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May 18, 2010

Obama continues to strike it rich with books

bo obama

Disclosure forms released by President Obama this week shed a little more light on the financial benefits of being an author -- if your address happens to be 1600 Pennsylvania Avenue. In addition to book royalties, Obama's form for 2009 listed a $225,000 advance for a YA version of "Dreams from My Father."

Obama had previously released his 2009 income tax return, which showed that royalties from "Dreams from My Father" totaled about $3.3 million, and those from "The Audacity of Hope" totaled $2.3 million. By comparison, his salary as president was $400,000.

One other tidbit from the disclosure forms: Bo, the Portuguese Water Dog that the Obamas received as a gift from the late Sen. Edward Kennedy and his wife, was valued at $1,600. But how can you put a price on cute?


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Posted by Dave Rosenthal at 10:53 AM | | Comments (1)
        

Comments

Wow...clearly having the White House as an address is helping Obama clean up. I wonder what other struggling writers think of this...

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About the blogger
Dave Rosenthal came to The Baltimore Sun as a business reporter in 1987 and now is the Maryland Editor. He reads a wide range of books (but never as many as he'd like), usually alternating between non-fiction and fiction. Some all-time favorites: A Confederacy of Dunces by John Kennedy Toole; Wind, Sand and Stars by Antoine de Saint-Exupery; and anything by Calvin Trillin or John McPhee. He belongs to a book club with a Jewish theme.
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