The Obamas Land Major Book Deal, Worth More Than $60 Million

The Obamas didn’t waste any time getting back to work after a relaxing vacation. After a multi-publisher bidding war, Barack and Michelle Obama have sold the rights to their next books. Reportedly, Penguin Random House scored the rights for more than $60 million, according to the Financial Times. The couple’s writing separate books but sold the rights jointly.

The Obamas’ book deal is record-breaking. It surpasses previous records set by George W. Bush’s reported $7 million deal and Bill Clinton’s reported $15 million dollar advance. Reportedly The Obamas will donate a portion of their proceeds to charity.

“We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama,” Penguin CEO Markus Dohle said in a statement, according to The Associated Press. “With their words and their leadership, they changed the world, and every day, with the books we publish at Penguin Random House, we strive to do the same.” The publisher added that they would aim to “make each of their books global publishing events of unprecedented scope and significance.” And what more would you expect from a former president who believed, as Nathan Heller wrote in December, so fully in the power of “what artful sentences can do?”

We can’t wait to read these books. Where do we pre-order?

@Robinrazzi


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I am a digital content creator and have worked in the digital space for more than ten years. "Robinrazzi" is a nickname given from a former colleague because I'm known for having a camera in hand at all times. I have traveled the world covering entertainment events, celebrities and anything trending. I earned my BA in Communications from Penn State and a MS in Marketing from Johns Hopkins University. I currently serve as Director of Digital Content for WHUR and the Howard University Radio Network.

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