Giller Prize Money Doubled, Winner Gets $100,000

This article was last updated on April 16, 2022

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The managers of this year’s Giller Prize have announced to have doubled the prize money to $100,000, affectively making it one of the world’s richest literary prizes. The announcement was made in Montreal on Tuesday, along with the declaration of the 12 Canadian authors on the long list.

The announcement confirmed that The Scotiabank Giller Prize has been doubled from $50,000 for the winner and $5,000 for each of the shortlist finalists to $100,000 for the winner and $10,000 for each of the other four finalists. It was highlighted that this has become the highest payout for a literary prize in Canada and even richer than Britain’s Man Booker Prize of 50,000 pounds, i.e. almost $89,000 Cdn.

Giller founder, Jack Rabinovitch, mentioned in his remarks that “when we started this prize 21 years ago with the assistance of Mordecai Richler, David Staines and Alice Munro, the intent was to highlight and reward Canadian fiction authors,” adding that “the award then was $25,000 and we had a great deal of help from Canadian booksellers. Now with the warm and unique partnership with Scotiabank and its entire executive group, we are able to achieve this objective in a manner we never thought possible. Canadian storytellers deserve this recognition. I can hardly imagine what Doris would say.” The Giller Prize was founded in 1994, i.e. a year after the death of Rabinovitch’s wife, Doris Giller, who was once an editor at the Toronto Star.

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