Man Booker Prize

The Man Booker Prize for Fiction (formerly known as the Booker-McConnell Prize and commonly known simply as the Booker Prize) is a literary prize awarded each year for the best original novel, written in the English language, and published in the UK. The winner of the Man Booker Prize is generally assured of international renown and success; therefore, the prize is of great significance for the book trade. From its inception, only Commonwealth, Irish, and Zimbabwean citizens were eligible to receive the prize; in 2013, however, this eligibility was widened to any English language novel.

The Booker Prize is greeted with great anticipation and fanfare. It is also a mark of distinction for authors to be selected for inclusion in the shortlist or even to be nominated for the "longlist".

History and administration

The prize was originally known as the Booker-McConnell Prize, after the company Booker-McConnell began sponsoring the event in 1968; it became commonly known as the "Booker Prize" or simply "the Booker." When administration of the prize was transferred to the Booker Prize Foundation in 2002, the title sponsor became the investment company Man Group, which opted to retain "Booker" as part of the official title of the prize. The foundation is an independent registered charity funded by the entire profits of Booker Prize Trading Ltd, of which it is the sole shareholder. The prize money awarded with the Booker Prize was originally £21,000, and was subsequently raised to £50,000 in 2002 under the sponsorship of the Man Group, making it one of the world's richest literary prizes.