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The same media elites are are eternally suspicious of all Trump business activities -- a fair topic for investigation -- have generally demonstrated a dramatic incuriosity about the Barack and Michelle Obama wealth boom. Whatever coverage bubbles up comes with a You-Go-Guys tone. Last August, TMZ reported the Obamas were buying a $15 million mansion on Martha's Vineyard. Non-Fox network coverage? Zero. In December, they actually bought said mansion for $11.75 million. Non-Fox network coverage? Again, zero.
Now Joe Pompeo at Vanity Fair is addressing the Obama Boom in a chirpy piece on the "Obamoguls" and how their wealth is "Propelled by still-potent political hope." Here's how NBC media reporter Dylan Byers summed it up in his Byers Market newsletter:
Barack - Michelle - Obama - Movies - Shows
"Barack and Michelle Obama [are] making movies and shows for Netflix, podcasts for Spotify, best sellers for Penguin Random House, mega-events for Live Nation — and making themselves super rich along the way," Vanity Fair's Joe Pompeo writes in a deep dive into the couple's previously reported media deals.
The numbers: "Penguin Random House reportedly paid... $65 million"... The Netflix deal "is rumored to rival their publishing payday" ... The Spotify deal is "said to be in the $10 million to $20 million range."
Picture - Former - Couples - White - House
The big picture: "Former first couples have been parlaying their White House credentials into lucrative next acts for decades... But a confluence of circumstances" — their popularity, the rise of streaming services, etc. — "makes...
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