Joe Biden has suffered a humiliating blow after shopping his post-presidential memoir to publishers and securing an advance far less than his predecessors.
The former president, 82, sold his presidential memoir to Hachette Book Group for around $10million, The Wall Street Journal reported on Wednesday.
The monetary figure is likely to be disappointing for the Bidens, given Barack and Michelle Obama inked a deal worth an estimated $65million for their memoirs.
And Bill Clinton secured $15million for his memoir ‘My Life’ more than 21 years ago. The book was released in 2004.
President Trump opted not to publish a memoir after his first term in office.
It is understood Hachette has not yet locked in a publication date for Biden’s memoir.
The 82-year-old has been hard at work detailing his White House years, writing at his home office in Delaware and his post-presidential office in Washington D.C.
He said at an event earlier in July that he was ‘working my tail off’ to get the memoir finished, indicating it would primarily focus on his four years in office.
Joe Biden has suffered a humiliating blow after shopping his post-presidential memoir to publishers by securing an advance far less than his predecessors
The $10million sum coul come as a blow to the couple after insiders told the Daily Mail a joint book deal with Joe and Jill could have been worth as much as $30million
Creative Artists Agency represented Biden for the deal, having also penned the deal for his No. 1 bestselling memoir in 2017 ‘Promise Me, Dad: A Year of Hope, Hardship and Purpose.’
That book focused on Biden’s relationship with his oldest son Beau, who died of brain cancer in 2015.
Readers looking to purchase his latest book will likely be eager to glean new details about his cognitive health during his White House years, as well as information about his prostate cancer diagnosis and the fallout with other Democrats which led to his decision to drop out of the presidential race with Donald Trump.
Biden has faced immense scrutiny about his health and whether there was a cover up during his final years in office.
He has been forced to defend himself and his staff against Trump’s repeated claims that staffers were actually running the show as Biden struggled to keep up.
The $10million sum could come as a blow to the couple after insiders told the Daily Mail a joint book deal with Joe and Jill could have been worth as much as $30million.
The offer, however, would have been contingent on Jill, who, experts say, could be worth $15 million alone.
Jill Biden kept a diary during her White House years, so she has plenty of memories to draw upon.
‘She could write a very explosive book if she wanted to,’ a former White House aide told the Daily Mail.
Bill Clinton secured $15million for his memoir ‘My Life’ more than 21 years ago. The book was released in 2004
The monetary figure is likely to be disappointing for the Bidens, given Barack and Michelle Obama inked a deal worth an estimated $65million for their memoirs
The former first lady likely would have been required to reveal what she saw happen in regards to her husband’s cognitive health, the hours after his disastrous presidential debate with Donald Trump, and the details behind his decision to exit the 2024 race.
There were questions about whether she would go scorched earth on the Democrats, writing scathing takedowns of Barack Obama, Nancy Pelosi, George Clooney, Chuck Schumer and all the other Democrats who privately and publicly urged Biden to step down.
And she has long been said to have a grudge against Kamala Harris.
Her thoughts on the actions of the party’s powerful, along with details about the family’s discussions surrounding the 2024 presidential campaign, could have made for a powerful best seller.
‘She’s his grudge-holder for sure, and there are definitely plenty of people she will never talk to again, but it’s unlike her to take public swings at specific individuals or lay blame. It’s just not her style. That’s what is going to sell books, though,’ a former Biden aide said.
Hunter Biden is around $15 million in debt from his legal fees from several federal cases, along with lagging sales of his art and his memoir, sources previously told the Daily Mail.
