11/10/2009 05:12 am ET Updated May 25, 2011

Why James Patterson Is Worth $150 Million

When Hachette Book Group announced a landmark deal with author James Patterson on Tuesday, the numbers were stunning. It calls for him to churn out 17 books through 2012, 11 for adult readers and six for young adult readers. A source familiar with the terms estimates it to be worth at least $150 million to Patterson.

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