Obama family has become a multi-million brand

It looks like the Obamas could become billionaires—not just as a married couple or the country's former first family, but as a brand. The release last week of Michelle Obama's memoir, Becoming, is just one of the latest signs of the incredible wealth that is soon to come for the couple.

Photo: instagram.com/MichelleObama

In addition to an advance of 65 million dollars and a 50 million dollar deal with Netflix, which Michelle shares with her husband Barack Obama, the former first lady is ready to receive millions from performances in her 10 promotional tour to US cities, as well as the sale of goods, related to her autobiography, notes New York Post.

Like her husband, Michelle Obama is now in high demand as a speaker for corporations and non-profit organizations: her appearance alone costs 225 thousand dollars.

Forbes estimates the couple's net worth at $20,5 million in salaries and book royalties between 2005 (when Barack Obama became a U.S. senator and they first arrived in Washington) until 2016. Now the Obamas are worth more than $135 million. And that figure doesn't include the cash they make from public appearances.

In October, 2017, Michelle Obama was the keynote speaker at the Pennsylvania Conference for Women, a non-profit event that promotes the idea of ​​education and networking. In Philadelphia, Obama conducted an interview on stage with a Hollywood producer and writer Shonda Rimes for an audience of thousands of people at 12.

According to Harry Walker's New York news agency, which sells Michelle's speeches, she earned 2017 thousands of dollars at a conference in Pennsylvania in 225.

Barack Obama is now receiving $ 400 000 per speech and earned at least 1,2 million dollars in three appearances for Wall Street firms in 2017. These fees exceed the annual presidential pension in the amount of 207 800 dollars, which he began to receive as soon as he left his post.

A few months after leaving the White House, the former president agreed to speak at a health conference organized by financial services company Cantor Fitzgerald, adding a fee for this speech to 800 000 dollars, which he earned in two speeches at Northern Trust Corp. and the Carlyle Group.

“Becoming,” as experts now predict, may well turn into an international bestseller. In this book Michelle Obama reveals the details of his personal life, such as visiting counseling for couples that she went to with her husband, and also talks about the painful inner struggle after she had a miscarriage. Michelle Obama describes how she and her husband continued to go toward the goal and conceived their two daughters by in vitro fertilization.

In addition to the United States, the book was released in Australia, Ireland, South Africa, Great Britain, India and New Zealand. It will also be published in 25 languages ​​around the world, according to a press release from Penguin Random House.

Becoming was selected for Oprah Winfrey's famed book club, a move that catapults many authors and their works into mega-bestseller status.

Tickets to “A Conversation with Michelle Obama” at sports venues across the country have also become a hot commodity.

Prices for Obama's appearance at Barclay's Brooklyn Center next month range from $307 to $4,070, which includes a photo with Michelle Obama and a signed copy of "Becoming."

In addition to cash from speaking engagements and book sales, Obama is selling 25 different book-related items designed to inspire readers. Items include T-shirts and sweatshirts, a “Find Your Voice” mug for $20 and “Find Your Flame and Keep It” candles, which sell for $35 each. 10% of proceeds from sales will go to the Global Girls Alliance, an initiative of the Barack Obama Foundation to provide education to teenage girls around the world.

Barack Obama also donated some of the money from his three bestsellers to charity.

According to Forbes, he donated $392 in royalties from the children's book I Sing of You: A Message to My Daughters to the Fisher House Foundation between 2009 and 2015. The non-profit organization supports veteran families.

Obama received a total of $8,8 million for The Audacity of Hope, published in 2006, and the children's book, which was released in 2010. He also earned nearly $7 million for his book Dreams from My Father.

In addition to multimillion-dollar literary profits, the couple intends to reap the fruits of creative collaboration - from the deal, which they concluded with netflix at the beginning of this year.

The multi-year, $50 million deal calls for Obama to "produce a diverse mix of content, including potential for scripted series, docuseries, films and features" that will air in 190 countries, according to a statement from the video streaming service with 125 million subscribers worldwide. to the world.

Read also on ForumDaily:

Warren, Bloomberg, Saunders and more: the start of a new US presidential campaign

What feeds the presidents and ordinary Americans the oldest restaurant in the USA

How inside looks like a presidential plane. A PHOTO. VIDEO

Trump called the biggest mistake in US history

Washington Post talks about the 'Russian House' inside the CIA 

The White House: The History of the American Symbol

Like Bill Gates, Mark Zuckerberg and other successful people start their day.

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.