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Barack Obama May Receive A $20 Million Advance For His Post-Presidency Memoir

If you thought you wouldn’t hear from Barack Obama’s post-presidency, think again. His career is only continuing to grow. First things first is his memoir. And according to the New York Times, Obama could receive an advance of more than $20 million for his the words that grace the pages of the book.

With such a huge price tag, it also has the potential to be the largest paycheck than any other former president in U.S. history has received for a post-presidency memoir. 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. 

“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 went on to explain that believes the former POTUS could bring in as much as $30 million to write at least two books.

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.