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By Katie Meyer
April 6, 2016

In 1998 the world was introduced to Harry Potter. Since then, The Boy Who Lived has spawned seven books, eight movies, clothes, toys, real-life Quidditch teams, and a theme park. This week, Universal opens the updated Wizarding World of Harry Potter at Universal Studios Hollywood.

The Harry Potter brand is worth $25 billion. The movies grossed $7.7 billion worldwide and the books have made just as much. J.K. Rowling has been named the world’s richest author, with a net worth of $1 billion.

Universal has spent over $400 million renovating the Harry Potter theme park. If you should go, expect to drop around $50 on a wand. And don’t forget to sample the Butterbeer, which will cost you at least $3.25.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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