent-free in royal residences is only the latest example of their benefiting financially from their disgraced parents’ arrangements.
As I detail in my book Entitled: The Rise and Fall of the House of York, there is plenty of evidence that the two daughters have been involved with Andrew and Sarah Ferguson’s monetising of royal status. At huge cost to the taxpayer (not least because of the extra security costs), both accompanied Andrew as he crossed the world on private jets as special representative for trade and investment between 2001 and 2011.
The Epstein files revealed that the former prince negotiated with Jonathan Rowland, one of his business associates, a £300,000 payment for introducing business to his family, of which £50,000 was to be paid to each of the daughters.
A 2022 High Court case, in which a Turkish millionaire, Nebahat Isbilen, sued a former Goldman Sachs banker, Selman Turk, for £38m of expropriated assets, revealed that in November 2019, £750,000 had been paid into Andrew’s personal bank account at Coutts (since repaid). His office explained it as “a gift for the cost of the wedding or a gift to Princess Beatrice…I’m not sure it makes much difference”. Beatrice’s low-key wedding with 20 guests took place some seven months later.
The court was told Eugenie received payments, including £10,000, under the reference “TK008”. In a statement, Eugenie said she did not know Turk nor Isbilen, and understood two payments made to her bank account to be “gifts from a long-standing family friend to assist with the cost of a surprise party for my mother, Sarah, Duchess of York’s 60th birthday”.
The two sisters have their own lucrative careers, and both frequently attend conferences in the Middle East (Photo: Ben Birchall/PA Wire)The pair have their own successful and lucrative careers. Beatrice handles client relations for Afiniti, a multinational data and software firm specialising in AI-driven customer experience solutions, and Eugenie is an associate director also dealing with client relations at the art dealer Hauser & Wirth.
But their business activities have come under increased scrutiny, especially those in the Middle East, where they have been presented as “cultural ambassadors” for Britain. In April 2024, Beatrice travelled to Riyadh for an event to discuss “global challenges and opportunities”. Six months later, she was back for that year’s Future Investment Initiative – Davos in the Desert. She attended the opening of First Abu Dhabi Bank’s Mayfair branch in August 2025, followed a few weeks later by the Adipec energy conference in Abu Dhabi, organised under the patronage of Mohamed bin Zayed Al Nahyan, the President of the UAE.
In 2022, Beatrice set up BY-EQ (Beatrice York-Emotional Quotient), a company in which she has significant control and which describes itself on its website as a “mission-led advisory firm working with technology and market-leading companies to maximise the positive impact they can have”. According to accounts at Companies House, within two years it was recording profits of almost £500,000, though how that income was generated remains unclear.
Eugenie continues to attend cultural events in the region, including art exhibitions in Qatar.
Jennifer Gnana, the Gulf correspondent for Al-Monitor, told The Times in 2024: “Along with her sister Eugenie, Beatrice is now a regular at Saudi economic and investment conferences. She’s become a culture ambassador of sorts for the UK in the Middle East.”
But more recently, Eugenie has had to step down from the Anti-Slavery Collective, the charity she founded with friend Julia de Boinville in 2017 to raise awareness of modern slavery and sex trafficking. Its inaugural “Force for Freedom” gala in November 2023, at which dinner guests were entertained by Ed Sheeran, raised £1m, yet several years later £650,000 remained on deposit. Accounts to April 2025 showed staff salaries of £191,537, almost double the expenditure on charitable programmes of £97,206. In March 2026, the Charity Commission confirmed it was “assessing concerns” about charitable spending at the charity.
Both women have supposedly refused requests by the King and Prince William for an audit of their finances. One has to ask: why? One also has to ask why Charles sent out such mixed signals about their relationship to the Royal Family when questions remain about their involvement in their parents’ nefarious activities. Many suspect that the price of Andrew Mountbatten-Windsor giving up his iron-clad lease at Royal Lodge and falling on his sword was an undertaking that his two daughters would be taken care of.
It’s an issue on which William has very different views. He is keen to introduce a new era of transparency for the royals when it comes to property and money. Whatever his personal feelings about the two women, he can see the reputational damage to the monarchy of any association with the York family and that the governance vacuum around non-working royals is a vulnerability.
This is one reason it is time for a Royal Register, along the lines of the MPs’ register of interests, to be introduced. The argument runs that if members of the Royal Family have nothing to hide, they have nothing to fear, and it would go some way to restoring the respect and trust that the monarchy requires if it is to survive. Critics also believe that the two women should give up the titles – so useful to their careers – and remove themselves from public life, but that seems unlikely.
For the moment, it appears the King feels he can sit out the crisis in the hope no further damaging revelations about the two women emerge – just as he refuses to answer the hecklers who ask what he knew about Andrew’s abuse of his role as special representative and what was known about his relationship with Jeffrey Epstein and when. It is a risky strategy that will define the King’s legacy.
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