Senator Al Franken, a Democrat representing Minnesota, has disclosed that he received a $332,750 advance for his bestselling memoir Giant of the Senate, which was released on May 30.
The advance was an item in his mandatory financial disclosure forms, which were filed on May 15. The advance was paid by Grand Central Publishing, the parent company of Twelve, the book’s publishing house.
The senator was asked if the sum of money in his financial disclosures was the entirety of the advance or was merely a portion of a larger one. According to a Huffington Post report in 2015, the book deal was valued at over a million dollars.
Not many details are known about the financial terms of the book deal, which was drafted in April of 2016. The forms say that Franken has received an advance, and is set to receive royalties that are “based on customary and usual terms for a memoir.”
Franken was recently on a book tour for Giant of the Senate. It is not his first book. He has published multiple #1 New York Times bestsellers, including Lies and the Lying Liars Who Tell Them, Rush Limbaugh is a Big Fat Idiot, and The Truth. He has also written multiple books that were not bestsellers.
Giant of the Senate is, as of the time of this article’s writing, the #1 selling book on Amazon. A huge feat.
Franken was recently in the news for cancelling an event he had planned with Kathy Griffin. Franken distanced himself from his comedy peer for her controversial Trump decapitation video.
Franken draws water from many wells. In addition to his book income, he also makes a congressional salary and still makes money from pensions from the Screen Actors Guild, the American Federation of TV and Radio Artists and the Producers-Writers Guild of America.
Al Franken has been a major celebrity ever since his days as Stuart Smalley on Saturday Night Live. His transition to politics was inaugurated with the 2003 publication of Lies and the Lying Liars Who Tell Them, for which he was sued unsuccessfully by Fox News. He then signed a one-year contract to host a talk show on the now-defunct Air America Radio, with cohost Katherine Lanpher.
His tenure with Air America ended on February 14, 2007. At the end of the show, Franken announced that he was running for the United States Senate.
He won the election and was re-elected for a second term. He has been a prominent figure in American politics since.