It looks like President and Mrs. Obama could make a lot of money after they leave office, and that has conservatives angry as hell.
President Obama is expected to land a book deal after he leaves office that could earn him millions of dollars. Literary agents and publishers estimate Obama and the First Lady could earn anywhere from $20 million to $45 million from book deals, according to the New York Times.
“His is going to be easily the most valuable presidential memoir ever,” Raphael Sagalyn of the ICM/Sagalyn Literary Agency told the Times.
Sagalyn added that Michelle Obama’s memoirs could also be the most valuable book by a first lady ever. Some agents have predicted president Obama will land about $30 million for a two- or three-book contract, with Michelle Obama earning a hefty sum for her own deals.
Obama is considered one of the most successful presidential authors since Theodore Roosevelt, who wrote 42 books. The president has written three books: Dreams From My Father’; ‘The Audacity of Hope’; ‘Of Thee I Sing’. For these he has earned more than $10 million.
Obama is also considered one of the most skilled speechwriters in presidential history, the Times reported, and a book following his presidency could be considered ‘timeless’.