Obamas To Make Over $60 Million From Book Deal

Tyler Durden's picture

Update: shortly after the news hit that various publishing houses are caught in a bidding war over the Obamas' upcoming memoirs, Penguin Random House issued a press release that it was the winner and will publish forthcoming books by former President Barack Obama and Michelle Obama, concluding a heated auction among multiple publishers.

The terms of the agreement were not disclosed. The Obamas were represented by Robert Barnett and Deneen Howell of Williams & Connolly.

“We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama. 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 chief executive of Penguin Random House, Markus Dohle, said in a statement. “Now, we are very much looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance.”

Earlier:

What took the Clintons years of confidential speeches before major investment banks and middle eastern clients of the Treasury Department, the Obama's plan to achieve with just two books.  According to the FT, several publishers are participating in a blockbuster auction for the global rights to two books by Barack and Michelle Obama where the bid has reached more than $60 million. The Obamas, who are writing separate books but selling the rights jointly, stand to make a record amount for their presidential memoirs.

The publishers involved in the auction for "the most hotly anticipated publishing deal of the year" include Penguin Random House, which published Obama’s previous three books, and HarperCollins, which ironically is owned by Rupert Murdoch’s News. Simon & Schuster, which is owned by CBS, and Macmillan, are also in the mix. As the FT points out, a win by HarperCollins would bring the Obamas into the same publishing house as Bill O’Reilly, the author and Fox News Channel presenter who has been one of the former president’s fiercest critics.

For now, Penguin Random House is reportedly leading the pack for the publishing deal with a decision on the winning bid expected imminently.

With the price set to surpass $60 million, rhe sum offered would eclipse other book deals secured by departing presidents, and would be four times greater than the $15 million Bill Clinton received from Knopf, a division of Penguin Random House, for his 2004 memoirs My Life when he left the White House. George W Bush made an estimated $10 million from his book Decision Points.

The FT also notes that Robert Barnett, Obama’s literary agent who is fielding offers on behalf of the former president, has become a power player for politicians seeking big book deals. He brokered Tony Blair’s £4.5 million contract with Penguin Random House, which is jointly owned by UK education group Pearson and Bertelsmann, the German media company.

Obama has extensive prior book authoring experience, having gained a reputation as a writer before entering the White House with his bestselling books Dreams From My Father and The Audacity of Hope. Obama previously disclosed that he earned $8.8 million from The Audacity of Hope, and the children’s book Of Thee I Sing: A Letter to My Daughters, according to a report by Forbes. Sales of his first memoir, Dreams from My Father, published in paperback in 2004, brought in a further $6.8m in royalties.

However, it is the prospect of a joint book deal with his wife Michelle that has propelled the auction to record-breaking levels and has set the publishing industry alight.

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Normalcy Bias's picture

Nothing but a poorly disguised payoff...

mofreedom's picture

Can he even read and write? Jeesh!

vato poco's picture

'My Struggle Against Racism an' White Peeples an' Shit'

BabaLooey's picture

60 million too much.

Pity the fools that plunk over FRN's to buy this shit.

Fuck You Soetero.

Fuck off and die.

Pinto Currency's picture

Barry and Mike (BM) - fitting.

Escrava Isaura's picture

A sucker is born every day.

I mean, not the people that are spending the $60 million, because anyone with their head screwed on understands this has very little to do with how many books it will sell.

The suckers are the people that care, and/or pay $6 dollars for the book.

 

Bastiat's picture

Who's gonna write this one?  Ayers again?

BlindMonkey's picture

I would suspect so.  

 

This will be the clown's third ghost written autobiography.  

Handful of Dust's picture

Will they have an English edition also?

Budnacho's picture

60 Million for 300 pages of "if if if if if if if if if if if if if if if if if if if....."

BullyBearish's picture

Absolutely no risk to the publisher as .gov has already agreed to buy 2,000,000 copies at $30 a pop...

techpriest's picture

I was going to say - surely we don't have that many Ripley's Believe It or Not museums.

remain calm's picture

That be some expensive toilet paper. Someone give me a copy I'd be to happy to wipe my ass with it.

MANvsMACHINE's picture

Trump should tweet the following:

$60 million book deal for former POTUS and FLOTUS is windfall and others need it more! Memoir during public service should be public domain. @Barack give entire $60 million to charity!!! HELP THE NEEDY!!!

The Saint's picture
The Saint (not verified) MANvsMACHINE Feb 28, 2017 11:08 PM

I like the title.

"The Knee Grow Goes To Washington"

And the subtitle

"How I Made Whitey Pay"

 

philipat's picture

......But being a left-wing "progressive" socialist who has constantly pushed the redistribution meme, he will,of course, be donating half of the proceeds to the underclass poor and needy? Yeah right....another "champagne socialist" like all of them, it's do as I say, not do as I do?

"Hope not Change"?

NumberNone's picture

More like 150 pages of 'Bush's fault', 150 pages of 'Republican's fault' and whole lot of 'Me'' in between.

beemasters's picture

His book is entitled "Laundering Corruption$ for Dummies"

It's disgusting. These dirty rotten scoundrels know the legal system too well to maneuver their criminal ways around it.

Jessica6's picture

Similar as what I was thinking. Sixty million for 300 pages of 'But Bush' or 'But Congress' along with his pride and joy Obammycare and setting racial politics back by six decades.

peddling-fiction's picture

"60 Million for 300 pages of "if if if if if if if if if if if if if if if if if if if....."

And okie dokie.

eatthebanksters's picture

actually its going to be I, I, I, me, me, I, I, me.....the publisher is going to lose their asses...

InjectTheVenom's picture

the Obamas' books will most likely sell about as well as Hitlery's last book

Never One Roach's picture

I hope there's a chapter on his method of fooling the black voters into voting for him (twice!), while doubling their poverty rate and tripling their jobless rate and increasing their homicide rate by 42%.

Chris Dakota's picture
Chris Dakota (not verified) Handful of Dust Feb 28, 2017 8:51 PM

Jews will author these books.

lol

this is so obvious.

Chupacabra-322's picture

How I Criminally stole from Fannie May & Freddie Mac to fund Obamacare.

Logan 5's picture
Logan 5 (not verified) Chupacabra-322 Feb 28, 2017 7:09 PM

Tell us all about all the friends you had at Harvard & Columbia.

dobermangang's picture

President Valerie Jarrett will write it.

TeamDepends's picture

Will it say in his authors bio that Barry was "born in Kenya", like it did from 1990-2007?

nmewn's picture

Speaking of books, here's one...

Shattered: Inside Hillary Clinton's Doomed Campaign

"It was never supposed to be this close. And of course she was supposed to win. How Hillary Clinton lost the 2016 election to Donald Trump is the tragic story of a sure thing gone off the rails." (Edit: LMAO!...tragic?) "For every Comey revelation or hindsight acknowledgment about the electorate, no explanation of defeat can begin with anything other than the core problem of Hillary's campaign--the candidate herself."

...well at least it ended on a positive note...lol.

Of course, 14-45 bucks is a little steep for a schadenboner when I can get one for free off her tearful snowflakes ;-)

https://www.amazon.com/dp/B01JWDWP6W/?tag=aoshq-20

Stroke's picture

Up vote for schadenboner

BeanusCountus's picture

Great stuff! Might buy that one. Assuming it's a comedy?

Lorca's Novena's picture

GW Bush's "decision points", got through first chapter thinking it was satire directed towards elementary students. Ended up burning it in a campfire...

Normalcy Bias's picture

Michelle Obama: How To Take Charge of Your Life Using the Mental Toughness of a Middle Linebacker

Pinto Currency's picture

A tough Nebraska Corn Husker linebacker

vato poco's picture

"The Mental Toughness and Delts of a Middle Linebacker"

FIFY

TeamDepends's picture

Try as "she" might, "Michelle" could not hide those Corn Nuts while dancing on Ellen.https://m.youtube.com/watch?v=BfjpammjydE

Joe Sichs Pach's picture

"Movin' On Up - The Rise And Demise of Americas First, First Transgender Couple"

justdues's picture

It,s always baffled me , who the hell wastes their time and money reading about some boring ex politician ? As if we didn,t hear enough about them when they were marginally relevent to our lives .

Jessica6's picture

That I don't care about. But you can bet every single public library, school and college library in North America will purchase multiple copies of it. Taxpayers will foot the bill.

mkkby's picture

They should just print a few dozen copies. Soros, Pelosi and a few SJW fags can have one. Nobody else cares.

It's just about paying him off for 8 years of pushing globalization and what makes money for the banksters, MIC, health care monopolies, media and big oil. Congrats to the kenyan nigger for doing god's work, meaning zionists.

Bumpo's picture

Maybe the Obama's can finally pay for Michael's penis removal surgery. Oh, wait. He probably actually wants to keep that. My bad.

Offthebeach's picture

Every butch lesbian librarian will order 8 of them in every town, school, college.   Plus the Saudi Embassy will buy 10 million copies.

SoDamnMad's picture

But dis be a kollecters item one day dey say and woorth a bunch a money for my kids.

End I bot if wiff my EBT kard so I don't really kost me much. Maybe nex monf I buy me anodder copy.

chumbawamba's picture

I doubt there are 60 million people who would even pay a dollar for his book.

I am Chumbawamba.

Save_America1st's picture

The Venezuelan's might pay a buck for it...but those pages won't get read....they'd get wiped!