J.K. Rowling has spent large chunk of her startling wealth on real estate portfolio

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J.K. Rowling has been the richest fiction author in history for over a decade and is also the first fiction author to reach billionaire status. The 57-year-old found fame after writing the Harry Potter franchise, the success of which made her a household name across the globe.

The Exeter University alumni starting writing the series in 1990, coming up with the idea while travelling from Manchester to London by train. After finishing the first instalment of the book, she was turned down by 12 publishers before it was picked up and published by Bloomsbury in 1997. At the time, only 500 copies of the book were printed.

Since then, more than 500 million copies of the book have been sold and The Harry Potter franchise has exploded from a simple book series into movies, merchandise, theme parks, studio tours, Broadway plays and ultimately a lot of income for the author.

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Rowling is currently believed to be worth $1billion (£821million) according to Celebrity Net Worth, making her the richest fiction author to ever live, the Express reports. The New York Times estimated that the book series alone earned $7.7billion (£6.32billion) so far. But how does she spend her money?

Before her huge success, Rowling was a single mother surviving on state benefits, and she has been wary of using her money wisely to avoid being back in that position. She opts to pay the highest tax rate in Britain and has noted previously that she feels indebted to the system that she was on and hopes to repay it.

A large portion of her wealth has gone into her real estate portfolio – which spans across England and Scotland. According to a 2020 report by Insider, Rowling’s main residence is currently her home in Edinburgh after selling her eight-bedroom mansion in 2012.

The sale brought in over $3.6million (£2.96million) and saw Rowling and her husband Neil Murray moving to a different neighbourhood in Edinburgh.

The couple’s current home was described as a multimillion-pound mansion surrounded by 30-foot tall hedges. It also reportedly has two Hogwarts-like tree houses that were built for the couple’s children at a cost of roughly $330,000 (£271,000).

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