Investing.com — Kamala Harris, the soon-to-be former vice president and two-time unsuccessful Democratic presidential candidate, is receiving offers from major publishers with an advance that could be as high as $20 million, DailyMail.com reported. The offering concerns an internal White House account of President Joe Biden and his failed presidential campaign.
The news was revealed to DailyMail.com by a source close to the vice president. The source said offers from the publishing world started pouring in almost immediately after his defeat to Trump. The book is expected to provide an in-depth account of the relationship between Joe and the vice president, detailing the successes and failures within the Oval Office and his campaign.
The proposed advance is around $20 million, but could potentially be more considering other publishing royalties. The possibility of such a substantial sum is not unprecedented. For example, Barack and Michelle Obama got a joint deal from Penguin Random House in 2017 that included an advance of $65 million. In 2001, Bill Clinton received a $10 million advance.
An executive at a major liberal-leaning New York publishing house shared with DailyMail.com that the vice president, as second in command and successor to Joe Biden’s campaign following his retirement, possesses intimate knowledge of the inner workings of the administration . She was involved in all presidential decisions and can offer a full account.
The total earning potential could be even higher considering TV and film rights, serial rights for magazines and newspapers. Similar to the Obamas, who landed a lucrative deal with Netflix (NASDAQ:), the streaming giant is rumored to be interested in a deal with the vice president.
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