Author here. Little known anecdote: DT worked w ghostwriter for “The Art of the Deal” (of course). He gave Tony Schwartz (ghost) half the advance and half the royalties… unheard of! Schwartz made hundreds of thousands of dollars off the royalties and felt so guilty at the charade he’d created that he donated the $$$ to liberal/democratic causes. The ghostwriter generally gets a flat fee (less if his name is on the cover) and I’ve never heard of ANYONE getting royalties. Another anecdote: I’ve heard Mike Ovitz used 4 writers for his memoir (which I thought was extremely well written). I noticed that he didn’t thank/acknowledge anyone… giving the impression he’d written it himself. Which I thought was a bit cheesy.

Author here. Little known anecdote: DT worked w ghostwriter for “The Art of the Deal” (of course). He gave Tony Schwartz (ghost) half the advance and half the royalties… unheard of! Schwartz made hundreds of thousands of dollars off the royalties and felt so guilty at the charade he’d created that he donated the $$$ to liberal/democratic causes. The ghostwriter generally gets a flat fee (less if his name is on the cover) and I’ve never heard of ANYONE getting royalties. Another anecdote: I’ve heard Mike Ovitz used 4 writers for his memoir (which I thought was extremely well written). I noticed that he didn’t thank/acknowledge anyone… giving the impression he’d written it himself. Which I thought was a bit cheesy.

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