Why Bestselling Authors Don't Become Instant Millionaires

Traction Roadmapping - Direct One-time Business Models

Harry Potter author J.K. Rowling, with a net worth of around USD 1 billion, is the richest author in the world as of September 2023.

First, she’s an extreme outlier. Next, you can probably guess that most of her net worth didn’t come from books alone — especially when you factor in that she reportedly received royalties of approximately 15% for each boo…