President Obama has made more than a tidy $15 million from his books since he published his first – Dreams from My Father – in 1995, and now he’s set to earn another $15 to $20 million – or even more – from his forthcoming presidential memoir, top publishing insiders tell DailyMail.com.
And high-ranking publishing insiders are talking at least another ‘$20 million’ in an advance paycheck for First Lady Michelle Obama‘s long-awaited – and highly anticipated – memoir about her eight White House years.
A source claims she’s been quietly working on her book already.
‘Michelle’s more popular and likable than Barack – and definitely more salable,’ one top acquisition editor tells DailyMail.com, ‘so she’s likely to garner an even bigger advance than the president.
‘If I jump into the bidding, I’d definitely offer more for her story than his.
‘He’s a known quantity, she’s the golden goose with the best dishy stories about her White House life. And I think she can be very catty.’
As The Wall Street Journal points out, ‘Michelle Obama’s talents as a memoirist are so far untested, but with a 59 percent approval rating … she is one of the most well-liked figures in American public life.