Barack Obama May Receive $20 Million For Next Memoir

Barack Obama may receive a notable payment for his next memoir.

According to The Hollywood Reporter the 44th President of the United States could receive $20 million or more for his next book release.

"There's no doubt Obama's memoir will go for more than any president's has ever gone," Esther Newberg, co-head of ICM Partners' publishing unit, said in an interview.

"There is broader fascination with Obama, from conservatives who really hate him as well as liberals who deeply admire what he did," Julian Zelizer, Presidential historian for Princeton University, added.

If Barack were to actually receive such a sum he would surpass Bill Clinton and George Bush, who received $15 million and $7 million for their respective memoirs (2001's My Life and 2010's Decision Points).

Obama gave his farewell speech two weeks ago back in Chicago, where he left his role as president with some words of encouragement.

"My fellow Americans, it has been the honor of my life to serve you. I won't stop; in fact, I will be right there with you, as a citizen, for all my remaining days. But for now, whether you are young or whether you’re young at heart, I do have one final ask of you as your president — the same thing I asked when you took a chance on me eight years ago.

I am asking you to believe. Not in my ability to bring about change — but in yours.

I am asking you to hold fast to that faith written into our founding documents; that idea whispered by slaves and abolitionists; that spirit sung by immigrants and homesteaders and those who marched for justice; that creed reaffirmed by those who planted flags from foreign battlefields to the surface of the moon; a creed at the core of every American whose story is not yet written:

Yes, we can."