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Monday, August 23, 2010

Top 10 Highest-Paid Authors

Forbes In Pictures: The Top 10 Highest-Paid Authors. The good news is three of the authors are on the list with "children's books" - two almost exclusively. No surprise they are J.K. Rowling (Harry Potter) and Stephanie Meyer (Twilight). (I supposedly write like her!)

     But before you run out to write a kids book thinking you'll hit it rich - here are some statistics you might want to consider:
"81% of the population feels they have a book inside them . . .
20% would do a picture book, cookbook, etc.
6 million have written a manuscript.
6 million manuscripts are making the rounds.
Out of every 10,000 children's books, 3 get published."
- Jerrold Jenkins. 15 May 99.
A common misconception is that all published authors must be rich. So, is there money in it? The stats are as follows. In all the arts:
3% make the 'big bucks' (these are the creators most people have heard of).
12% make enough to live on (and boy is that relative).
85% make under $10-12k a year.
     I'll let you guess where I fall on that scale, but let's just say I'm not laying on a beach in Morocco with my private body guards...
     Here's another way to look at it. Think about how many people play pro-basketball or pro-football. Now (considering you're not a way crazy fan) think of how many you can name off the top of your head. Um, yeah.
     Thanks to Nathan Bransford for the Forbes link.


Vicky Alvear Shecter said...

Sigh. I somehow feel both proud and discouraged at the same time! Proud that I got published, discouraged that such a small number of names/writers dominate the bestseller lists!

Elizabeth O. Dulemba said...

Well, they only chose the top ten. There might be dozens more making 6 figures a year. Might be.

Probably not.


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