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Joe Biden has been cashing in since leaving the Oval Office.
The Wall Street Journal reported that Joe Biden sold his presidential memoir to a publisher for $10 million.
The number may sound high, but it’s significantly lower than the deals Barack Obama and Bill Clinton received.
The New York Post shared more details on the deal and how it compares to previous presidents:
Former President Biden has sold his presidential memoir for a $10 million advance – far less than the lucrative deals won by the Obamas and Bill Clinton, according to a report.
Biden, 82, made a deal with Hachette Book Group for an advance of around $10 million, people familiar with the matter told the Wall Street Journal.
The book’s publisher, Hachette’s Little, Brown & Co., has not yet set a publication date.
Former President Barack Obama and former first lady Michelle Obama, meanwhile, sold the rights to their memoirs to Penguin Random House for a record-breaking $60 million in 2017.
Alfred A. Knopf, which is owned by Penguin Random House’s parent firm Bertelsmann, paid $15 million for former President Bill Clinton’s 2004 memoir “My Life.”
President Trump did not publish a presidential memoir after his first term.
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