Michael Wolff could net at least $7.9million from his book Fire and Fury: Inside The Trump White House
Fire and Fury author Michael Wolff could net at least $7.9million from his book detailing the wild exploits of President Donald Trump’s first year in the White House.
An analysis by Bloomberg projects that through a combination of factors, the media heavyweight could earn roughly that total from his controversial book.
Neither Wolff nor his publisher, Henry Holt & Co., have given the public any detail’s about his pay.
The Bloomberg analysis begins with the assumption that Wolff received a $500,000 advance and would receive 15 percent of the book’s list price, described as a ‘typical royalty rate’.
The book has gone on sale for $30 for hardcover copies, $15 for e-books and $28 for audio books.
So far, Bloomberg reports, the book has sold 29,000 hardcover copies, 250,000 e-book copies and 100,000 audio book copies.
Multiplying the respective number of copies sold by the respective price and then multiplying by 15 percent comes out to $1,113,000.
The book, which the Trump administration has deemed ‘inaccurate trash’, charts the first year in Donald Trump’s White House
A Bloomberg analysis uses the the number of books sold so far, the number of books expected to sell, prices for its various formats and a ‘typical royalty rate’ of 15 percent to come out to the $7.4million figure
Then, if the 1.4million more hardcover copies expeceted to go on sale do, in fact, all sell, that equals another $6.3million.
So from these figures alone, the total comes to $7.4million from book sales or $7.9million including the assumed advance.
And of course, he could always gain royalties if film producers seek to adapt all or part of his book into a film about the Trump administration.
Wolff was a guest on The Late Show with Stephen Colbert on January 8
Fire And Fury: Inside The Trump White House paints Trump as a leader who does not understand the weight of his office and whose competence is questioned by aides.
The president and other White House aides have blasted it as ‘inaccurate trash’, but it was the top-selling book in the US last week and its numbers are likely to grow far higher.
The book was released on Tuesday, January 9.