The Obama's Ink $60 Million Book Deal

Former President Barack Obama and Michelle Obama have reportedly inked  deals for individual memoirs with Penguin Random House. “We are  absolutely thrilled to continue our publishing partnership with  President and Mrs. Obama,” the publishing house’s chief executive Markus  Dohle said in a statement Tuesday. “With their words and their  leadership, they changed the world, and every day, with the books we  publish at Penguin Random House, we strive to do the same.” The Financial Times reports  that the couple are expected to take home more than $60 million for the  memoirs. Former President Bill Clinton is believed to hold the current  record for a memoir, making $15 million for My Life. President Obama's memoir will be his fourth book, following Dreams from my Father, Audacity of Hope and the children’s book Of Thee I Sing. 

Source:  New York Daily News