J.K. Rowling's charity giving knocks her off billionaires list

The woman who weaved together the magical world of Harry Potter (netting her an estimated $1.6 million every day), is no longer a part of the billionaires' club. Forbes magazine, which last year recognized J.K. Rowling as the world's first female billionaire novelist, released an updated version of its World's Billionaires list last week with the 46-year-old notably absent.

It's not that the world is no longer is love with all-things Harry Potter (the brand itself is estimated to be worth more than $15 billion), but rather Rowling's charitable giving and taxes that have knocked her back into the millionaires' club.

"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," stated Forbes.

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