Obama May Snag $20 Million Advance For Memoir

Obama May Snag $20 Million Advance For Memoir

Barack Obama may secure a serious coin for his memoir. Esther Newberg, co-head of ICM Partners’ publishing unit, predicts that the former President may snag an advance of $20 million or more.

There’s no doubt Obama’s memoir will go for more than any president’s has ever gone.

President Barack Obama

Washington lawyer Bob Barnett is rumored to be repping Obama. Cody Keenan, former White House director of speechwriting, will help pen the memoir. Obama published a memoir in1995 titled, Dreams of My Father. In 2008, he published The Audacity of Hope.

Michelle Obama

Obama’s wife, former first lady Michelle Obama, will also pen a memoir. It’s widely speculated that she’ll make more than the $8 million Hillary Clinton got in 2000 for her memoir.

In 2010, George W. Bush got $7 million for his memoir and Bill Clinton got $15 million — a presidential record — for 2001’s My Life.

Photo: Pete Souza

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