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Harry Potter earns author £3m a week
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by LotusFlower | October 2, 2008 at 06:33 am
201 views | 32 Recommendations | 7 comments
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Harry Potter earns his creator £3 million a week. The credit crunch will surely not be having much effect on author JK Rowling who's rags to riches story through writing about Harry Potter her teenage wizard creation show us that the age of the book has not yet passed. The fact that a well crafted, well marketed story book can earn as much as a dot.com digital innovation in this most electronic of ages is testament to the power of the printed book and it's related merchandising be it film or computer game. They all generally have their roots in the success of the book as releatively few books of the film ever do as well as films of the book..
The final instalment in the seven part Harry Potter series pushed her sales to record heights.
The 43-year-old author, who was a single mother on benefits a decade ago, now has a fortune of more than £560 milion and growing.
Rowling, who has sold over 375 million books, is at the centre of a multi-billion pound film and marketing industry.
The mother-of-three has also managed to give birth to two children while creating the magical world of Howarts.
Forbes magazine this week crowned her the world's best paid author, noting that her £160 million income was more than the next nine best selling writers put together.
The report's author Lacey Rose, said: "While the publishing industry has struggled to come up with a "Happily Ever After" storyline in recent years, there's still plenty of money to be made in the business of books.
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Most RecentMost Recommended Comments (7)
at 07:27 on October 2nd, 2008
LotusFlower, wow. That is a lot of money. JK is Rowling in it!
at 07:43 on October 2nd, 2008
She is! Many have predicted the death of the book but Harry Potter has seen a resurgence in reading - and not just of Potter - more people are reading books than they were 10 years ago when the digital revolution was just starting. Will online news see the demise of the newspaper?
at 08:43 on October 2nd, 2008
Is she earning more than David Beckham?
at 08:51 on October 2nd, 2008
Yuls - way way more - not sure if she can bend it like beckham though - mind you with a little help from her friend Harry anything's possible....
at 08:45 on October 2nd, 2008
LotusFlower, I like this story. It's good stuff.
That is even higher than I could ever have imagined.
I see Jarrett made a really bad pun however! :)
at 10:17 on October 2nd, 2008
LotusFlower, I like this story. It's good stuff. She will be raking in the money for many more years.
at 03:27 on October 3rd, 2008
LotusFlower, I like this story. It's good stuff. anyone knows what her ex-husband has to say about the 'world's best paid author'?