General News

Rowling may become first writer/billionaire

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Nov 26, 2001 | 10:34am EST

Philip Beresford, who writes the London Sunday Times' annual Rich List, is predicting that Harry Potter author J.K. Rowling is likely to become the first writer to become a billionaire.

"She is the biggest brand name in literature since Shakespeare," Beresford wrote Sunday. Although her wealth is already estimated to have reached $100 million, that figure, Beresford wrote, is likely to be dwarfed by receipts for films, video, and toys. (She receives 1 percent of the film revenue and 5 percent from sale of the toys, Beresford wrote.)

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