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Booker Prize, an annual prize of £50,000 (as of 2002; it was previously £20,000) for a work of fiction by a British, Irish, or Commonwealth writer. Great Britain's premier literary award, it has been underwritten since 1969 by the British food-distribution company Booker PLC, now part of The Big Food Group PLC. In 2002 the Man Group, a British hedge fund, became a sponsor of the award, which was officially renamed the Man Booker Prize. Recipients have included Nadine Gordimer, Iris Murdoch, Salman Rushdie, A. S. Byatt, and Peter Carey.
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