President Barack Obama Strikes A Book Deal For Undisclosed Amount
President Barack Obama reportedly earned $2.5 million in book royalties last year. Needless to say, President Obama can add ‘best-selling author’ to his cred. When his presidency is completed, President Obama will somewhere along the way chronicle his White House journey, among other interesting issues. The following article is brought courtesy of the Associated Press:
WASHINGTON (AP) — President Barack Obama already has a job lined up after his presidency: writing another book.
The best-selling author reached a new book deal a few weeks before his inauguration. A financial disclosure report released this week shows Obama amended his agreement with Crown Publishing Group to deliver a new nonfiction book after he leaves office.
Obama also approved an abridged version of his book, “Dreams From My Father,” suitable for middle-school or young adult readers. The publisher is giving him a $500,000 advance for that. Obama didn’t say how much his deal for the new nonfiction book might be worth.
Obama received nearly $2.5 million in book royalties last year.
The deal was first reported by The Washington Times.
***Thank You Associated Press!***