You can add “world-renowned author” to the list of things Michelle Obama has achieved. Rich too. In 2017, Penguin Random House shelled out $65,000,000 in a joint publishing deal for herself and her husband, Barack Obama — whom they’d worked with before — according to the Financial Times. “We are absolutely thrilled to continue our publishing partnership with the president and Mrs. Obama,” said the publisher’s chief executive. “With their words and their leadership, they changed the world.” Although their $65,000,000 advance was reportedly one of the highest payouts in publishing history, it seems Penguin Random House made a smart investment from Michelle’s success alone.
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Since signing this deal, Michelle has most notably released her memoir titled “Becoming.” The popular title has sold over 17 million copies as of July 2022, according to The Hollywood Reporter. Michelle has also released a second book called “The Light We Carry: Overcoming in Certain Times,” which wasn’t released under her and Barack’s previous deal. You know what that means! Someone cut Mrs. Obama another hefty check. And one can assume she didn’t come cheap. By the way, “The Light We Carry” has since become a New York Times and USA Today bestselling book. No wonder the Obamas can live such lavish lives.
