Michelle Obama's book is set to become the best-selling memoir in history

Barack Obama is also writing a White House memoir, which the publisher hopes will be released later this year.

March 27, 2019, 7:07 AM EDT / Source: Reuters

Michelle Obama's memoir 'Becoming' could become the biggest-selling autobiography ever, its German publisher said, expressing optimism that husband Barack's forthcoming account of his two terms as U.S. president will also be a hit.

The former first lady's recollections, for which she received a reported advance of more than $60 million from Bertelsmann's Penguin Random House division, has sold 10 million copies since it came out in November.

"That makes it our most notable creative success of last year," Bertelsmann CEO Thomas Rabe told a news conference, reporting a 2.8 percent gain in annual revenue at the 183-year-old publisher.

Barack Obama has also signed with Penguin Random House to publish his White House memoir. Bertelsmann hopes it will be published this year although no firm date has yet been set.

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