Wednesday, March 1, 2017

Thank You Janet Yellen: Bidding War Hits $60 Million for Joint Deal; Barack and Michelle Books

The bidding war over a book deal with Barack and Michelle Obama has skyrocketed to more than $60 million, reports The Financial Times.

The Obamas are writing separate books but selling the rights jointly.

Penguin Random House,  HarperCollins and Simon & Schuster are all participating in the bidding war.

According to FT, Penguin Random House, paid $15m for the rights to Bill Clinton’s 2004 memoirs My Life when he left the White House, while George W Bush made an estimated $10m from his book Decision Points, which was published by Crown.

The money supply has climbed from $4.9 trillion when Clinton left office to the present $13,3 trillion, which is certainly helping a lot in the record bidding war.



  1. I wonder how much of his wealth is he going to share? Probably not too much of it.

  2. "I do think at a certain point you've made enough money.". -- Obama

    "But I don't want the folks who created the mess to do a lot of talking. I want them to get out of the way so we can clean up the mess. I don't mind cleaning up after them, but don't do a lot of talking." -Obama

    Someone doesn't practice what they preach.

  3. How many of the fools that voted for Obama are functionally illiterate? Seems like a money pit for the publisher.