Former President Barack Obama may receive more than $20 million in advance on his upcoming memoir.
This amount would surpass both Presidents George W. Bush and Bill Clinton, who earned $7 million and $15 million respectively, for their post-presidency memoirs, according to the Hollywood Reporter. Bush's book, Decision Points, sold 2.6 million copies, while Clinton's book, My Life, sold 2.2 million copies.
Obama's memoir is reportedly his top priority and he has employed one of his former White House speechwriters, Cody Keenan, to help with the book.
Presidential historian Julian Zelizer told the Hollywood Reporter why he believes Obama's book will do better than both Bush's and Clinton's.
"There is broader fascination with Obama, from conservatives who really hate him as well as liberals who deeply admire what he did," Zelizer said.
There is no confirmed publisher yet for the memoir, although two of Obama's books, Dreams of My Father and the Audacity of Hope, have both been published by Random House.
If former First Lady Michelle Obama writes a memoir, it could bring in more money for the Obamas than the $8 million Hillary Clinton received for her memoir.
