- JK Rowling is the world’s first author to reach $ 1 billion in net worth
- The author donated $ 160 million to charity
- The richest 1% in the world own 43.4% of the world’s wealth
British author JK Rowling, best known for writing the “Harry Potter” series, is among the richest 1% in the world given his billionaire status.
Rowling is the first author in the world to achieve a net worth of $ 1 billion, according to Celebrity Net Worth. She had amassed the enormous fortune mainly through the success of the fantasy series “Harry Potter”, which has sold over 500 million copies since 1997.
Although Rowling never spoke about her financial and business affairs, the success of the series’ first seven books, equally successful film adaptations, and several other deals have propelled her to immense wealth.
According to the Credit Suisse Global Wealth Report, the richest 1% in the world, or those with more than $ 1 million, own 43.4% of the world’s wealth.
In 2003, Rowling was on Britain’s Wealthy List, where headlines claimed she was “richer than the queen”. But despite her enormous wealth, Rowling has denied being a billionaire.
In 2012, Forbes also removed her from its billionaire list after eight years. Reports say this is because she donated a huge amount of her fortune to her own charity, Lumos, which helps institutionalized and disadvantaged children in Eastern Europe, and single-parent families, that empower single-parent households.
Rowling, a well-known philanthropist, is involved in numerous charities against poverty and social inequality, as well as charities that fight against multiple sclerosis.
To date, Rowling has donated $ 160 million to several charities, according to PolitiFact.
Besides her charity work, Rowling has also spent a good chunk of her fortune on real estate in Scotland and England. She once demolished a $ 1.3 million house near her Edinburgh mansion to build a treehouse for her children worth $ 330,000, Business Insider reported.
She also bought a $ 29 million yacht previously owned by actor Johnny Depp. She then sold the sailboat for $ 20 million.