Obamas Reach $60 Million Deal For Books On Their White House Years

Obamas Reach 60 Million Deal For Books On Their White House Years

Former President Barack Obama and his wife Michelle have agreed to a $60 million deal for a two-book package about their time in the White House.

The books will be the first ever authored by the former first lady and the fourth from the former president.

Penguin Random House will publish the books. No date has been set. The former president had listed writing a book about his White House years as one of his top priorities after leaving office last month.

“We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama,” said Markus Dohle, CEO of Penguin Random House.

“With their words and their leadership, they changed the world, and every day, with the books we publish at Penguin Random House, we strive to do the same,” he said.

“Now, we are very much looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance,” he added.

The publisher has agreed to donate more than 1 million books as part of the deal.

If the reported figure of $60 for the two books is accurate, the Obamas will have eclipsed other political authors.

Former President Bill Clinton was given $15 million for his memoir of his White House days, while Hillary Clinton received a $14 million advance for the book she wrote on her State Department experiences.

Former President George W. Bush was given a $10 million advance for his 2010 memoir.

Former President Obama has written three books: The Audacity of Hope, which was published in 2006 as his campaign for the White House was taking root, a children’s book, Of Thee I Sing: A Letter to My Daughters and a 2004 memoir, Dreams from My Father. 

The books earned Obama about $15 million to date.

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Source: westernjournalism.com