re: Nobody has went there but where and exactly how did Obama make his fortune?

No one ever asks how the Clintons got theirs either.

As for Obama, remember those palates of cash to Iran? Pretty easy to skim a little off the top like the mob does at casinos.

I'm sure if the public demanded to see Obama's tax returns he would supply them even out of office.

I do know someone that wouldn't tho.

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Where in the original post I responded to does it say anything about 30mil in homes?

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They bought a 9mil pad in 2014



Good grief

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Both the Obamas got a book contract from Penguin Random House for 3 books, I think, with an advance between $40-65 million, which is a crazy advance. It was certainly a gamble, but Michelle Obama's book has already outsold Barack's, selling 10 million copies by March of this year, which has already made PRH the advance back, plus more. The audiobook and e-book sales have higher royalty payouts, so the amount Michelle banked from this book is a massive figure in the book world.

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Did the person who wrote the books for them get a cut of the money?

How many billions did Obama send to that foreign country in the middle of the night?

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Wow. You really suck at this.
Good day to you.

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Not really you are just dumb as frick like always

And now he’s worth $8M.

Governor Carnahan’s son Tom here in Missouri became president of a large wind energy company.

The company got $107M in ARRA money for a wind farm that they sold 5 years later.

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Did the person who wrote the books for them get a cut of the money?

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If they had a ghostwriter, the industry standard can be anywhere from 5 to 20 percent in terms of royalty, either net or gross. There can also be an agreement for a larger fee upfront, which can vary on how the ghostwriter wants to bill. Some ghostwriters have a one time fee based on the length of the book, some do it hourly, some do it by word, some itemize the book into categories, charging separate fees for the book proposal, research, travel, expenses, word count and rewriting.

Given the size of the advance, I would speculate that if they used a ghostwriter, PRH went with someone known and trusted in the ghostwriting world, and negotiated a hefty fee. It would have been considerably cheaper, though, to edit the book in-house rather than outright pay a ghostwriter. I would lean on the idea that since the advance was among the largest in history, and the book has made so much money already, that if PRH used a ghostwriter or ghostwriters, they would have found someone who was willing to take the upfront fee without a percentage of the royalties. But given the advance, I think it's more likely they had an in-house editorial team who helped the Obamas. The first two books of Barack's were similar enough in content and tone that I'm skeptical that a ghostwriter was involved, as the editorial teams in the 90's and 2000's were much larger.