Author EL James is reportedly earning over $1 million a week for her Fifty Shades trilogy. The writer, whose erotic novel Fifty Shades of Grey originally started as Twilight fanfiction, has recently broken a slew of literary records.
Earlier this week, Fifty Shades of Grey was confirmed as the fastest adult paperback to sell one million copies, beating The Da Vinci Code by Dan Brown. The book also became the first Kindle ebook to sell over one million and together with its sequels, has become the first trilogy to sell over 100,000 of each installment.
These records have contributed to James's estimated income of $1.35 million a week, according to Celebritynetworth.com.
"It's safe to assume that E.L. James has long ago sold enough copies to repay her seven-figure book advance, which means at this point she is earning the standard 7% royalty on every $14 paperback and 25% royalty on every $10 ebook," the website suggested.
"In the last month, James has sold 4 million paperbacks and 1 million ebooks, which equates to $2.94 million in paperback royalties and $2.497 million in ebook royalties."
The website added that James would probably be in line for a $20 million royalty cheque in September, based on current and expected sales in the coming months.
Last week, Mark Wahlberg revealed that his production company almost obtained the film rights to Fifty Shades of Grey, before Universal and Focus secured the adaptation.