A well known literary agent suggests Barack Obama could earn up to $20 million for his post-White House book, while Michelle can expect somewhere in the $12 million dollar range. Not too shabby considering they will have lived off the taxpayers in vacation drenched luxury for the last eight years, and Barack Obama is already well known to be a “show up late if at all” kind of president. Who says sloth doesn’t pay?
Literary Agent: Obama Could Make $20M from Memoirs
The Obamas are set to become fabulously rich – not just well off, butfabulously rich – after President Obama leaves office, writing memoirs that will fetch in the tens of millions of dollars.
According to a New Yorker profile of Obama, Andrew Wylie, a leading literary agent, estimates that Obama could command $17-$20 million for his memoirs, while Michelle could earn an not-too-shabby $12 million, putting their potential combined take at more than $30 million.
Of course, the two also will earn millions more from speaking fees. The president is likely to hit way north of $100,000 per speech, given that Bill Clinton averages nearly $200,000 per appearance.
Of course, there’s always the chance the Obamas will forgo this windfall as a symbolic statement of his support for ending income inequality.
And one of many great ironies within this Age of Obama, is the king and queen’s ransom for those memoirs are for Obamabots who rarely, if ever, read…
IN WASHINGTON D.C., FRANK BENNINGTON KNOWS WHERE THE BODIES ARE BURIED,
AND HE’S DETERMINED NOT TO BE COUNTED AMONG THEM.