How does David Cameron make money after resigning?

(Baonghean.vn) - Former British Prime Minister David Cameron is expected to publish a memoir in the fall of 2017 for £1.5 million. In addition, he also plans to participate in evening talks with a salary of about £50,000/hour.

Mr Cameron's memoirs will reveal behind-the-scenes details of his time as Prime Minister. Photo: AP

According to The Sunday Times, Mr. David Cameron will send a summary of his memoir to publishers this weekend. Mr. Cameron's behind-the-scenes stories during his time as British Prime Minister are not widely known. Therefore, the main content of the memoir is his time at 10 Downing Street.

Mr Cameron is expected to earn £1.5m from royalties from publishing his memoirs.

According to some sources, Mr Cameron's agent Ed Victor initially wanted to sell the memoirs for £4m - a price that is similar to the £4.6m paid for former Prime Minister Tony Blair's memoir in 2007 and the £3.5m paid for Margaret Thatcher's memoir in 1993.

However, Mr Victor is now offering a much lower price after realising that the publishers who had negotiated the memoirs of Mr Blair and Mrs Thatcher were mainly targeting the US market, while Mr Cameron is not a well-known figure there.

In addition, Mr. Cameron's name is also associated with the phrase Brexit (Britain leaving the EU) and this has had a negative impact on his 6-year tenure as Prime Minister.

After several publishers dropped out of the race to secure the rights to the memoir, Viking and Macmillan are now expected to take the reins.

Mr Cameron, who resigned as a member of parliament last week, has told friends that he wants to spend the next nine months writing his memoirs, which are due to be published in autumn 2017.

He also plans to give evening talks for around £50,000 an hour.

Mr Cameron also plans to set up a charity fund similar to that of Mr Tony Blair to change the lives of poor children based on the British government's National Citizen Service program since 2011./.

Diep Khanh

(According to Independent)