Everybody just assumes that Sarah Palin wakes up in the morning feeling like P. Diddy all the time, in a golden bed of $100 bills. This is because the lamestream media makes it seem like she's always collecting enormous wads of cash in exchange for her hardcore mama grizzlin’ services (speechin’, hangin’ tough, Teabaggin’). But according toForbes investigative reporter Dirk Smillie (né Dirksen Smilloszewskiwicz), Palin has earned only $10 million in the past 12 months, “at best.” AT BEST, people.

Many reporter-types have been running around saying Palin made $12 million last year, though. How did everybody get the facts so wrong? Dirk Smileyface knows:

The $12 million figure got its footing in April when ABC News first reported it. Since then the number has been repeated dozens of times by other outlets. On a July 3 broadcast of the Today Show ... NBC News' Norah O'Donnell gushed: "Sarah Palin is cashing in, going from $125,000 a year to an estimated $12 million. There's her blockbuster best-seller "Going Rogue"; on that deal, $7 million. Her own TV show on The Learning Channel; on that deal, $2 million."


But a publishing industry source who knows the terms of the deal said Palin's advance was "nowhere near $7 million." A source inside Palin's camp says the number is closer to $2.5 million.

Smillie throws some more money figures in there, and they don’t add up to $12 million, so everybody just STFU about $12 million cuz it's not true. Palin is just like one of us, a poor! Except that unlike us, she’s got a half-dozen additional mouths to feed and receives no fancy clothing stipend from the Republican party, anymore.

Forbes discovered the truth about Palin’s finances while compiling their ”World’s Most Powerful Celebrities” list, which Palin totally didn’t even make. Tina Fey did, though. Man, kick a lady while she's down, why dontcha. [Forbes.com]


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