Obama To Travel To South Pacific Private Island To Begin Writing Memoir

Barack Obama will be traveling to the South Pacific to work on his memoir.

Following a post-POTUS vacation at the British Virgin Islands with wife Michelle and entrepreneur Richard Branson, Barack's next vacation spot will be the South Pacific island of Tetiaroa, where he will begin writing about his eight years as the 44th President of the United States. The island was once owned by actor Marlon Brando.

Although initial reports had stated that Obama would receive $20 million for his next memoir, it turns out that he and Michelle have a joint deal with Penguin Random House, with the two books rumored to be worth $60 million.

"We are absolutely thrilled to continue our publishing partnership with President and Mrs. Obama," Markus Dohle, the chief executive of Penguin Random House, said in a statement. "With their words and their leadership, they changed the world, and every day, with the books we publish at Penguin Random House, we strive to do the same. Now, we are very much looking forward to working together with President and Mrs. Obama to make each of their books global publishing events of unprecedented scope and significance."

Penguin has published Obama's previous two bestselling books: Dreams from My Father and The Audacity of Hope.

Later on this year, Obama will be receiving the Centennial John F. Kennedy Profile in Courage Award, for a career of "grace under pressure" and "exceptional dignity and courage."

Obama will be receiving the award on the special occasion of the 100th anniversary of Kennedy’s birth, with Caroline Kennedy and her son, Jack Schlossberg, presenting the award. Along with the receiving the honor, Obama will deliver a speech at the centennial event, which will be happening on May 7 at Boston's John F. Kennedy Presidential Library and Museum.