Ahead of his plans to step down from his role as president of the National Action Network, Rev. Al Sharpton sold his “life story rights” to the charity for $531,000, according to financial reports.
He defended the payment — which was in addition to more than $244,000 he made from the organization last year — as a solid investment for the group.
“What does that have to do with anything?” Sharpton asked when presented with the information.
Though some experts warn such payments could threaten the group’s nonprofit status, he described his life story as “real property” meant to provide NAN with a steady income stream after his departure next year.
“You’re not talking about just me as an activist,” he said, describing “non-related NAN things” included in the rights to which the group will retain ownership for a period of 10 years.
Sharpton cited specific video and audio files he believes could be profitable for the organization, suggesting it could triple its investment. He also said several projects are in the works to present portions of his life story but did not elaborate on their progress.