Barack Obama Could Get A $20 Million Advance For His Post-Presidency Memoir

National

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.

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“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 is 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 he’ll get around $12 million, and $10 million for Michelle.

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.

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