Kindle, A New Way To Read

Saturday, June 20, 2009

J.K. Rowling Self-Made Billionaire

J.K. Rowling
Age: 43
Net Worth: $1 billion
Industry: Media/Entertainment
Sometimes sheer talent and persistence is enough. As a single mother on welfare in Scotland, Rowling began writing the first Harry Potter novel in Edinburgh caf├ęs whenever she could get her infant daughter to sleep. After being rejected by 12 publishing houses, Bloomsbury, a small publisher in London, offered an advance of 1,500 pounds (about $2,400) -- even while one its editors, Barry Cunningham, advised Rowling to get a day job. Good thing she didn't listen: The following year, U.S. publishing rights to the first Potter book sold for $105,000. Rowling has since sold nearly 400 million copies worldwide, and is the only author on the Forbes list of the richest people in the world