Ha.
Hahahahahahahaha. Thought that'd would get your attention.
Billary released their income tax information, including 2007's, to the public. Since both of them are published authors, I was curious about their book income deets.
Hilary made $10,457,083 for two books: Senator Clinton's book income is comprised of earnings for Living History ($10,267,895), including an $8,000,000 advance, and It Takes a Village ($189,188).
President Clinton's book income is comprised of earnings for My Life ($23,280,525), including a $15,000,000 advance, and Giving ($6,300,000).
For those unfamiliar with terms, advance means money that's paid out immediately (or sometimes divided in stages of a book, but I doubt this is so with Billary) after signing the book contract. Just so you can make a comparison, most authors' advances fall between the $5000 to $10000 area. Then, they have to wait till the books earn out their advances before they see any royalties. Most authors have a printrun of 20,000-30,000, so with, let's say, a $5000 advance, said author will have to sell 10,000 books before she sees any kind of income. Let's just say that it is very hard to earn out an advance that is really high...like, let's say, $8,000,000. Heh heh. Doing some Saturday morning quick math, and without math genius RB around, Hilary's book sold, oh, about 2 million copies (2,000,000).
Sigh. I'm not greedy. I'd be happy at 500,000 copies. At 50 cents royalty per book, I can forget about roofing for a while, yes? And not scrounge around to make sure all the bills are paid before buying that air ticket to Pittsburgh, yes? (The ticket, btw, was so ridiculously priced, I had to get it. It's CHEAPER to fly than to drive there, can you believe it?)
Well, there you have it. There are no starving artists among the elite, not with an $8 million advance...heck, I could take off a whole year to write a book then, huh? ;-)
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Saturday, April 05, 2008
My Book Numbers VS Hilary Clinton's
Posted by Gennita at 7:34 AM
Labels: book business, book talk, taxes
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6 comments:
Jenn I wish you could take a year off and do nothing but write. It would be every one dream on Yahoo group get a book every 4 months. I hope that one day you will be able to make millions just from your books.
If you took a whole year, imagine all the mischief that Number Nine would cause in your life. You could even write Heath baby's biography and title it "Sticks and Stones may Break my Bones but Whips and Chains Excite Me" I'll buy the first copy.
LadyZannah I would so buy the second copy of Health biography. I think I would like to have one about Flyboy as well. That body just looks so yummy.
Gulp. $8,000,000? Obviously I'm doing something wrong in this life....sigh.
Wow... that's not too shabby huh. But like Sara said, I would love it too if you just wrote wrote wrote...all year long. :D
Sara, Four books a year? Gulp.
Lady Zannah, Now why am I not surprised that you want to know Number Eight's biography? :-P
Leslie, You and me both.
Hazel, Don't you want me to travel a bit? I mean, with $8 million dollars, I can come visit you all in every state! And country....
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