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What does JK Rowling do with her money?
Daily Mail ^ | 24th August 2006 | ALISON BOSHOFF

Posted on 08/24/2006 7:31:16 AM PDT by null and void

For a woman who claims her life is 'mundane', JK Rowling likes a luxury holiday. In the past few years she has cruised the Galapagos at a cost of around £15,000, blown £14,000 on a holiday in Mauritius and enjoyed the comforts of a £6,000-aweek hotel in the Seychelles.

Her latest outing, however, tops the lot. For, after a charitable engagement in New York, she and her family have decamped to the Hamptons, that millionaire's playground on the East Coast, to stay in an imposing seven-bedroom beachfront house. The cost - £76,000 a week.

JK Rowling (and husband Neil) splashing about in the sea on a recent holiday.

Jo Rowling can, of course, afford it - and then some. Her fortune is somewhere between £500million and £600 million and, when the seventh and final instalment of Harry Potter is published next year, will receive another significant boost.

More money generated by the movies, merchandising and royalties from the books will continue to roll in for the rest of her life.

Indeed, the scale of her wealth is such that it is hard to comprehend. It has been said she is richer than the Queen. She earns around £1million every three days. It is the kind of fortune it would be impossible to spend even if she stayed in that luxury pad in the Hamptons all year round.

Her life now is, naturally, very different from the hand-to-mouth struggle of the days before Potter was published. Back then, she famously nursed cold coffees in an Edinburgh cafe for hours as she wrote, her daughter Jessica sleeping in a buggy beside her. She subsisted on £70 a week benefits, and her flat was infested with mice.

Now, she has a property portfolio (Edinburgh, Perthshire and Kensington), flies by private jet and dresses herself in Vivienne Westwood for special occasions.

And yet the story of what Jo Rowling spends her money on is far from a predictable tale of conspicuous consumption. Indeed, it is a story which provides a valuable and uplifting counterpoint to the circus of pointless and continuous spending indulged in by other modern celebrities like, say, Victoria Beckham.

Having found fame and fortune late in life, she has not been tempted into any fashion excesses. Indeed, she has never been particularly interested in style, and often describes her younger self as a 'freckled beach ball'. She is appalled by the excesses of modern celebrity culture and particularly disturbed by the cult of thin-ness.

That said, she does like a nice handbag, and glamorous shoes - Jimmy Choo, Prada, or even Dior. When she won a literary award earlier this year, she told the audience: 'My first award was a Nibbie, but that night I was wearing much, much cheaper shoes.'

But as she told an interviewer recently: 'I've got a mental amount I can't spend beyond. I limit myself to what I think I would be justified in spending on frivolity.' The amount, it seems, is around £500.

For although her life is comfortable and she allows herself some 'treats', in truth Jo Rowling lives not much better than the wife of say, an averagely successful City banker. She does not have, a la Posh, a dozen diamond-encrusted watches - actually she barely ever wears one and the most expensive in her collection is a fairly simple £300 number from Gucci.

She would be quite horrified by the idea of buying, as Victoria has done, an expensive designer watch worth several thousand pounds for one of her three children (Jessica, from her first marriage, is 11, David is three and Mackenzie, her baby daughter, one).

Luxury cars

Nor does this woman, who is among the wealthiest in the world, allow herself the decadent pleasure of one of the new generation of luxury cars. Sources in Edinburgh indicate that she doesn't even have a Chelsea tractor. She prefers something anonymous, as does her husband Neil Murray.

(Murray, for goodness' sake, continues to work as a GP and, in her own words, 'doesn't really spend money'.)

At times over the past nine years she has seemed to be in open rebellion against her wealth. She, for instance, insisted on delivering both her children in her local NHS hospital, and her offspring are educated at local state schools.

It's not that she was born poor: her childhood was comfortable, and her father is a retired Rolls-Royce engineer. But she does have that formative experience of poverty as a young adult after the break-up of her first marriage, and this seems to have combined with a sense of social justice to make her a very uneasy multi-millionaire.

For, it emerges, her wealth has made her uncomfortable to the point of soul-searching, if not actual anguish. And although she is now far more sanguine about the 'ludicrous' amount of money which she earns, she still seems to believe, deep down, that she does not really deserve to be so utterly, stinking rich.

And so she has quietly but steadily been engaged in giving away great chunks of her money. She gave £22 million to Comic Relief, for instance.

Charity

She has just set up a charity, the Children's High Level Group, to promote children's rights, particularly disabled children in care homes in Eastern Europe. She is the global ambassador for the National Council for One-Parent Families, and patron of Maggie's Centres for cancer sufferers and the Multiple Sclerosis Society of Scotland.

Her bounty extends to smaller matters, too: she has funded the making of a short film about domestic abuse, and recently donated a signed copy of Harry Potter that was sold to help improve facilities at a local GP's surgery.

For Jo Rowling, an intelligent graduate who worked for Amnesty International after university, has never lost her social conscience. She has told interviewers that she has spent years being 'a few steps behind' her burgeoning fame and fortune, feeling caught out and overwhelmed by it.

She said: 'It just seems, well, this came to me through doing the thing I love doing most. I suppose I feel I haven't suffered enough.'

Of late, she has settled into her super-rich status, becoming more at ease with all of the nice things she can now have - hence perhaps the stay in the Hamptons.

'I'm certainly not going to complain about the money,' she said earlier this year. 'If you've literally been worrying "Will the money last until the end of the week?" you will never, ever complain about having the money.'

So what, then does she spend it on - apart from travelling and helping people? A major expense is her staff. She employs two secretaries, to deal with the 1,000 or so letters she receives a week.

She also has a very effective PA, who works full time co-ordinating her diary and her engagements.

More expensively, she is said also to pay the wages of a full-time, ex-SAS bodyguard, who gives close protection to her and her family at a cost of £150,000 a year.

Her 'day-to-day' house in Edinburgh has electric gates, high fences and a sophisticated CCTV system to deter intruders.

That makes it sound obtrusive, but the house is not ostentatious.

The home is actually two houses knocked into one - a 13-bedroom pile worth around £2million.

Described as homely and sometimes chaotic inside, it is decorated in strong colours and the ethnic patterns that she has always loved.

She lives simply. Her office is the size of a single bedroom. She writes in the morning, makes herself a sandwich and then writes again until it is time for Jessica to return from school.

Some weekends she spends with Neil and the children at their country home in Perthshire. This property, on the banks of the River Tay, is beautiful but not particularly grand, with six bedrooms.

The final property in her portfolio is a home in Kensington, West London, worth £4.5million. It seems more of an investment than a home.

'The point about Jo,' says a friend, 'is that she doesn't want to be flashy or ostentatious, ever. She wants to be left alone to have a normal family life.'

It seems the legacy she wants Harry Potter to leave is a charitable one: of giving and helping children in desperate need. Her own family, she hopes, will turn out to be simply normal.

One does wonder if Brooklyn, Romeo and Cruz Beckham were to meet Jessica, David and Mackenzie in 20 years' time, what they would make of each other, and of their own, very different, childhoods.


TOPICS: Culture/Society; United Kingdom
KEYWORDS: classenvy; generalchat; harrypotter; jkrowling; millionaires
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To: kromike

>> It just seems pointless to get all warm & fuzzy via celebrity projection.<<

For me, it has nothing to do with celebrity.
Human giving gives me warm fuzzies and that is why I do it as well.

I've never read one of this lady's books nor seen the movies.


101 posted on 08/24/2006 8:16:13 AM PDT by netmilsmom (To attack one section of Christianity in this day and age, is to waste time.)
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To: pabianice

And, as he said in his own words: "[he has] the heart of a schoolboy...in a jar on [his] desk."


102 posted on 08/24/2006 8:16:33 AM PDT by Andonius_99 (They [liberals] aren't humans, but rather a species of hairless retarded ape.)
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To: null and void
What does JK Rowling do with her money?

Who cares? It's HER money.

103 posted on 08/24/2006 8:18:07 AM PDT by VRWCmember
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To: null and void

She sounds like a great person, someone who you would like to know. More power to her.


104 posted on 08/24/2006 8:18:38 AM PDT by Ditter
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To: Andonius_99; pabianice

Plus, he plays in a rock band!

http://www.dqydj.com/rbr.htm


105 posted on 08/24/2006 8:19:15 AM PDT by durasell (!)
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To: Mike Bates
Puh-leze! Around here, that's "loosers." I'm series.

The press should be stuned in the beeber, if you ask me...

106 posted on 08/24/2006 8:20:29 AM PDT by Triggerhippie (Plus ça change, plus c'est la même chose.)
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To: Tijeras_Slim

democrats have had a change of heart and now make perfect sense...

did I top it?? :-)


107 posted on 08/24/2006 8:23:55 AM PDT by GeorgiaDawg32 (I'm a Patriot Guard Rider..www.patriotguard.org for info)
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To: mariabush
Hopefully she would pay the government back the money that she took when she was on welfare.

Uh, I rather suspect that she pays that much to the government, oh, every twenty minutes or so.

108 posted on 08/24/2006 8:24:57 AM PDT by Sloth ('It Takes A Village' is problematic when you're raising your child in Sodom.)
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To: null and void

She has a right to spend it. After all, she earned it.


109 posted on 08/24/2006 8:25:54 AM PDT by desherwood7
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To: null and void

"And therefore what?" She earned the money. She can do as she pleases, and more power to her.


110 posted on 08/24/2006 8:29:31 AM PDT by WardMClark (Semi-Notorious Political Gadfly)
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To: null and void

The British media are obsessed with rich, successful people.


111 posted on 08/24/2006 8:36:08 AM PDT by D-Chivas
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To: Fudd

"I bet she clubs baby seals and spotted owls, too...."

And eats them!


112 posted on 08/24/2006 8:40:11 AM PDT by EQAndyBuzz ("If you liked what Liberal Leadership did for Israel, you'll LOVE what it can do for America!")
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To: SauronOfMordor

Agreed.......she has produced wonderful books and should have every penny.......she earned it! Not to be confused with our congress-critters and the welfare pimps in government.


113 posted on 08/24/2006 8:42:12 AM PDT by newcthem (Brought to you by the INFIDEL PARTY)
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To: null and void

When did Snape cut his hair, grow a goatee and start wearing sunglasses? And why is JK vacationing with him?

114 posted on 08/24/2006 8:57:03 AM PDT by TightyRighty
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To: durasell

Most of the artists I know would like nothing better than to get rich, and they're out there doing their damndest to sell paintings, which is capitalism, you are right. But they are still leftist moonbats. Which is a contradiction that none of 'em seem to get.

I don't know about crack cocaine, but artists generally are working for themselves, which does mean (1) they are not constrained by salaries in their scheming for more money and (2) they are directly dependent on their own efforts in the market to generate cash. So I see what you are saying.

I'm trying to edge my way into the art world in my old age. Which means that I hope I'll be able to sell paintings too.

I like Rowling, btw.


115 posted on 08/24/2006 8:57:10 AM PDT by Sam Cree (Don't mix alcopops and ufo's)
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To: retrokitten
She's English. She'd probably burst into flame coming within 15 feet of a tanning bed bulb.

Us English don't burst into flames, we just go bright orange. You're thinking of the Scots.
116 posted on 08/24/2006 9:04:37 AM PDT by StevieJ
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To: StevieJ
You're thinking of the Scots.

LOL!! Sorry, no offense intended. :-D

117 posted on 08/24/2006 9:16:10 AM PDT by retrokitten
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To: Sam Cree

The artist as moonbat thing is not without reasons and shouldn't be a perjorative. They have an extremely tough job that pretty much takes everything they have. That is to say, it isn't one of those office jobs where you're in at nine, out at five and get to relax in front of the tube for the evening knowing that a pay check arrives on Friday.
There's a lot to be said for those steady pay checks and clearly defined duties of a steady job.


118 posted on 08/24/2006 9:17:43 AM PDT by durasell (!)
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To: null and void

Although I would never read her cult books or see her movies, I think what she does with her money is none of anybody's business even if she said her life is mundane. Big deal. A vacation every now and then does not make a life exciting the entire time.


119 posted on 08/24/2006 9:17:48 AM PDT by napscoordinator
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To: TightyRighty
When did Snape cut his hair, grow a goatee and start wearing sunglasses? And why is JK vacationing with him?

He flew there on United. It was called Snape's on a Plane.

120 posted on 08/24/2006 9:20:19 AM PDT by Tijeras_Slim
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