Obama Earns $3.9M in Royalties

His book sales continue to soar

By Peter Fearon,  Newser Staff

Posted Apr 16, 2008 10:08 PM CDT

(Newser) – Barack and Michelle Obama earned $4.2 million last year, mostly from royalties from Obama's two books, Dreams From My Father and the Audacity of Hope. The Obamas' newly released returns for 2007 show they paid $1.4 million in federal taxes and gave $240,370 to charity, USA Today notes. His book sales have skyrocketed since he became a national figure.

Barack Obama autographs magazines and books in Johnstown, Pa. Tax returns show he earned nearly $4M in royalties from his books last year.   (AP Photo/Alex Brandon)
Barack Obama at a book signing in Portsmouth, in 2006. Obama's two books earned him $4M in royalties last year.   (AP Photo/Jim Cole,File)
Barack Obama's two books earned him $4M in royalties last year, according to newly released tax returns.   (AP Photo/The Huntsville Times, Eric Schultz)
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