These 6 senators made more money from selling books than from their day jobs last year – DAVID RAUDALES


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These 6 senators made more money from selling books than from their day jobs last year

Sens. Raphael Warnock, Ted Cruz, and Elizabeth Warren all made over $400,000 in their capacity as book authors last year.

Kent Nishimura / Los Angeles Times via Getty Images; Bill Clark and Tom Williams/CQ-Roll Call via Getty Images

Senators raked in hundreds of thousands of dollars from book sales in 2022, disclosures show.
Six of them made more than the $174,000 salary they receive as senators.
They include Sens. Raphael Warnock, Ted Cruz, Elizabeth Warren, Tim Scott, and others.

Picture this: you’re a United States senator, and you’re looking to make hundreds of thousands of dollars in extra income.

You already have a $174,000 yearly salary, courtesy of taxpayers. But while that sum isn’t exactly nothing, it hasn’t been raised in 14 years. And given the unique challenges of maintaining residences in both Washington, DC and your home state, you might be feeling a pinch.

You could try trading stocks while in office, but the American public overwhelmingly thinks you shouldn’t be able to do that, and the ongoing effort to ban the practice outright could eventually close off that route. Plus, you already have to have access to a significant amount of wealth to make those investments in the first place.

But if you’re famous enough, there’s one above-board way that several of your colleagues are already taking advantage of: writing best-selling books.

In fact, a handful of senators made far more from book sales than their congressional salaries in 2022, according to recently-filed financial disclosures.

Those six senators include:

Democratic Sen. Raphael Warnock— $655,000Republican Sen. Ted Cruz of Texas— $500,000Democratic Sen. Tammy Duckworth of Illinois— $462,500Republican Sen. Tom Cotton of Arkansas — $373,537Republican Sen. Tim Scott of South Carolina — $370,033Democratic Sen. Elizabeth Warren of Massachusetts — $443,141

As Insider has previously reported, book sales can be a particularly lucrative avenue for lawmakers looking to burnish their brand or tell their stories.

Other senators reported significant windfalls from book sales in 2022 as well.

Independent Sen. Bernie Sanders of Vermont nearly doubled his income by writing a book railing against capitalism. Republican Sen. JD Vance of Ohio is still making money off of his 2016 bestseller “Hillbilly Elegy,” bringing in more than $121,000 in 2022. Democratic Sen. Mazie Hirono disclosed making $90,000 from her memoir “Heart of Fire,” while Democratic Sen. Amy Klobuchar of Minnesota made $55,000 off of “The Joy of Politics.”

Some of the disclosures offer a window into the arrangements lawmakers make with publishers as well.

Cruz, whose publisher digitally altered the cover of his forthcoming book “Unwoke” to remove his mullet, agreed last year to a deal where the Texas senator is paid $1.1 million for two books.

And Warnock, despite facing a competitive re-election campaign in Georgia, took part in something of a book tour for his book, “A Way Out of No Way,” in June and July of last year, some of which was reimbursed by his publisher.

Sen. Raphael Warnock disclosed details of his book tour on his 2022 financial disclosures.

US Senate Select Committee on Ethics

Warren, a 2020 presidential candidate, has written a variety of best-selling books since becoming a politician.

But her disclosures also show that she continues to benefit from her past life as law professor, receiving $23,000 in royalty payments in 2022 for textbooks she helped write long ago, including “Chapter 11: Reorganizing American Businesses” and “Secured Credit: A Systems Approach.”

Read the original article on Business Insider