Republican presidential candidate Donald Trump holds up his book after holding a press conference at the Trump National Golf Club Jupiter on March 8, 2016 in Jupiter, Florida.Joe Raedle/Getty Images
Donald Trump is yet to sign a deal with a major publisher for his presidential memoir.
Trump may fear getting a smaller advance than Barack Obama, a publishing executive told Politico.
As a consequence, Trump may choose to self-publish the memoir, the exec said.
Former President Donald Trump may be circumventing major publishing houses in order to avoid the humiliation of getting a smaller advance for his memoirs than former president Barack Obama, a unnamed publishing executive told Politico.
Trump has yet to sign a publishing deal for a memoir about his term as president.
Some publishers told The Guardian in June that many major publishing companies have concerns about the likelihood of the former president pushing false and unproven claims — such as his continual assertion that the 2020 election was stolen from him — and the possible ramifications of that.
Instead, Trump has so far released a photo book of his time in the White House, for which he contributed the captions.
The book was published by Winning Team Publishing, which is run a former campaign aide and his son, Donald Trump Jr, indicating that the former president may be more willing to do business with pro-MAGA publishing ventures.
Another possibility is that he will publish the memoir himself, having recently launched his own media venture, the Trump Media and Technology Group, which he has claimed will rival traditional media outlets.
Speaking to Politico, the unnamed publishing executive speculated that the president may also be motivated by a desire not to be outdone by his predecessor in the White House, Barack Obama.
“My suspicion is Trump is self-publishing because he doesn’t want the humiliation of getting a smaller advance than he has before or anyone finding out that it is smaller than Obama’s,” said the executive.
“I imagine that’s as big a part of it as anything.”
Former President Barack Obama and his wife Michelle got a $60 million advanceEduardo Munoz Alvarez/Getty Images
Obama and former first lady Michelle reportedly secured a $60 million advance from Penguin Random House for the rights to publish their memoirs.
President Obama’s book, “A Promised Land,” broke early sales records for a presidential memoir when it was published in 2020. Prior to publishing his post-presidency memoirs, Obama had written three other books: “Dreams from my Father,” in 1995, “The Audacity of Hope,” in 2007, and a children’s book …….