Life is grand for the Obamas after the White House, copping record-breaking book deals for their White House memoirs. Find out how much they’ll be raking in, plus deets on our former president Barack Obama getting a special award inside….
We told you former President Barack Obama would be getting a FAT check for his memoir, following his eight-year presidency. Now, some numbers are in.
Mr. Obama and former First Lady Michelle Obama have inked book deals that are possibly the most lucrative deals ever for White House memoirs.
Now, the numbers aren't super concrete just yet, but according to reports, Mr. and Mrs. Obama are getting paid anywhere from $30 million to $65 million for both books by Penguin Random House. Cha-ching!
Even if you went with the low figure, $15 million is the most any former president (or first lady) has been paid for their memoir. Clinton was offered a $15 million advance for 2001’s “My Life,” selling 2.2 million copies. He currently holds the record.
George W. Bush got $7 million for 2010's "Decision Points," selling 2.6 million copies.
“We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama,” Penguin Random House CEO Markus Dohle said in a statement about the deal.
No word yet on the titles of the books, when they’ll be published or the actual amount of what the former first couple will be getting paid. But, what we do know is we can’t WAIT to get our hands on the copies because we need to know everything that went down behind-the-scenes over the course of the last eight years.
Mr. Obama is set to receive a high honor in the coming months.
The former POTUS Obama has been named the 2017 "Profile in Courage" award honoree by the John F. Kennedy Library Foundation.
Reports reveal former President O is receiving the honor for "expanding health security for millions of Americans, restoring diplomatic relations with Cuba and leading a landmark international accord to combat climate change." He’s set to receive the award during a ceremony in May.
According to the Profile in Courage website, the award is given to a public official (or group of public servants) from any level of government each year "whose actions demonstrate the qualities of politically courageous leadership in the spirit of 'Profiles in Courage,' President Kennedy's 1957 Pulitzer prize-winning book.”
With everything Obama did for ALL Americans during his presidency, he definitely earned it. Congrats!
Now that the Obamas are back from their extended vacay...
— Michelle Obama (@MichelleObama) February 28, 2017
They're already back to work! Mrs. Obama stopped by Ballou STAY High School in Washington, D.C. a few days ago to speak with students about higher education. Loves it!