Profile image
By Doug Ross @ Journal (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

“I Do Think at Some Point You’ve Made Enough Money”: Obama Book Deals to Net $60 Million

Tuesday, February 28, 2017 17:54
% of readers think this story is Fact. Add your two cents.

By Robert Donachie


B4INREMOTE-aHR0cHM6Ly8xLmJwLmJsb2dzcG90LmNvbS8tUVVOazdac29qRVkvV0xZYVFfZGp3bUkvQUFBQUFBQUJzc1UvSzkwTzNxNnFZdTBVaXEzd1J6TDluSlM1TkRnX09fR3NRQ0xjQi9zMTYwL28uanBnPublishing rights to two books written by former President Barack Obama and former First Lady Michelle Obama could go for $60 million in an ongoing global auction.


The former president and first lady wrote the books separately, but are auctioning off the publishing rights simultaneously, The Financial Times reports. If the books secure the projected $60 million price-tag, it would greatly surpass original expectations. Researchers originally estimated the two memoirs would net the couple $40 million, according to business analytics data from American University.

Publishing houses currently vying for the rights include: Penguin Random House, HarperCollins, and Simon & Schuster, to name a few. Penguin Random House is reportedly the current favorite to secure exclusive rights. A final decision is expected at any moment, FT reports.

Former President Bill Clinton’s memoir was published by Knopf Publishing Group. The former president sold the rights to the company for $10 million, an amount that set records for a non-fiction deal at that time.




The Obamas are no strangers to lucrative book deals. The couple reports living off the proceeds of “Dreams from My Father,” the memoir Obama wrote in 1995, which was re-released during his 2004 bid for the U.S. Senate. “Before this book started selling we were living in a condo and we had two cars, but one of them was beat up,” Obama told reporters in 2008.



The couple is projected to make as much as $242.5 million in their time after leaving the White House, American University reports. Obama is set to receive a cushy lifetime salary of $200,000 a year from the government, a salary that’s four times the average household income in America. On top of the hefty salary, Obama will also get health care coverage, subsidized private travel, and a private office of his choosing.

Read more at Daily Caller. 


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.