March 19th, 2009
05:53 PM ET
11 years ago

A profitable 2008 for Obama

Obama raked in $2.5 million in book royalties during 2008.

Obama raked in $2.5 million in book royalties during 2008.

(CNN) - As he campaigned for the White House in 2008, President Obama raked in millions of dollars in book royalties, according to recently filed Senate disclosure forms.

The president earned close to $2.5 million last year from royalties from 2006's The Audacity of Hope and 1995's Dreams from My Father, according to his Senate disclosure forms, filed with the Secretary of Senate's office earlier this week.

The Audacity of Hope - first published in paperback last summer - earned him $1,512,933, while Dreams of My Father earned $950,000.

An attachment to the disclosure form also reveals Obama agreed to a $500,000 advance days before his inauguration for an abridged version of Dreams from My Father "suitable for middle grade or young adult readers."

The president has also agreed to pen a non-fiction book for the Crown Publishing Group after he leaves office. A dollar figure on that advance has not been worked out.

Filed under: President Obama
soundoff (131 Responses)
  1. Sherry

    John March 19th, 2009 4:56 pm ET

    He better not be writing his book on my time and dollar. The fool is going on Leno and filling out brackets, and lets the country fall apart.

    "Fall apart," John - you mean the country had fallen apart PRIOR to his taking office. Have you ever had to clean up someone else's mess? If not, then you don't have a clue.

    March 19, 2009 05:20 pm at 5:20 pm |
  2. NotSoDull

    Hey – I don't like him, I didn't vote for him. But if he wrote books that are making money, it is his money. Don't worry, he will raise taxes on himself too. You can be sure that I wouldn't buy one for .01

    March 19, 2009 05:20 pm at 5:20 pm |
  3. D SUS

    I have a comment about what?!?! At least he didn't make his money from shady oil wars and backhanded arms deals. But, I would never accuse anyone in particular of that.

    March 19, 2009 05:21 pm at 5:21 pm |
  4. ck

    Not to mention insuring his wife got a fat paycheck too...

    In 2005 the hospital raised her salary from $120,000 to $317,000 – nearly twice what her husband made as a Senator.

    Oh did I mention that her husband had just become a US Senator? He sure had. Requested a $1 Million earmark for the UC Medical Center where she worked.

    LOL.... There's your change people!!!

    March 19, 2009 05:22 pm at 5:22 pm |
  5. sherey

    The whole point of writing a book is hoping that everyone will enjoy reading what one has to say and, of course, earn money. Emphasis on *earn*!

    March 19, 2009 05:22 pm at 5:22 pm |
  6. Ian

    Bush lied and people died, yet obviously to some he was a good president. None of you GOPers brainwashing has worn off from the past eight years. Its hard to imagine that our leader should be smart articulate people. Why is it ok for Bush to be on vacation 40% of hs time in office and receive tax payer funded salary, yet for Obama to write a book and make money from sales, not tax money, is wrong and he should be investigated and hes a dictator and all. Oh and whoever compared Obama money with McCains, that is a very poor comparison. For one Obama made 2.5 mill last year, McCain is worth over 100 million drastically different. Also Obama MADE his money. Few repubs have, McCain is rich because of his wife, Bush was rich because of his dad. Moral of this story: if you are an articulate driven leader who is either a democrat or a black man you are not allowed to make money, but white republicans just have money and thats ok. You just better not earn it.

    March 20, 2009 12:54 pm at 12:54 pm |
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