Ivanka Trump, Wayne Rooney and the art of the bad book deal

Estimates suggest her book Women Who Work is a long way from earning out its gigantic advance – putting its author in some interesting companyEstimates are out for how much publisher Portfolio might have lost on Ivanka Trump’s book, and they won’t be happy reading for the US’s “first daughter”, or her publisher. Women Who Work was conceived, its author has said, after she appeared on The Apprentice years ago and received “a flood of letters from young women asking for guidance”. This made her realise “the need for more female leaders to speak out publicly in order to change the way society thinks and talks about ‘women who work’”.Unfortunately, it seems that not that many people wanted to listen. According to Forbes, the book sold 31,900 copies between publication in May 2017 and the end of the year. Crunching the numbers, Forbes says this means the book has earned around $1.1m (£772,000), of which the publisher will have received $566,000. But it paid an estimated $787,500 advance, with a second advance instalment to follow. Forbes estimates that this means Portfolio – which has yet to comment – has lost “at least” $220,000 on the book. Continue reading…
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