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J.K. Rowling Loses Her Billionaire Status Because Of Being Too Generous

J.K. Rowling Loses Her Billionaire Status Because Of Being Too Generous

J.K. Rowling was one of the richest people in the world in 2011, but since then her fortunes have decreased to such an extent that she is no longer a billionaire. Forbes announced their yearly list of the World’s Billionaires, but the Harry Potter author’s name was noticeably absent.

She was one of 129 people to be removed from the list that year, but her reason for leaving is a little different to the normal reason. The 51-year-old author’s departure was due to her sizeable donations to charity, as well as the high British taxes she is asked to pay.

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J.K. Rowling’s Charity Work

Forbes, who have produced a yearly list of billionaires for over 20 years, said that Rowling’s declining fortune was mostly linked to her charitable giving, which has drastically lowered her bank balance. The magazine said: “New information about Rowlings’ estimated $160 million in charitable giving combined with Britain’s high tax rates bumped the Harry Potter scribe from our list this year.”

Lots of people would be sad to lose their billionaire status, but J.K. didn’t regret her decisions – in fact, she is very proud of her choices. She said:

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“You have a moral responsibility when you’ve been given far more than you need, to do wise things with it and give intelligently.”

Her words are inspirational, and many people have a newfound respect for the extremely talented writer. She is one of the very few celebrities who can actually relate to people who are struggling financially, as she was once in a similar position.

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Before Harry Potter was published the author was on benefits and struggling to make ends meet. During this time she also went through heartbreak and divorce, but she persevered and continued to put effort into achieving her dreams. At one point, she was even writing Harry Potter on free napkins in cafes. In the end, her determination paid off, and she quickly went from being an unemployed single mom to being the first billionaire author of all time.

This might have influenced her decision to give an astounding amount of money to various charities; Forbes estimate that the Harry Potter mastermind has given away $160 million to charity so far. Her main beneficiaries are charities that help single parent families; they offer free childcare facilities and they help single parents to find employment or enter education.

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She also gives to other charities that are linked to children’s welfare, illiteracy, poverty and multiple sclerosis. She has also written three books for charity; “Fantastic Beasts and Where to Find Them,” “The Tales of Beedle the Bard” and  “Quidditch Through the Ages” and “The Tales of Beedle the Bard.” These books alone have raised almost $30 million for various charities, which is pretty impressive.

Because of her charity work, J.K. Rowling is now a millionaire instead of a billionaire. She may no longer be on the Forbes list, but her generosity has changed the lives of thousands of people, which many people would agree is far more important. She truly is an inspiration; if everyone was as generous as she is, the world would be a much better place. Thank you, J.K. Rowling!

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Amy Johnson

Freelance writer, editor and social media manager.

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Last Updated on October 18, 2018

50+ Best Motivational Quotes To Prepare You For Any Challenges In Life

50+ Best Motivational Quotes To Prepare You For Any Challenges In Life

Life is filled with highs and lows —happiness and struggles that will test your resilience and integrity, push you to overcome challenges and leave you with lessons that will make you even stronger on your way up.

It’s the way you feel and think about yourself, including your expectations and beliefs about what is possible to you, greatly determines everything that happens to you.

It all starts with your thoughts. When you change your thoughts, you transform the quality of your life. (Right, Nancy’s story is a typical example!)

Below is a list of the best motivational quotes to inspire you to start your day with a blast:

Quotes for self-assurance

1. Don’t downgrade your dream just to fit your reality, upgrade your conviction to match your destiny.

    2. You are braver than you believe, stronger than you seem and smarter than you think.

      3. You are confined only by the walls you build yourself.

        4. The man who has confidence in himself gains the confidence of others

          5. You attract what you are, not what you want. If you want great, then be great.

            6. It’s not who you are that holds you behind, it’s who you think your are not.

              Quotes about positivity

              7. Stop being afraid of what could go wrong and think of what could go right.

                8. You should never regret anything in life. If it’s good, it’s wonderful. If it’s bad, it is experience.

                  9. Falling down is an accident, staying down is a choice.

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                    10. If you have the power to make someone happy, do it. The world needs more of that.

                      11. Always believe that something wonderful is about to happen.

                        12. Don’t be afraid to give up the good and go for great.

                          13. Remember that life’s greatest lessons are usually learned from worst times and from the worst mistakes.

                            Quotes for work and success

                            14. Don’t talk, just act. Don’t say, just show. Don’t promise, just prove.

                              15. Never stop doing great just because someone doesn’t give you credit.

                                16. Discipline is doing what needs to be done, even if you don’t want to.

                                  17. Work while they sleep. Learn while they party. Save while they spend. Live like they dream.

                                    18. The key to success is to focus our conscious mind on things we desire, not things we fear.

                                      19. Never apologize for having high standards, people who really want to be in your life will rise to meet them.

                                        20. If it doesn’t challenge you, it won’t change you.

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                                          21. Never give up on a dream just because of the time it will take to accomplish it, time will pass anyway.

                                            22. Don’t fear failure. Fear being in the exact same place next year as you are today.

                                              23. A hill is just another opportunity to leave your competition behind.

                                                24. Don’t quit. You’re already in pain. You’re already hurt. Get a reward from it.

                                                  25. Hustle until you no longer need to introduce yourself.

                                                    26. You didn’t come this far only to come this far.

                                                      27. Be selective in your battles for sometimes peace is better than being right.

                                                        28 If we keep doing what we are doing, we’re going to keep getting what we’re getting.

                                                          29. You will never know your limits until you push yourself to them.

                                                            30. Do what you have to do until you can do what you want to do.

                                                              31. The man on top of the mountain didn’t fall there.

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                                                                32. If your dreams don’t scare you, they are not big enough.

                                                                  33. If you can’t handle stress, you won’t manage success.

                                                                    34. Don’t be pushed by your problems, be led by your dreams.

                                                                      35. Don’t mistake silence for weakness. Smart people don’t plan big moves out loud.

                                                                        36. Simplicity is the ultimate sophistication.

                                                                          37. Obsessed is the word the lazy use to describe dedicated.

                                                                            38. You become who you spend your time with.

                                                                              39. Be stubborn about your goals and flexible about your methods.

                                                                                40. Hard work beats talent when talent doesn’t work hard.

                                                                                  41. If you don’t build your dreams, someone else will hire you to build theirs.

                                                                                    42. Between stimulus and response is our greatest power –the freedom to choose.

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                                                                                      43. What comes easy won’t last, what lasts won’t come easy.

                                                                                        44. Don’t limit your challenges, challenge your limits.

                                                                                          45. Work until your idols become your rivals.

                                                                                            Quotes about money

                                                                                            46. Formal education will make you a living. Self-education will make you a fortune.

                                                                                              47. I create new enemies every day, it’s called business.

                                                                                                48. When you have a Million Dollar vision, don’t surround yourself with 1 cent minds.

                                                                                                  49. You can’t get rich thinking poor.

                                                                                                    50. Doing what is comfortable is rarely profitable.

                                                                                                      51. If you can count your money, work harder.

                                                                                                        If you find yourself feeling lost and frustrated, it’s never too late to change things up. Check out this guide:

                                                                                                        How to Start Over and Reboot Your Life When It Seems Too Late

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