JK Rowling is among the many world's richest authors - and she or he proved that at this time coming in because the twelfth wealthiest particular person in Scotland.
The Harry Potter creator has an eye-watering fortune price £850 million in keeping with the newest Sunday Occasions Wealthy Record. That could be a £30 million bounce up for the reason that 2021 listing.
She narrowly missed out on Scotland's high 10, all of whom are billionaires. She was featured within the Scottish listing regardless of being born in England as a consequence of having lived up north for a few years, even writing her books in Edinburgh.
Regardless of having an enormous web price, The Occasions say that Rowling would have been a billionaire have been it not for her intensive charitable donations in addition to a choice to remain tax resident within the UK.
It comes as Anders Holch Povlsen, who's the proprietor of Danish retailer Bestseller and has a 25% stake in ASOS, was named Scotland’s richest particular person for 2022.
The 49-year-old has amassed a private fortune of £6.5billion - which is up by £500million in comparison with final 12 months.
Why is JK Rowling not a billionaire?
On account of charitable donations and philanthropy, Rowling not has billionaire standing.
Based on The Occasions, she is believed to have earned greater than £1 billion from her books and £200 million from Harry Potter movies franchise through the years.
Final 12 months, she donated £6.7 million to her Volant Belief, which was named after her mom and helps to fund charitable organisations and initiatives in Scotland.
She additionally gave £1 million to assist the homeless and victims of home abuse throughout the pandemic, splitting the cash between homeless charity Disaster and home abuse charity Refuge.
She dropped out of Forbes' billionaire listing in 2012, with the publication stating: "New details about Rowling’s estimated $160 million in charitable giving mixed with Britain’s excessive tax charges bumped the Harry Potter scribe from our listing this 12 months.”
The Bristol-born creator's empire consists of three amusement parks, web sites that rake in tens of millions, and naturally the globally recognised Harry Potter and Incredible Beasts franchises.
Her web price has been rising 12 months on 12 months whereas many different's fall.
Robert Watts, the compiler of The Sunday Occasions Wealthy Record, stated: “Scotland's richest folks have fared much less effectively than these elsewhere within the UK, with half of this 12 months's 10 Scottish billionaires seeing their fortunes fall over the previous 12 months."
Different wealthy Scots embody Greenock brothers Sandy and James Easdale who're former administrators of Rangers, price £1.363 billion and Anders Holch Povlsen who's the proprietor of Asos, price £6.5 billion.
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