The billionaires club has hit J.K. Rowling with a banishing spell. According to the newly updated Forbes Rich List, the Harry Potter author has gone from billionaire to millionaire (several hundred times over, of course). She apparently broke a few rules of how to stay rich by giving away a lot of her fortune — reportedly $160 million of it — to charity and by paying her top-rung British taxes.

There’s no way that the socially minded Rowling, who once lived on welfare, gives two Quaffles about her standing on the list, and no one should shed a tear over a stratospherically rich woman becoming slightly less so. But I always liked knowing that an author of imaginative, timeless, honest-to-goodness books became a billionaire.

Perhaps Rowling’s upcoming book for adults and the April opening of Pottermore will help bring her back above the line. Honestly, I don’t really care as long as she stays richer than Stephenie Meyer.

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