Obamas Raking In Millions
Will this presidential election be the most important in American history?
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.
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.