/lit/ - Literature

>>8568187
She came upon her billion(s) differently from the way most others do, and in a way that was incredibly liquid.

A typical billionaire built a functioning business, and it he somehow ended up with a spare billion, he would invest it in his own business to expand it (and grow the billion into many more) or invest it in another business. Once you get to a billion, you tend to also know how to manage a billion.

Rowling, however wrote a few books and became a billionaire through that and licencing a movie, etc. She, on her own, has no idea what to do with a billion dollars.

And unlike the other billionaire whose money is all tied up in equity and non-cash equivalents (buildings, etc) such that he can't easily cash out without losing a lot the control that allows those assets to be worth billions, Rowling's money is essentially all in cash or cash equivalents. She quiet literally can write a check for practically any amount.