By Frederick H. Lowe
Former President Barack Obama and former First Lady Michelle Obama have signed book deals about their eight years in the White House reportedly for $60 million with Penguin Random House, according to several news reports.
President Obama, the nation’s first black president, and Michelle Obama, the country’s first black first lady, will each write a book for Random House, the largest general-interest paperback publisher in the world.
The details of the contract have not been released, but the rumored publication date is scheduled for fall of 2018, according to news reports.
Penguin Random House will donate one million books in Obama’s name to First Book, a PRH nonprofit partner and the Washington, D.C. partner for the 2016 White House digital education initiative, Open Books. The former first couple also will donate a significant portion of the author’s proceeds to charities, including the Obama Foundation.
In a related matter, The John F. Kennedy Library Foundation announced on Thursday that former President Barack H. Obama will receive the 2017 Centennial John F. Kennedy Profile in Courage Award for his commitment to democratic ideals and elevating the standard of political courage in a new century.
Ambassador Caroline Kennedy and her son, Jack Schlossberg, will present the award at ceremony May 7 at the John F. Kennedy Presidential Library and Museum in Boston as part of the celebration of the 100th anniversary of President Kennedy’s birth.