Bukhman International Booker Prize: Prize Doubled to GBP 100,000
Why in the news
The Booker Prize Foundation announced in July 2026 that the International Booker Prize will carry the name of its new funder, Bukhman Philanthropies, and that the prize money will double. Award changes are common in general awareness papers.
Key facts
- New name: Bukhman International Booker Prize.
- Prize money: GBP 100,000, up from GBP 50,000, divided equally between author and translator.
- Shortlist: each shortlisted title still receives GBP 5,000, shared between author and translator.
- Funding: Bukhman Philanthropies, founded by Dmitry and Daria Bukhman, is reported to give GBP 1.4 million a year over a decade (to 2036).
- Timing: reports differ, with the 2027 edition cited by Kursiv; the sources agree the prize marks its tenth year in 2026.
| Item | Amount |
|---|---|
| Before | GBP 50,000 |
| After | GBP 100,000 |
| Split | Equal between author and translator |
| Shortlisted titles | GBP 5,000 each |
About the prize
The International Booker Prize honours fiction translated into English. It has carried that name since 2019, so this is its first renaming since then. Katie Kitamura is named as chair of the 2027 judging panel.
Exam angle
- Remember the new name and the doubled prize of GBP 100,000.
- The prize rewards both author and translator.
- Funder: Bukhman Philanthropies.
- Format: translated fiction.