Do people that have popular blogs make lots of money from them?

Lately I have been enjoying looking at blogs. Craft blogs, home renovating blogs, decoating blogs, cooking blogs – it seems there are blogs for everything. I see they have links to advertisers and suppliers. I enjoy looking at the photos and reading the text.

Do the people that have their own blogs make a lot of money from them? If you’re wondering what I mean when I say “lots of money” I mean enough to quit a full time job and live comfortably -meaning paying all their bills with some left over.