Biden’s Memoir Deal at $10 Million

Former President Biden has secured a $10 million advance for his memoir, which is notably less than the deals made by both the Obamas and Bill Clinton.

Biden, aged 82, signed this agreement with Hachette Book Group. While the publication date remains undisclosed, he confirmed the deal to the Wall Street Journal.

In contrast, Barack and Michelle Obama sold their memoirs to Penguin Random House in 2017 for an impressive $60 million. Bill Clinton received $15 million from Alfred A. Knopf for his memoir, “My Life,” released in 2004.

Interestingly, former President Trump has not released a memoir following his first term.

Earlier this month, Biden mentioned he needed to “cut the tail” to begin writing his memoir, suggesting he might have put certain distractions aside.

His literary rights were handled by a creative agency that also facilitated the memoir “Promise Me, Dad: A Year of Hope, Heart, and Purpose” in 2017.

As for the health aspect, a Biden spokesman revealed that the former president is dealing with a significant but manageable form of prostate cancer, which might influence when his memoir comes out.

Biden has suggested that his memoir will cover his four years in office, and he has a long political career, including eight years as vice president during the Obama administration.

There were some bumps along the way, too. He dropped out of the presidential race in late July last year after facing criticism for debate performances that some deemed less than stellar.

His memoir aims to follow in the footsteps of some notable works in history. Barack Obama’s memoir, “The Promised Land,” sold 890,000 copies within its first 24 hours in the U.S. and Canada, while quick sales in a month surpassed 3.3 million. Comparatively, Clinton’s and George W. Bush’s memoirs sold 3.5 million and 4 million copies, respectively.