J.K. Rowling Net Worth of staggering $1 billion seems sliding down leading to the author of the hit "Harry Potter" to be removed from the world's billionaire's club as reported by The Telegraph. Earlier, the Celebrity Net Worth states that J.K. Rowling Net Worth is $1 billion.
What happened to J.K. Rowling Net Worth?
Apparently, J.K. Rowling Net Worth may have been affected by some factors that led to her diminishing net worth. On Wednesday, Forbes magazine stated that J.K. Rowling Net Worth was affected by Britain's high tax rates and some other factors.
In 2011, J.K. Rowling was lined up among the richest women in the world. The Richest has also previously declared that J.K. Rowling Net Worth is $1 billion as of April 2014. And for this reason, she is hailed as the richest author in the world.
However, her fortunes had lessened that the highly acclaimed author would no longer belong to the world's billionaire. It seems that, J.K. Rowling Net Worth was affected extremely as more billionaires climbed up on the spot.
The world billionaires totaled to 1,126 that recorded a merged fortune of $4.6 trillion (£2.9 trillion) despite global crisis. One of British billionaires, Duke of Westminster pulled down J.K. Rowling Net Worth with his astounding worth of $11 billion or £7 billion.
Forbes has also mentioned that J.K. Rowling Net Worth was also affected by her charity giving. Ampp3d reports that the Harry Potter author donated the £101 million to charities and philanthropic causes. that made a heavy knock on her bank balance.
J.K. Rowling Net Worth of $1 billion came from the royalties she is receiving from her books and from the Harry Potter franchise.
Harry Potter brand is said to be worth $15 billion. The film Harry Potter was the highest-grossing film series of all-time that recorded world box office sales of $7.7 billion. Harry Potter brand is also scattered in merchandise, films, books and amusement park at Universal Studios in Orlando, Florida.
J.K. Rowling is the first author to gain the position as the first ever author to achieve $1 billion net worth. J.K. Rowling was born in Yate, Gloucestershire, England. She wrote her first novel, "Harry Potter and the Philosopher's Stone" in 1990 and finished in 1995.
Harry Potter written by J.K. Rowling is composed of seven highly demanded novels that are translated into 77 various languages. It made over 400 licensed products, eleven video games and eight worldwide hit movies.
This week, J.K. Rowling released a free short story of Harry Potter, the first series since 2008 that can be accessed online at Pottermore website.
For sure J.K. Rowling would be writing more of Harry Potter series that could pushed back J.K. Rowling Net Worth to billion worth.
Aside from the earnings J.K. Rowling is receiving from Harry Potter, part of J.K. Rowling Net Worth also comes from her other written book "The Casual Vacancy" where she received £3m advance to write the story.
Do you think J.K. Rowling Net Worth could climb up by next year? Would she retrieve her title as one of the first author to be in the world's billionaire's club?
