J K Rowling Loses Billionaire Status Due To Charity Donations
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. 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....