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Bernie Sanders doubled his income last year by writing a best-selling book that condemns capitalism

by DTB
May 12, 2023
in Politics
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Bernie Sanders doubled his income last year by writing a best-selling book that condemns capitalism
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  • Sen. Bernie Sanders wrote a book called “It’s OK to Be Angry About Capitalism.”
  • Per new disclosures, he made $170,000 in book royalties in 2022, nearly as much as his $174,000 salary.
  • But he’s not the only one: Sen. Elizabeth Warren made more than $440,000 on books in 2022.

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According to Sen. Bernie Sanders’s latest annual financial disclosures, the Vermont Independent earned $170,000 in book royalties in 2022 for his recently-published best-selling book, “It’s OK to Be Angry About Capitalism.”

That’s almost as much as the $174,000 salary that senators and House members collect each year.

Coupled with another $170,000 royalties payment from publisher Penguin Random House in 2020, Sanders has so far made $340,000 from the book.

Sanders’ office did not immediately respond to Insider’s request for comment.

Sanders, a two-time runner-up for the Democratic presidential nomination and a proponent of Democratic Socialism, has long drawn scrutiny for the wealth he’s managed to amass while in office.

Following his first presidential campaign in 2016, he wrote two books — “Our Revolution: A Future To Believe In” and “Bernie Sanders Guide to Political Revolution” — that contributed to more than $1 million in book royalties disclosed on his 2017 financial disclosure.

“I wrote a best-selling book,” he told the New York Times in 2019. “If you write a best-selling book, you can be a millionaire, too.”

Asked on Fox News if 2019 if making money off of a book constitutes the “definition of capitalism,” Sanders explained that he hoped to create a society where everyone can enjoy the success that he has.

“I have a college degree. You know, I’m a United States senator,” he said. “A lot of people don’t have a college degree. A lot of people are not United States senators.”

Sanders isn’t the only senator who’s made significant amounts of outside income on book sales.

Democratic Sen. Elizabeth Warren of Massachusetts, a fellow progressive and 2020 presidential candidate, made even more than Sanders in book royalties in 2022, according to her own recently-filed financial disclosures.

Warren’s grand total of $443,141 in 2022 book royalties comes from a few different sources: more than $23,000 in royalties from old textbook chapters she wrote during her previous career as a law professor, and nearly $420,000 in royalties from a series of recent books published with Macmillan Publishing Group, including “Persist” and a children’s book called “Pinkie Promises.”

And altogether, senators made a total of $1.8 million combined in book advances and royalties in 2020 — with Democratic Sen. Tammy Duckworth of Illinois and Republican Sen. Ted Cruz of Texas among the top earners.

  • Sen. Bernie Sanders wrote a book called “It’s OK to Be Angry About Capitalism.”
  • Per new disclosures, he made $170,000 in book royalties in 2022, nearly as much as his $174,000 salary.
  • But he’s not the only one: Sen. Elizabeth Warren made more than $440,000 on books in 2022.

Top editors give you the stories you want — delivered right to your inbox each weekday.
Loading Something is loading.
Thanks for signing up!
Access your favorite topics in a personalized feed while you’re on the go.

By clicking ‘Sign up’, you agree to receive marketing emails from Insider
as well as other partner offers and accept our
Terms of Service and
Privacy Policy.

According to Sen. Bernie Sanders’s latest annual financial disclosures, the Vermont Independent earned $170,000 in book royalties in 2022 for his recently-published best-selling book, “It’s OK to Be Angry About Capitalism.”

That’s almost as much as the $174,000 salary that senators and House members collect each year.

Coupled with another $170,000 royalties payment from publisher Penguin Random House in 2020, Sanders has so far made $340,000 from the book.

Sanders’ office did not immediately respond to Insider’s request for comment.

Sanders, a two-time runner-up for the Democratic presidential nomination and a proponent of Democratic Socialism, has long drawn scrutiny for the wealth he’s managed to amass while in office.

Following his first presidential campaign in 2016, he wrote two books — “Our Revolution: A Future To Believe In” and “Bernie Sanders Guide to Political Revolution” — that contributed to more than $1 million in book royalties disclosed on his 2017 financial disclosure.

“I wrote a best-selling book,” he told the New York Times in 2019. “If you write a best-selling book, you can be a millionaire, too.”

Asked on Fox News if 2019 if making money off of a book constitutes the “definition of capitalism,” Sanders explained that he hoped to create a society where everyone can enjoy the success that he has.

“I have a college degree. You know, I’m a United States senator,” he said. “A lot of people don’t have a college degree. A lot of people are not United States senators.”

Sanders isn’t the only senator who’s made significant amounts of outside income on book sales.

Democratic Sen. Elizabeth Warren of Massachusetts, a fellow progressive and 2020 presidential candidate, made even more than Sanders in book royalties in 2022, according to her own recently-filed financial disclosures.

Warren’s grand total of $443,141 in 2022 book royalties comes from a few different sources: more than $23,000 in royalties from old textbook chapters she wrote during her previous career as a law professor, and nearly $420,000 in royalties from a series of recent books published with Macmillan Publishing Group, including “Persist” and a children’s book called “Pinkie Promises.”

And altogether, senators made a total of $1.8 million combined in book advances and royalties in 2020 — with Democratic Sen. Tammy Duckworth of Illinois and Republican Sen. Ted Cruz of Texas among the top earners.

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