Just when you thought J.K. Rowling couldn't be any more magical, she goes and gets booted from the Forbes list of the World's Billionaires after giving away a huge sum of her earnings to charity. Her charitable donations, coupled with Britain's high tax rates, have cost the author an estimated $160 million (does anyone know the galleon conversion rate on that?). Rowling continues to show up on Forbes' list of powerful women, however, ranking in at number 61.

J.K. Rowling Is No Longer A Billionaire, Booted Off Forbes List [Business Insider]