Obamas earn €2m from best-selling books

US PRESIDENT Barack Obama’s long tenure on the bestseller list is paying off. He and his wife, Michelle, made $2.7 million (€2m) last year, nearly all of it from his books.

While the income was far more than the US median household income of about $50,000, it was far less than the $4.2m the Obamas made in 2007.

In both years, nearly all of the income came from Obama’s best-selling books. Dreams from My Father and The Audacity of Hope brought in about $2.5m in royalties last year, according to copies of the returns released by the White House on Wednesday, the federal income tax filing deadline.