Barack Obama Could Get a $20 Million Advance For his Post-Presidency Memoir

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Barack Obama’s post-presidency career is already looking to be a financial windfall. According to the New York Times, Obama could fetch an advance of more than $20 million for his memoir.

The potential multi-million paycheck would be more than any other former president in U.S. history.

“His is going to be easily the most valuable presidential memoir ever,” predicted Raphael Sagalyn of the ICM/Sagalyn Literary Agency. “And I think Michelle Obama has the opportunity to sell the most valuable first lady memoir in history.”

Sagalyn believes that the former POTUS could bring in as much as $30 million to write at least two books.

By comparison, Bill Clinton earned $15 million for his 2004 autobiography, My Life, while George W. Bush snagged $7 million to write the 2010 memoir, Decision Points. 

While Barack has already done well in the literary world with Dreams from My Father: A Story of Race, Inheritance and The Audacity of Hope: Thoughts on Reclaiming the American Dream and Of Thee I Sing: A Letter To My Daughters,  the Times notes that publishers claim Michelle will get around $12 million, and $10 million for her memoir.

Either way, Barack will be raking in the dough, and with more than 160 million followers across Twitter, Facebook and Instagram, the 55-year-old politician should have no problem finding an audience to read his books.

SOURCE: Vibe – Latifah Muhammad