The Obamas are set to become fabulously rich – not just well off, but fabulously rich – after President Obama leaves office, writing memoirs that will fetch in the tens of millions of dollars.
According to a New Yorker profile of Obama, Andrew Wylie, a leading literary agent, estimates that Obama could command $17-$20 million for his memoirs, while Michelle could earn an not-too-shabby $12 million, putting their potential combined take at more than $30 million.
Of course, the two also will earn millions more from speaking fees. The president is likely to hit way north of $100,000 per speech, given that Bill Clinton averages nearly $200,000 per appearance.
Of course, there’s always the chance the Obamas will forgo this windfall as a symbolic statement of their support for ending income inequality.