J.K. Rowling is no longer a billionaire

6:53 pm EDT, March 9, 2012

Harry Potter author J.K. Rowling is no longer a billionaire, according to a new list out from Forbes.

As noted by Entertainment Weekly, it’s likely her fortune sunk since last year after a considerable number of donations to charity (upwards of $160 million) and those nasty income taxes.

Is this an issue for Rowling? Of course not. But we’re sure projects like her new book and future Potter ventures will continue to keep her financially fruitful.

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