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Barack Obama Will Get $27M Advance To Write His Memoir

Every US president since Herbert Hoover, the 31st commander-in-chief, has published a memoir of their time in office.

A book deal for the memoirs of former US president Barack Obama is expected to set a record, with a price tag as high as US$27 million.

The US trade publication The Hollywood Reporter has tipped Obama’s recollections of his eight years in office will do brisk business once bidding opens.

The most previously paid for a presidential memoir is the US$15 million paid to Bill Clinton for his 2002 memoir My Life. (It sold 2.2 million copies.)

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