Elizabeth Warren got a book advance of $730,350 last year, disclosure says

Elizabeth Warren got a book advance of $730,350 last year, disclosure says

  • Senator Elizabeth Warren reported a substantial pound advance in her 2021 financial disclosure.
  • The Democrat received $730,350 from Macmillan Publishing, records show.
  • Macmillan Publishing oversaw “Persist” and “Pinkie Promises,” Warren’s two titles released in 2021.

Literary money keeps rolling for Senator Elizabeth Warren.

The Massachusetts legislator landed a book advance of $730,350 last year, according to her 2021 financial disclosure. The large advance came from Macmillan Publishing Group LLC, records reviewed by Insider show.

Macmillan published Warren’s children’s book ‘Pinkie Promises’ in October 2021, and also oversaw the publication of his book ‘Persist’, which was released in May 2021. The two titles had previously earned him a $250,000 advance in 2020, according to Financial Disclosures.

A spokesperson for the senator confirmed to Insider that the most recent advancement is a continuation of both books.

“Persist” was the New York Times No. 7 bestseller when it debuted last year before dropping off the list the following week. The book details Warren’s experiences as a mother and teacher and how her personal life helped inform her political positions. “Pinkie Promises” was a picture book about a girl named Polly who runs for class president.

The Boston Globe reported Friday that Warren’s annual income last year jumped from nearly $900,000 to $1.36 million thanks to the six-figure advance.

As Insider’s Kimberly Leonard reported in December, members of Congress often rake in big salaries when they write their publications. In 2020 alone, 26 House and Senate lawmakers raised $1.8 million through book advances and royalties, Insider found as part of its Conflicted Congress project.

Some have even managed to make more money writing books than serving as elected officials — a job that already comes with an annual salary of $174,000. Members of Congress are generally not allowed to earn more than $29,595 in income outside of their federal salaries each year, but book advances and royalties are one of the few exceptions to the rule.

Warren, it appears, was able to take advantage of the legal loophole in a major way: His advance of $730,350 in 2021 was nearly double the next highest payout examined in Insider’s 2020 survey. Sen. Tammy Duckworth, a Democrat from Illinois, won $382,500 in advance for her book “Every Day is a Gift: A Memoir.”

Other high earners among Congressional authors in 2020 include Senator Ted Cruz, Senator Tom Cotton and Senator Bernie Sanders.

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