King Charles averages 521 royal engagements per year, but Princess Anne does even more, according to a new report

• A new report from The Guardian shows how many engagements the two royals have held in the last 20 years.
• The analysis shows that King Charles averages seven fewer engagements than his sister each year.

Princess Anne earns less money than King Charles III despite carrying out more engagements than any other living royal, a new report shows.

The Guardian's "Cost of the Crown" series breaks down how much each working member of the royal family has earned from duties in the last two decades.

According to the report, Charles never received an official payment as a prince. His £612 million, equivalent to $761 million, came from the Duchy of Cornwall, a royal body worth more than $1.24 billion that gives funds to the male heir to the throne. From 2002 to 2022, he completed 10,934 engagements, according to the outlet, averaging 521 each year.

Charles' finances differ from those of his siblings, especially Princess Anne. The king's only sister carried out 11,088 engagements from 2002 to 2022, averaging 528 per year — more than any other living royal. Since she started receiving payments in the 1970s, she's been paid around $20 million.

Charles also pays for other working royals with the private income he receives from the Duchy of Lancaster, from which he'll receive another $25 million each year as king, according to The Guardian. He is also paid more than $107 million yearly in taxpayer money from the Sovereign Grant of His Majesty's Treasury to cover other expenses like travel and maintenance, per the outlet.

According to multiple reports, Charles is looking into "slimming down" his monarchy, which could cut costs and tighten the circle of royal family members around him.

According to The Guardian, Charles and Anne's younger brothers, Prince Andrew and Prince Edward earned about $16 million and $8 million, respectively. Edward took on an average of 351 appointments yearly, while Andrew averaged 436 from 2002 to 2019.

The outlet reports that Andrew stopped receiving payments for royal engagements after a 2019 interview with the BBC about his friendship with Jeffrey Epstein.

The Guardian's estimates were based on government reports and archives from the 1950s to 2010 when amounts paid to each royal were made private. From there, the outlet took the last known figures and used them as approximations for the following years.

Representatives for Buckingham Palace did not immediately respond to Insider's request for comment, but a spokesperson told The Guardian that the "private financial arrangements" of the royals should "remain private, as they do for any other individual."