|Net Worth||$1 Billion|
|Born||July 31, 1965|
|Country of Origin||England, United Kindom|
|Source of Wealth||Author|
What is J.K. Rowling’s net worth? Let’s find out. Do you like a good rags to riches story? Well, you’ll love the life of best-selling author J.K. Rowling. She was born Joanne Rowling on July 31, 1965, in a small town in England.
She moved to Portugal in 1990 to teach English, and it was there she met (and married) a journalist by the name of Jorge Arantes. They had their first daughter together in 1993, but sadly, their marriage didn’t work out and Rowling moved to Edinburgh with her daughter.
She struggled to try to provide for her daughter. It was around this time that she started writing the first book in the Harry Potter series, an idea that supposedly came to her while on a train a few years prior.
In 1995, she finished her manuscript for Harry Potter and the Philosopher’s Stone on an old manual typewriter. The book was submitted to twelve publishing houses, and they all rejected the manuscript. One year later, she was given a chance by editor Barry Cunningham from Bloomsbury, a publishing house in London.
According to the legend, Barry’s eight-year-old daughter read the first two chapters of the book and immediately demanded more, which led Barry to believe there was something magical about the story. Publishing House agreed to publish the book and gave her a small advance.
Additionally, Barry warned her it was nearly impossible to make money with children’s books. He didn’t expect J.K. Rowling’s net worth to explode, but it did. They published the book in June of 1997 with an initial run of 1,000 copies, 500 of which were distributed to libraries. In February of 1998, the book won the British Book Award for Children’s Book of the Year.
It led to an auction back in the United States on who would get to publish the book. Scholastic Inc. won the auction with a $105,000 bid, and in October 1998, they published the book in the US under the name Harry Potter and the Sorcerer’s Stone.
From there, Rowling’s life was changed forever. The sequel, Harry Potter and the Chamber of Secrets, was published in 1998, followed by the Prisoner of Azkaban in 1999.
In 2000, the fourth book in the series, Harry Potter and the Goblet of Fire, was released simultaneously in the UK and US, and broke sales records in both countries. In the United States, the novel sold three million copies in its first 48 hours of release.
And if you think that’s impressive, well you probably haven’t heard that the seventh (and final) book sold 11 million copies in the first day of release in the UK and US.
As you all know, Hollywood developed the book series into a highly profitable film franchise, which helped build the Potter brand to a ridiculous $15 billion figure. As of 2019, J.K. Rowling’s net worth is at $1 billion, which is super impressive considering she was a struggling single mother on welfare just 25 years ago.
J.K. Rowling now ranks in as much as Jerry Seinfeld, Michael Jordan and Donald Trump. The gifted writer still has a ways to go before she reaches the wealth level of Bill Gates, but she is well on her way!