Rubio's book brings big payday
WASHINGTON — U.S. Sen. Marco Rubio, who likes to joke in speeches that his book An American Son is available on Amazon, earned $800,000 off it in 2012, his newly filed financial disclosure shows.
The Florida Republican used the money to strike an albatross from previous disclosures: more than $100,000 in college loan debt.
The $800,000 advance from publisher Penguin Group puts Rubio in a league with other recent senators who have become national figures. Former Sen. Scott Brown of Massachusetts got a $700,000 advance for his book in 2010. In 2006, then-Sen. Barack Obama listed $147,000 in royalties for one book and a $425,000 advance for another.
Rubio — a much-talked-about possible 2016 presidential candidate — stands to make a lot more. His deal calls for royalty payments of 15 percent of sales of the hardcover edition; 7.5 percent to 10 percent of paperback (due out May 28); and 25 percent of audio editions.
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