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.
President Biden delivers his farewell address to the nation from the Oval Office in January. via REUTERS
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.”
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