'Harry Potter' author J.K. Rowling falls off billionaire list due to charitable giving

Author J.K. Rowling of the acclaimed Harry Potter series made the Forbes "Billionaire Dropoffs" list, as reported in the Huffington Post.

"New information about Rowling's estimated $160 million in charitable giving combined with Britain's high tax rates bumped the Harry Potter scribe from our list this year," according to Forbes.

Rowling was an unemployed single mother living on welfare before publishing the Harry Potter books but now contributes to many organizations linked to poverty, multiple sclerosis, children's welfare and illiteracy. She has written three books for charity — "Fantastic Beasts and Where to Find Them," "Quidditch Through the Ages" and "The Tales of Beedle the Bard" — which have raised almost $30 million for various organizations, according to the Mother Nature Network.

“Large amounts of wealth bring a certain responsibility if you’re any kind of human being, then after you fulfill your family’s needs, you think, well how do I do some good with this?” Rowling said after raising money for a charity she founded, the Children’s High Level Group, according to philanthropyuk.org.

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