Big Book Contracts Await the Obamas

President Obama and his wife, Michelle could sign post-presidency book contracts for what literary agents and major publishers say could amount to $20 million to $45 million, the New York Times reports.

“Mr. Obama’s three books — Dreams From My Father, The Audacity of Hope and Of Thee I Sing — have sold more than four million copies, according to publishing lists, and earned him more than $10 million.”

“Publishers hope that Mr. Obama’s writing ability could make his memoir not only profitable in its first years but perhaps for decades to come. Among presidential memoirs, only the one by Ulysses S. Grant, published in 1885, is considered by many historians to be timeless.”