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$20 Million Advance Offered To Obama For His Memoir

Barack Obama Thums Up
Source: urceleb

Hands down, Barack Obama was one of the best presidents of US. He has not only been a great politician but he has become a brand himself. Over the 8 years of his regime, he has made worldwide fans. From addressing the press at the White House to being funny on The Ellen DeGeneres Show, from taking bold decisions to taking a stand and making things right, he has shown both his professional and personal traits. I don’t think he has done everything right but I am sure we would agree that he has done everything with grace.

No one would deny if they are given a chance to have a sneak peek of Obama’s life. Let’s agree to a fact that he is not an ordinary person and this sneak is going to be very costly. Esther Newberg is the co-head of ICM Partners publishing unit, and according to her, Barack Obama is going to get a huge sum 20 million dollars as an advance for writing his memoir.

Newberg predicts this memoir is going to be the most successful compared to all the past presidents of the United States and that is why he is being offered this hefty advance to write it.Besides, Obama has already written 2 books “Dreams from My Father: A Story of Race and Inheritance” and “The Audacity of Hope: Thoughts on Reclaiming the American Dream”. He is already a published author and about 4 million copies of his books have been sold. Bill Clinton currently holds the record for grossing the highest for writing his memoir “My Life” which yielded him 15 million dollars and Obama has already beaten him just by this advance offer. George Bush doesn’t even come close to him with just a 7 million dollar payment for his memoir “Decision Points”.

Not only was he the first African-American president and hugely popular, he’s already shown us that he can, in fact, write. And, he’ll look like the King of Siam next to Trump. – Esther Newberg

Not only the president but the former First Lady Michelle Obama has also been given a lucrative deal to write her memoir. The combined book contracts offered to the couple might yield them a figure north of 45 million dollars. These memoirs are the most valuable in recent history and with the popularity of the power couple, it might as well break the roof with their sales figures. The young president has already put things in motion and has appointed Bob Baett as his lawyer. Furthermore, he has also included former White House speechwriting director Cody Keenan in his team. With this combination and his sheer intelligence, Obama is only going to make more money and become more famous. I wouldn’t be surprised if we see a movie made on his life.

It’ll make us feel a lot better in this moment of time to read Obama’s book than to read the newspapers about Trump. At least that’s how I feel. I predict huge audio book sales with that mellifluous voice of his. Can you imagine driving along in your car and hearing that voice… – Esther Newberg

As readers, it would be amazing for us to read Obama’s book and those under the President Trump’s rule will find solace in their inconsistent but a glorious past.

Source: Forbes

Update: The deal was confirmed at $60 million [March 3, 2017]

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