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Thanks for Obamacare?


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2019 Sep 20, 11:07pm   948 views  2 comments

by REpro   ➕follow (0)   💰tip   ignore  

The Obamas are reportedly earning more than $65 million in this deal. That’s way more than the Clintons got.
Penguin Random House, which bought the two books, won’t discuss the numbers, but the Financial Times reports that the bidding for world rights surpassed $65 million. That number well exceeds the industry’s already-lofty expectations about the Obamas’ literary earning power: This January, literary agents and publishers predicted to Forbes that Barack Obama’s memoirs might go for as much as $20 million, and a combined Barack/Michelle book deal might net as much as $45 million.

For comparison, trade publication Publishers Lunch reports that Bill Clinton secured a $15 million advance for his 2004 memoir My Life (a record-breaking advance at the time, and roughly $21 million in 2017 dollars), while Hillary Clinton got an advance of $11.5 million for her most recent memoir, 2014’s Hard Choices. That adds up to $36.5 million, just over half of the Obamas’ advance — or $42.5 million when adjusted for inflation, so about two-thirds of the Obamas’ advance.

Standard authors royalty cut is 15%.
https://www.vox.com/culture/2017/3/2/14779892/barack-michelle-obama-65-million-book-deal-penguin-random-house

Comments 1 - 2 of 2        Search these comments

1   GNL   2019 Sep 21, 5:56am  

This is a payoff, no? How many people are there that would pay to read about narcissists?
2   clambo   2019 Sep 21, 7:26am  

Fuck them. Fuck Obamacare.

I filed for an extension because I dreaded to find out how badly I am fucked by Obamacare; the damage in 2018 was just under $9,000

I had enough income because of mutual funds in non-retirement accounts to push me over 401% of the poverty level (4x$12,000)

My total tax was worse of course; I have dropped Obamacare like a hot potato because this year the Bronze is $924/month for me. Fuck that.

Obama and his wife are making a great living from being black or half black and pretending to be black.

Michelle has had a chip on her shoulder forever and she's full of shit.

The Obamas had a negative net worth and Barack had a fucking part time job before he decided to get into politics where the easy money is to be had.

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