by: Liz Olson
The Man Booker Prize honors the best work of fiction written in English by a citizen of a current or former British Commonwealth country. In 2014, American authors became eligible for the prize. Considered Britain's most prestigious literary prize, the Booker is presented each October or November by the National Book League in the United Kingdom. In 2002, the purse increased from $30,000 to $75,000.