How J.K. Rowling Makes And Spends Her Fortune

Forbes ranked J.K. Rowling as the highest paid novelist in the world in 2017. She was also the third highest paid celebrity. Since then, she’s been dropped from the list. J.K. Rowling’s “Harry Potter” novels have sold at least 500 million copies worldwide and grossed $7.7 billion dollars. The “Harry Potter” movies have also grossed $7.7 billion.

J.K. Rowling has been secretive about her fortune and has denied being a billionaire, but there are some reasons to believe that the famous author might be a billionaire again. 

MORE FORTUNE CONTENT:
How Kylie Jenner Makes And Spends Her Fortune

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How Bill Gates Makes And Spends His Billions

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How J.K. Rowling Makes And Spends Her Fortune

How Kylie Jenner Makes And Spends Her Fortune

Kylie Jenner is Forbes’ “youngest self-made billionaire” and the wealthiest member of the Kardashian-Jenner clan with a net worth of $1 billion.

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How Kylie Jenner Makes And Spends Her Fortune

ShowBiz Minute: R. Kelly, Jenner, Ballerini

R. Kelly tells CBS “I didn’t do this stuff” in interview; Forbes names Kylie Jenner youngest self-made billionaire; Kelsea Ballerini surprised with Grand Ole Opry invitation. (March 6)

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Stretch Van Feels Like A Private Jet

Klassen is a German tuning company that builds deluxe stretch vehicles. Many of their available cars are expanded by over a full meter. Each vehicle’s private cabin is adorned with everything one needs for luxury traveling.

For more, check out: http://www.klassen-luxury.com/

Following is a transcript of the video:

Narrator: German aftermarket supplier Klassen builds only what can be described as private jets on wheels. The company takes premium vehicles and turns them into deluxe stretch limousines that cater to the demands of the most high-level clients. This rendering illustrates just how far the company lengthens factory vehicles in order to provide the space and comfort their customers desire. This Mercedes-Benz stretch V-Class van is a prime example. Inside passengers will find a huge flat-screen monitor with built-in PlayStation 4 and multimedia system, automatic folding tables, Champagne flutes, a coffee maker, a humidor, a biometric safe for your valuables, and more. In addition, everything from the interior lighting to the cabinets can be controlled remotely via iPad.

Klassen’s COO Samuel Klassen describes just what goes into designing these tricked-out vehicles.

Samuel Klassen: Typically the time to build a van takes approximately 3 to 4 months. It depends which options the customer would like to have. Sometimes we have requests from customers to install a toilet, special multimedia systems, or extra controls. Sometimes they want to have the whole interior covered by special leather. We also have in our product range stretch cars and armored vehicles. Time to build a car like this can take approximately as one year.

Narrator: As luxurious as Klassen’s stretch V-Class is, it may not even be the most impressive offering in the company’s extensive catalog which includes a stretch Mercedes-Maybach sedan and a Range Rover over 1 meter longer than its production model.

Samuel: The most expensive vehicle we build for now is the Range Rover Autobiography. We stretch it by 1 meter, make it armored, and add many options that make for comfortable travel and luxury. And the price of this car is more than €1 million.

Narrator: Klassen isn’t done adding to its arsenal just yet. On the way is a stretch Rolls-Royce Cullinan SUV equipped with all new technology from the luxury tuner.

Samuel: We are still working on it. So we will stretch it by 1 meter and make it armored. And also, we will install our new technology that we have already developed so that the interior will be controlled by voice control.

Narrator: So who can afford such an elaborately customized car? Let’s just say it’s not your average car shopper.

Samuel: So we cannot talk about our customers’ names, but our customers are presidents, famous people, and big business people listed on the Forbes list.

By driving our stretch vehicles, or any car from Klassen, customers have the feeling that they are traveling in a private jet or sitting in their living room.

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Stretch Van Feels Like A Private Jet

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Why The New York Knicks Are So Expensive | So Expensive

The New York Knicks are valued at $3.6 billion, the highest valued team in the NBA for 3 straight years. But the basketball team has posted 5 straight losing seasons. The franchise gets its value off the court from fixed revenues from Madison Square Garden and TV revenue.

Following is a transcription of the video: 

Narrator: In 2018, Forbes estimated the New York Knicks’ value at $3.6 billion. Making it the highest valued franchise in the NBA for three straight years. But the team’s business prowess hasn’t translated to success on the court. The Knicks have endured five straight losing seasons, won one playoff series in the past decade, and gone through 11 coaching changes since 2001. Plus, the team’s total attendance has fallen for the past two years.

So if the Knicks aren’t winning or even as popular anymore, why is the franchise so expensive? Well, it starts with the foundation and the Knicks’ is Madison Square Garden.

David Berri: “The stadiums are like amusement parks and there’s such an atmosphere to go to it, that they’ve made it so that wins and gate revenue are increasingly have a smaller and smaller link.”

Narrator: According to Forbes, Madison Square Garden is valued at $828 million and accounts for 23% of the Knicks’ value. Back in 2013, the Garden underwent a $1 billion renovation and the franchise is still profiting from it. The changes created new channels for sponsorship, like the Chase bridges, and in 2017 the stadium updated its suite membership, connecting with the Tao Group. Both factors amounted to a 9% increase in value from the previous year. Another key to the Knicks’ off-court success is the organization’s fixed revenues.

Berri: “Fixed revenues are revenues not linked to wins. Fixed revenues in sports have gotten bigger, and bigger, and bigger over time. So a fixed revenue is your national broadcasting deal. It’s not related to wins.”

Narrator: The NBA is currently in the midst of a nine-year, $24 billion national TV contract. The deal pays the NBA about $2.6 billion per year, which equals about $88.9 million per team. The payout is three times higher than the value of the NBA’s previous one and that influx of cash caused the league’s salary cap to jump. The cap jumped from $63 million to $94 million in two seasons and players’ salaries rose along with it.

One owner told ESPN, quote, “National revenues drive up the cap, but local revenues are needed to keep up with player salaries. If a team can’t generate enough local revenues, they lose money,” unquote.

One major source of local revenue that factors into Forbes’ valuation is local television markets. In 2017, the Knicks made $100 million on its local TV deal. In comparison, the Memphis Grizzlies, a team that, up until 2017, made the playoffs seven seasons in a row, have a TV market that is worth one-tenth of New York’s.Berri: “So if you could have one of these giant television deals, whether you win or not is not gonna make a big difference.”

Narrator: Other teams in big markets have similar values to the Knicks. Teams with hefty TV deals, expensive stadiums, and low winning percentages round out the top of Forbes’ list. While successful small-market franchises, like the Portland Trail Blazers, who’ve made five straight trips to the playoffs, and the Oklahoma City Thunder, who’ve reached the playoffs in eight out of the past nine years, end up in the middle of Forbes’ list. These teams are better on the court, but they’re worth half of what the Knicks or Lakers are worth.

Berri: “There is not a statistical link between market size and wins in the NBA or in any other sport. Market size does not drive wins. So the Knicks are not struggling financially. They’re doing quite well, I would guess, financially. They’re not doing well on the court, but on-court performance is really mostly a function of your ability to evaluate talent. In that, there is some disparity in doing that.”

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Why Are The Knicks So Expensive? | So Expensive

ShowBiz Minute: Marshall, Prada, Lucas

(19 Dec 2018) Stars mourn director and actress Penny Marshall; Prada withdraws luxury trinkets over blackface controversy; Forbes announces George Lucas, Steven Spielberg, Oprah Winfrey as America’s richest celebrities of 2018. (Dec. 19)

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ShowBiz Minute: Prince Harry, Jay Z, Swift

Prince Harry, Meghan invite public to help celebrate wedding; Jay Z dethrones Sean ‘Diddy’ Combs as the wealthiest hip-hop artist, according to Forbes; Taylor Swift taps Camila Cabello, Charli XCX as tour openers. (March 2)

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Here are the world’s richest black billionaires

In 2017, 10 of the world’s billionaires — fewer than 1% — are black, down from 12 last year, reports Forbes contributor Mfonobong Nsehe. Three of the 10 are women. All but one, Isabel Dos Santos, are billed by Forbes as self-made.

To compile the full list, Forbes uses stock prices and exchange rates to estimate the net worths of the world’s richest people, and then ranks them based on their wealth. This year’s list was created using data from February 17, 2017, but Forbes also maintains a current snapshot of the world’s billionaires, updated daily.

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Interview Ricardo Baca | Cannabis University | Cannabis Liberation Day 2017

VICE called Ricardo Baca (USA) “the nation’s most prestigious cannabis editor” and Forbes counts him as “one of the seven most powerful people in cannabis”. In 2013 Baca became the first cannabis editor of The Denver Post, Colorado’s leading newspaper. He developed The Cannabist website and starred in the documentary Rolling Papers, screened in the Cannabis University.

Ricardo Baca was interviewed by Cannabis News Network’s Steven Kompier inside the Cannabis University at Cannabis Liberation Day 2017.

Cannabis News Network is a news journal which publishes only cannabis related news.

Find out more: http://www.cannabisnewsnetwork.com/