TriggerFinger


What makes the Obamas worth hundreds of millions?


New York PostBarack and Michelle Obama are raking in the cash, thanks to the influence of a former campaign supporter.

The couple last week signed a creative production deal with Netflix that one entertainment-industry source said could be valued at more than $50 million.

The contract comes a year after the Obamas inked a joint book deal with Penguin Random House valued in excess of $65 million. The first of the deal’s planned books, Michelle Obama’s memoir, “Becoming,” is due out in November.

Ironically, the talks come at a steep price. After a speech at a health-care conference sponsored by Wall Street firm Cantor Fitzgerald in September, Obama reportedly took home $400,000.

In addition to raking in millions, the former first couple has been involved in fund-raising for the Obama Foundation, which is developing a $500 million presidential center and library in Chicago.

They signed a deal with Netflix for $50 million to produce TV shows. What experience and skills do they have producing TV shows? Zero. On the other hand, Obama has experience writing books... or at least having them ghostwritten. Fictional autobiographies, specifically. So Michelle Obama's memoir is at least in a field the Obamas know well. But how many copies of her autobiography do they expect to sell? It's not like Michelle Obama accomplished anything significant while in office.

I'm not saying the government should step in to stop them making money hand over fist. I'm just questioning why people are giving them all that money. Could it be... delayed payment for considerations delivered while office?

This entry was published Mon May 28 09:03:32 CDT 2018 by TriggerFinger and last updated 2018-05-27 22:51:31.0. [Tweet]

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