Way back in April, D.C. Whispers was the only place to find information on a then-in-the-works media deal being pieced together by various funding sources to the Obamas for a job well done:
Barack Obama Said To Be Negotiating $25 MILLION+ Book Deal
The New York Times has just confirmed that months-earlier D.C. Whispers report.
Lucrative Book Deals Might Finance the Obamas’ Post-White House Life
All of those goals, serious or not, might soon be achievable if Mr. Obama and his wife, Michelle, sign post-presidency book contracts for what literary agents and major publishers say could amount to $20 million to $45 million — more than enough to pay the estimated $22,000 per month rent for the nine-bedroom home they will occupy in the Kalorama neighborhood of Washington and foot the bill for flights on private jets.
“His is going to be easily the most valuable presidential memoir ever,” said Raphael Sagalyn of the ICM/Sagalyn Literary Agency, who predicted that Mr. Obama could earn as much as $30 million with a two- or three-book contract. “
And the books deals are just the beginning of the lucrative post-presidency money trough that awaits Barack and Michelle Obama. It will be a multi-faceted operation that will include paid speeches both in America and abroad, a still-in-the-works public school curriculum component that is alleged to feature the by then former president prominently, and “humanitarian” works that will very much be in the mold set by the now infamous (and highly lucrative) Clinton Foundation.
Some critics scoffed at the earlier D.C. Whispers report regarding the record-breaking book deal being negotiated on behalf of the Obamas.
They aren’t scoffing now.
And don’t forget this line from that same earlier D.C. Whispers report:
“All told, the post-presidency Obama Machine could quite possibly generate income of $100 MILLION DOLLARS or more for Obama within just a few years of his leaving office.”
Bank on it.
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