J.K Rowling is world’s first billionaire author

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    The globally renowned ‘Harry Potter’ creator Author J.K Rowling, 50, still appears to be on stronger grounds of literary reign.

    Harry Potter is a series of seven fantasy novels which account the adventures of a young wizard, Harry Potter, the titular character, and his friends Ronald Weasley and Hermione Granger – all of who are students at Hogwarts School of Witchcraft and Wizardry.

    The main story arc concerns Harry’s quest to overcome the Dark wizard Lord Voldemort, who aims to become immortal, conquer the wizarding world, subjugate non-magical people, and destroy all those who stand in his way.

    As per Sunday Times’ UK Rich List, Rowling had an estimated net worth of more than $1 billion in year 2014.

    “The entire franchise was estimated to be worth more than US$ 24 billion in year 2014. But it is set to skyrocket with the addition of a trilogy of new films based on her book ‘Fantastic Beasts and Where to Find Them’, a companion to the ‘Harry Potter’ series, and a play titled ‘Harry Potter and the Cursed Child’ set to open at London’s Palace Theatre next summer.” – IMDB and Scholastic Children’s Books

    INSIGHT: Warner Bros. Studios production of eight films grossed more than US$ 7.7 billion in worldwide box offices, according to Box Office Mojo while the books have grossed more than US$ 7.7 billion and would only grow as publisher Bloomsbury prints editions with new cover designs and full-color illustrations.

    UPDATE: Rowling wrote a standalone novel, ‘The Casual Vacancy’ and three books under the pseudonym Robert Galbaith.

    According to Comcast Chairman and CEO Brian Roberts during an earnings call in February: 2014: “Full-year revenue increased 17.3% to US$ 2.6 billion and operating cash flow grew 16.4% to US$ 1.2 billion. The 4Q revenue increased 29.9% and operating cash flow grew 37.6% driven by the continued success of Orlando’s Harry Potter.”

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    I cover technology, utilities and biotechnology for Markets Morning, and I help out occasionally with other industry sectors. I've written about investment and personal finance topics for more than 20 years from a lowly copywriter to editor-in-chief, so I've done a little bit of everything. For what it's worth, I have a BA from Duke University and an MBA from Rollins College. I'm married with one daughter, and that's worth more than everything else put together.

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