Duchess of York’s $8.7 million change of fortune – Michmutters

Duchess of York’s $8.7 million change of fortune

The Duchess of York is the new owner of a £5 million ($8.7 million) terrace in one of London’s best suburbs.

Sarah Ferguson – now a busy author – has purchased the property in Mayfair after a change of fortune.

The address is in the Grosvenor Estate and was owned by the Duke of Westminster, who is a close friend of the Royal Family and godfather to the future King, Prince George, according to The Sun.

The British newspaper confirmed the property, which was formerly apartments and is now a single luxury dwelling, has been transferred into Fergie’s name.

Her representatives confirmed the purchase to The Sun, which broke the story. No photos are available as it was not a publicly advertised listing.

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Sarah Ferguson and Princess Eugenie
The Duchess of York and her daughter Princess Eugenie. (Getty)
Historic mansions line the streets of Mayfair, London.

A spokeswoman for the Duke of York, Fergie’s former husband, told The Sun he was not a party in the transaction.

Fergie and Prince Andrew, both 62, still live together in a house in Windsor – when she is based in the UK – which is owned by the Queen and on a long-term lease to Andrew.

Their 1996 divorce – they share daughters Eugenie and Beatrice – has been regarded as amicable. Given the house they occupy has 30 bedrooms, there is a comfortable amount of space.

Mayfair is the most upscale area of ​​London, with fine restaurants and swish real estate, and the border nudges Buckingham Palace.

Fergie told US media in 2010 that she was “continually on the verge of financial bankruptcy.”

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Apartment above a chip shop
Mayfair is known for its high-end restaurant scene as much as its swish real estate.
Prince Andrew and Sarah Ferguson divorce
Prince Andrew and Sarah Ferguson attending the races. (UK Press via Getty Images)

However, she has signed major book deals in the last couple of years, including a contract for 22 titles with Australian publisher Serenity Press, and agreements with romance publisher Mills and Boon.

Prince Andrew is facing monumental legal costs after reaching a settlement over assault allegations brought in a civil suit by Virginia Giuffre.

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