Just 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 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 Obamas 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.
