Forbes has posted their list of the best paid authors. JK Rowling is, of course, number 1 on the list!

Topping the list: J.K. Rowling, who banked a jaw-dropping $300 million over the course of the year.

Once a single mother on welfare, Rowling can now claim best-selling billionaire status thanks to her Harry Potter franchise. The adventures of the teen magician and his Hogwarts classmates took the publishing world by storm in 1998, when Harry Potter and the Sorcerer’s Stone became a bona fide hit. In the decade since, it and the six subsequent books in the series have sold 375 million-plus copies worldwide. Over on the big screen, her Potter franchise has already generated $4.5 billion at the worldwide box office–and she still has three more flicks to come.