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JK Rowling made £31.5MILLION last year from sale of Harry Potter ebooks

JK Rowling made £31.5MILLION last year from sale of Harry Potter ebooks – 13 years after finishing the original wizard series

  • The 54-year-old earned £86,317 per day as profits more than doubled in 2019
  • Profits at Pottermore Ltd – the Harry Potter writer’s firm were at £6.9 million
  • Money made from hard copies of the book was estimated at £46 million in 2017

Author JK Rowling made a staggering £31.5 million from the sale of Harry Potter ebooks last year – 13 years after finishing the spellbinding series.

The 54-year-old earned £86,317 per day as profits more than doubled in 2019 ahead of the 20th anniversary of the first film.

Profits at Pottermore Ltd – the Harry Potter writer’s firm – went from £3.4 million to £6.9 million last year.

This meant she managed to bag £605,769 per week. 

J.K. Rowling (pictured above) made £31.5 million from the sales of Harry Potter ebooks last year

The Harry Potter books became even more popular after Warner Brothers released the films, Daniel Radcliffe is pictured above as Harry Potter

The Harry Potter books became even more popular after Warner Brothers released the films, Daniel Radcliffe is pictured above as Harry Potter

The digital sales show how Potter fans have adopted a modern approach to interacting with the wizarding world. But the hard copies of the books were still estimated to have made over £40 million in 2017.

Pottermore Ltd handles cash from digital and audio versions of the smash-hit series which includes the non-print versions of spin-offs such as Harry Potter and the Cursed Child Parts One and Two and the scripts from the Fantastic Beasts films.

The author has regularly topped the charts as one of Britain’s highest paid celebrities and is now worth an astonishing £750million.

JK Rowling celebrated a better year than expected despite a revenue fall from £32.8million in 2018.

Accounts from Companies House filed last week revealed that revenue was ‘above expectations’ due to the ‘launch of Fantastic Beasts: The Crimes of Grindelwald’ and the ‘strong sales performance of the Harry Potter eBooks and digital audiobooks’ along with preparations for the 20th anniversary of Harry Potter and the Philosopher’s Stone, released in 2001.

JackPotter! Super rare first edition Harry Potter book bought for 25p at a jumble sale fetches an astonishing £28,000 on Bargain Hunt 

A super-rare first edition Harry Potter book bought for 25p at a jumble sale has fetched an astonishing £28,000 on Bargain Hunt.  

The book was one of the 500 hardback versions of Harry Potter and the Philosopher’s Stone.

Originally published in June 1997 by Bloomsbury, it was the first of JK Rowling’s magical series.

The inclusion of the phrase '1 wand' twice (pictured) on a list of equipment for Hogwarts is one of the giveaways that the Harry Potter book is a first edition

The inclusion of the phrase ‘1 wand’ twice (pictured) on a list of equipment for Hogwarts is one of the giveaways that the Harry Potter book is a first edition

Of the first 500 to be released, 300 were sent to libraries, including the one that will be sold in an episode of Bargain Hunt today, the Daily Mirror reports.

Its 54-year-old office worker owner sold it at auction in Bishton Hall, Staffordshire, last summer as a UK collector snapped it up.

The book had been on a shelf for 20 years before the owner decided to have it valued.

They said afterwards: ‘I can’t believe it. It’s what I’d hoped for but I never really believed my book would make that price.’

Auctioneer Charles Hanson knew it was real due to a sticker saying it had been owned by Staffordshire Libraries. Even the softback first editions are going for thousands, he said.

The balance sheet, added: ‘The company performed in line with the directors expectations this year.

‘Pottermore Publishing continues to be a profitable business and it’s publishing schedule continues apace.

‘Revenues of £31.5million were wholly achieved from digital publishing sales resulting from additional global distribution and the continued popularity of the Harry Potter stories bolstered by new products and twentieth century activity in the US.’

In 2017, a surge in internet sales was due to the hugely successful launch of the Harry Potter and the Cursed Child script, the Fantastic Beasts and Where to Find Them screen-play and the Hogwarts Library Digital audiobook.

Rowling, who has previously featured on Forbes’ billionaire list, was revealed to have dropped off it by the outlet in 2012 due to her ‘estimated £114million in charitable giving’ making an impact on her finances.

That figure has since climbed given that the Harry Potter author donated over £14million to support research into neurological conditions.

The sum was donated to the Anne Rowling Regenerative Neurology Clinic at the University of Edinburgh, named after her mother who died at the age of 45 years old following a battle with multiple sclerosis.

Rowling said at the time: ‘When the Anne Rowling Clinic was first founded, none of us could have predicted the incredible progress that would be made in the field of regenerative neurology, with the clinic leading the charge.’

‘It’s a matter of great pride for me that the clinic has combined these lofty ambitions with practical, on the ground support and care for people with MS, regardless of stage and type; I’ve heard at first-hand what a difference this support can make.’

In 2003, Rowling made headlines when she was declared ‘richer than the Queen’ and the following year was one of the youngest people on Forbes’ Rich List with a net worth of £1 billion.

Since then, her billionaire status has been in contention due to her numerous charitable endeavours that go beyond just the Anne Rowling Centre. Rowling is a philanthropist with her own charity Lumos, which helps Eastern European children in need, as well as Volant Charitable Trust, which funds Scottish charitable causes relating to women and children.

 

Read more at DailyMail.co.uk


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