J. K. Rowling Is No Longer a Billionaire


Mar 10, 2012

Posted by: Mel | Comments

J.K. Rowling

J. K. Rowling isn’t a billionaire any longer due to the fact that she has given a reported $160 million to various charities and, of course, to her taxes:

The billionaires club has hit J.K. Rowling with a banishing spell. According to the newly updated Forbes Rich List, the Harry Potter author has gone from billionaire to millionaire
(several hundred times over, of course). She apparently broke a few
rules of how to stay rich by giving away a lot of her fortune ”
reportedly $160 million of it ” to charity and by paying her top-rung
British taxes.

There’s no way that the socially minded
Rowling, who once lived on welfare, gives two Quaffles about her
standing on the list, and no one should shed a tear over a
stratospherically rich woman becoming slightly less so. But I always
liked knowing that an author of imaginative, timeless,
honest-to-goodness books became a billionaire.

You can read the rest of the article here.

The Leaky Cauldron is not associated with J.K. Rowling, Warner Bros., or any of the individuals or companies associated with producing and publishing Harry Potter books and films.