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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: null and void

She can do whatever she wants with it as far as I'm concerned. I'd hope that she won't do something stupid like give it to the UN, but she earned it.


61 posted on 08/24/2006 7:54:04 AM PDT by Centurion2000 (Islam is a subsingularity memetic perversion : (http://www.orionsarm.com/topics/perversities.html))
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To: cdcdawg

Yeah, I noticed the same thing. That second photo of her at the beach is rather unflattering. In the other two she looks quite good.

As for what she spends her money on: who cares? She earned it, she can spend it how she like.


62 posted on 08/24/2006 7:55:21 AM PDT by -YYZ-
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To: durasell
She obviously doesn't spend it at tanning salons...

She's English. She'd probably burst into flame coming within 15 feet of a tanning bed bulb.

63 posted on 08/24/2006 7:55:46 AM PDT by retrokitten
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To: null and void

I know for a fact that Hemingway never frolicked. Fitzgerald may have frolicked a little, but kept his shirt on. T.S. Eliot, Thomas Mann, and DH Lawrence wouldn't be caught dead frolicking.


64 posted on 08/24/2006 7:55:54 AM PDT by durasell (!)
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To: isthisnickcool
"I've never understood why anyone cares about what anyone else has made for themselves."

One thing that's kind of weird - if you get fabulously rich in the arts, people don't get that upset with you, but if you make that kind of money as a business executive, all hell breaks loose, even here on FR.

65 posted on 08/24/2006 7:58:02 AM PDT by Sam Cree (Don't mix alcopops and ufo's)
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To: null and void

Sports and entertainment threads always generate those type of response. I'm sure that by the time I post this there will either be a, "Harry Potter is the devil," or a, "What's a Harry Potter?" reply-- if not both.


66 posted on 08/24/2006 7:58:27 AM PDT by retrokitten
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To: null and void

well it's her money......


67 posted on 08/24/2006 7:59:30 AM PDT by MikefromOhio (aka MikeinIraq - Go Bucks!!!)
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To: retrokitten
Sadly, so far no. Why do you think I posted this in the first place?...
68 posted on 08/24/2006 8:00:11 AM PDT by null and void (Islamic communities belong in Islamic countries.- Eric in the Ozarks)
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To: pabianice

Don't forget the band he's in with Ridley Scott and Dave Barry. I would LOVE to see them.


69 posted on 08/24/2006 8:00:20 AM PDT by Xenalyte (No movie shall triumph over "Snakes on a Plane.")
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To: null and void

I haven't read the whole article but all I can say is:

She earned it.
It's her money
She can do what she wants with it.

More power to her!


70 posted on 08/24/2006 8:00:40 AM PDT by sneakers (Freedom is the answer to the human condition)
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To: durasell; null and void

I noticed however, that you neglected to mention Oscar Wilde and Truman Capote.

I'm just sayin' is all.


71 posted on 08/24/2006 8:01:18 AM PDT by Corin Stormhands (HHD: Join the Hobbit Hole Troop Support - http://freeper.the-hobbit-hole.net/)
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To: mariabush
Hopefully she would pay the government back the money that she took when she was on welfare.

I'm sure she has done that a hundred-fold just in sales taxes.....

72 posted on 08/24/2006 8:01:35 AM PDT by Onelifetogive (* Sarcasm tag ALWAYS required. For some Freepers, sarcasm can NEVER be obvious enough.)
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To: Sam Cree

One thing that's kind of weird - if you get fabulously rich in the arts, people don't get that upset with you, but if you make that kind of money as a business executive, all hell breaks loose, even here on FR.



If you get fabulously rich in the arts you automatically attract the wrath/envy/gossip of others in the arts. A broke artist has lots of friends, but rich ones have very, very few friends. However, if you made your money in business, artists love you -- you're a potential "collector."


73 posted on 08/24/2006 8:01:49 AM PDT by durasell (!)
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To: durasell

Jane Austen frolicked, but her definition of "frolicking" encompassed sipping warm tea and needlepointing. (It was a more low-key time then.)


74 posted on 08/24/2006 8:02:14 AM PDT by Xenalyte (No movie shall triumph over "Snakes on a Plane.")
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To: Corin Stormhands

LOL!


75 posted on 08/24/2006 8:02:24 AM PDT by null and void (Islamic communities belong in Islamic countries.- Eric in the Ozarks)
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To: null and void; retrokitten

I'm very disappointed, I must say. 75 posts in and no one's proclaimed us all SINNERS for reading those vile tomes.


76 posted on 08/24/2006 8:02:56 AM PDT by Xenalyte (No movie shall triumph over "Snakes on a Plane.")
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To: Xenalyte

I guess they haven't finished their morning prayers...


77 posted on 08/24/2006 8:03:55 AM PDT by null and void (Islamic communities belong in Islamic countries.- Eric in the Ozarks)
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To: retrokitten; null and void

Ok, I'll do it. Harry's the devil. Uncle Vernon was one of the horcruxes until the Little Winging Homeowners Association declared that housing part of the Dark Lord's soul was a zoning violation. Petunia's big secret is that she was once a Sun Page 3 girl, but was never asked back. And I think Snape is gay, and had a crush on James Potter. Let's see someone top that.


78 posted on 08/24/2006 8:04:31 AM PDT by Tijeras_Slim
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To: Corin Stormhands

Ha! I actually saw Capote frolick once! Despite his whole "look at me, I'm gay" act, he was still a country boy. Even out of shape he was a strong swimmer.


79 posted on 08/24/2006 8:04:55 AM PDT by durasell (!)
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To: durasell
Fitzgerald may have frolicked a little, but kept his shirt on.

Fitzgerald was for sure a frolicker. He and Zelda did all kinds of wild things in their day.

80 posted on 08/24/2006 8:04:58 AM PDT by retrokitten
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