Former President Obama and former First Lady Michelle Obama are raking in millions of dollars.
From book deals and a Netflix contract, the Obamas are getting more than $100 million.
The New York Post reports:
In addition to a $65 million book advance and an estimated $50 million deal with Netflix, both of which she shares with husband Barack Obama, the former first lady is poised to rake in millions from appearances on her 10-city US tour and sales of merchandise connected to her autobiography.
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Speaking fees are also a revenue generator for the former occupants of the White House.
The story adds the former president gets $400,000 for each speech while his wife got $225,000 for a recent speech.
Moreover, the former president gets $207,800 annual pension.
Michelle is currently on a book tour for her new book “Becoming.”
We’re finally here! I hope that this book might help each of you embrace the beauty of who you are, and I wish you all the best in your own process of becoming. https://t.co/tOEk59nT71 #IAmBecoming pic.twitter.com/1VD6nCZN41
— Michelle Obama (@MichelleObama) November 13, 2018
The former first lady got a big boost for her book sales from an interview with Oprah:
Seeing all your comments on social & feeling the love that you all have for Michelle. I couldn’t agree with you more, so I’m GIVING you more. Watch the EXTENDED version of our conversation TOMORROW w/some never-before-seen moments. Streaming on my Facebook page 11aET #IAmBecoming pic.twitter.com/iXM9GryZZg
— Oprah Winfrey (@Oprah) November 17, 2018
The Obamas have translated political popularity into a money-making machine.
