It's been a rough year for the author, but at least he has his millions of dollars to ease the pain. 71-year-old Paul Auster has taken the No. 1 spot on People With Money’s top 10 highest-paid authors for 2018 with an estimated $46 million in combined earnings.
UPDATE 16/11/2018 : This story seems to be false. (read more)
Paul Auster tops annual list of highest-paid authors
In 2016 it looked like the author’s spectacular career was winding down. Suddenly, he was back on top. People With Money reports on Thursday (November 15) that Auster is the highest-paid author in the world, pulling in an astonishing $46 million between October 2017 and October 2018, a nearly $20 million lead over his closest competition.
People With Money’s factors
In compiling this yearly list, the magazine considers factors such as upfront pay, profit participation, residuals, endorsements and advertising work.
The American author has an estimated net worth of $145 million. He owes his fortune to smart stock investments, substantial property holdings, lucrative endorsement deals with CoverGirl cosmetics. He also owns several restaurants (the “Fat Auster Burger” chain) in Washington, a Football Team (the “Newark Angels”), has launched his own brand of Vodka (Pure Wonderauster - US), and is tackling the juniors market with a top-selling perfume (With Love from Paul) and a fashion line called “Paul Auster Seduction”.
The ranking is significant for many Paul fans, who have been waiting for his triumphant return to the glory days for what seems like a lifetime.
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