It’s safe to say that Daniel Radcliffe’s significant success as Harry Potter is the main reason why the world loves to watch his every single move with unwavering curiosity. However, just like any other, being in the public eye has its own woes. Mainly because despite his best efforts, the constant media presence and prying into his personal life have unearthed details that Radcliffe prefers to keep private. One of which is how his parents helped him establish an impressive net worth of $110 million.
It’s remarkable to see how Radcliffe remains modest about his substantial wealth. And this modesty has often compelled the media to delve deeper into his financial matters.
How did Daniel Radcliffe’s parents help him become richer than Emma Watson?
Since the age of 10, Daniel Radcliffe has been exposed to international stardom. Garnering fame as Harry Potter, Radcliffe’s portrayal of the young wizard solidified his status as one of the wealthiest child actors in the United Kingdom. However, unlike child artists before him, Radcliffe came out of his childhood fame quite well.
This is because usually, child entertainers lose their money to their parents or predatory business managers. But in Radcliffe’s case, his parents successfully figured out a way to invest his money in a venture. Around 2000, his parents invested Radcliffe’s acting money in a company founded for him. And since then, the business has continued to grow, helping him accumulate a whopping net worth of $110 million.
Whereas on the other hand, his co-actor Emma Watson boasts a net worth of $85 million currently – which is around $35,000,000 less than Radcliffe.
When Daniel Radcliffe lost almost £1 million
While Daniel Radcliffe secured his place in the entertainment world history with Harry Potter, his post-Potter career took a distinct path. Going ahead with a more selective approach, Radcliffe has distanced himself from the blockbuster circuit and instead veered towards projects that are artistically challenging.
This is evident from his roles in movies like The Woman in Black, Kill Your Darlings, and What If? which showcased his artistic range. However, surprisingly, it was not his movie choices that led to his £1 million loss.
Reportedly, in 2020, it was revealed that Radcliffe suffered a significant loss of nearly £1 million. Based on his company’s tax filings in 2020, it was evident that Radcliffe’s venture experienced a huge downturn and lost around £952,175.
However, it seems that this was just a hiccup in Radcliffe’s otherwise successful financial journey. Moreover, the Harry Potter actor made it clear that he does not care about losing money as he sees it as a mere tool for freedom and not necessarily an end.
Source: The Things, Go Banking
