Former US president Barack Obama and his wife Michelle Obama have signed book deals with Penguin Random House.
According to the Guardian, the financial terms were not disclosed for the books, for which several publishers had competed, although it was reported that bidding reached more than USD 60 million.
Earlier, fellow Democrat and former president Bill Clinton earned USD 15 million for rights to his 2004 memoir "My Life" after he left office, while Obama's immediate predecessor Republican George W. Bush reaped some $10m from his book "Decision Points".
The former president and first lady have previously published through Crown, a Penguin Random House imprint.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app