Barrack and Michelle Obama sign $60 million Book Deal For Rights To Their New Memoirs
Before leaving the White House, Obama revealed that he will rest and then write after he leaves office. Now, only weeks after leaving, the former president of USA and his wife, Michelle, who are working separately on their new books have gotten an unbelievable, unprecedented book deal worth $60million.
The right to their book was purchased by Penguin Random House in a joint publishing deal. Reports from The Financial Times reveal that bidding had surpassed $60million, however, the Obama’s chose the Penguin because they had published Barrack’s previous three memoirs.
This $60million deal signed by the Obama’s is the biggest any author has ever been paid for a single book. It overshadows the $15million Bill Clinton received for his memoir My Life, the $10million deal George W. Bush got for Decision Points, the $14million Hillary Clinton got for her book Hard Choices and the $500,000 Donald Trump received for his book The Art of the Deal.