The RICHEST Wizard in Harry Potter (You'll Never Guess) - Harry Potter Theory

Welcome to Harry Potter Theory. Today, we’re discussing the RICHEST witch / wizard in Harry Potter. Now, money is something that exists in both the Harry Potter world and our own world. It's something that most of us want, something that drives economy, and something that certainly pushes some to madness. Gold, shekels, galleons, sickles, knuts, pounds, dollars-you name it.
The wizarding world is certainly different than our own muggle world in a lot of ways, but one way that they’re almost completely the same surrounds the structure of their economy.
Economies are ‘systems of making and trading things of value divided into goods (physical things) and services (things done by people). It assumes there is medium of exchange, which in the modern world is a system of finance.”
So whether you’re muggle or magical, in order to obtain goods or services a medium of exchange is required- and this is where money comes in. Depending on where you live everyone uses different forms of currency, and in the wizarding world this currency is comprised of Galleons, Sickles, and Knuts - in depreciating order. Galleons, being the largest, are worth about 17 sickles or 493 knuts.
But that’s enough about types of money- that’s not the focus of the video, the main focus is WHO is the richest? That’s right, just like our own world, there is an uneven distribution of money in the wizarding world. There are rich families, poor families, and some people in between. The distribution of this wealth, and it’s inequality, is called the ‘wealth gap’ which is in essence an unequal distribution of assets.
Using the United States as an example, a 2013 study showed that the top 10% of families accounted for 76% of the nations entire wealth, and that the bottom 50% of families accounted for just 1% of the nation’s total wealth. This is a horrifying statistic, but- something tells me that there’s something similar going on in the Harry Potter universe. Based on what we see in the series, there seem to be an awful lot of vaults full of gold as well as an awful lot of wizards doing everything they can just to get some of the scraps. I think that a lot of this has to do with OLD money- that is, money that has been passed down for generations in certain wizarding families.
To add to all of this, there seems to be an awful lot of emphasis placed on money and status in the series. It’s emphasized time and time again that the Weasley’s are poor:
“Think my name's funny, do you? Well, no need to ask yours. Red hair, and a hand-me-down-robe? You must be a Weasley.”
‘That lot won’t come cheap,’ said George, with a quick look at his parents. ‘Lockhart’s books are really expensive ...’
‘Well, we’ll manage,’ said Mrs Weasley, but she looked worried.
“Let’s see..Red hair... vacant expressions... tatty second hand book... you must be the Weasleys.”
Inversely, Harry’s immense wealth seems to be constantly mentioned:
"Inside were mounds of gold coins. Columns of silver. Heaps of little bronze Knuts."
“Harry said nothing. He felt a bit awkward. Stored in an underground vault at Gringotts in London was a small fortune that his parents had left him.”
“Harry felt even worse when they reached his vault. He tried to block the contents from view as he hastily shoved handfuls of coins into a leather bag.”
But, just as the Weasley’s certainly aren’t the poorest, Harry certainly isn’t the richest- even despite the constant mentions of his innumerable wealth.
So- who is the richest? The Malfoys? The Lestranges? Someone..Else?
...Watch the video to find out!
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[@HarryPotterTheory]

Thanks for watching everyone! I hope you're enjoying the longer format content. Another NEW background track in this vid- did you like it?

[@HarryPotterTheory]

Views are a little down at the moment, if you could drop a LIKE to help with the algorithm it would be much appreciated.

[@wilg7735]

Hey

[@pheonixsden3850]

@@HarryPotterTheory hi how are you

[@asat9360]

The views may be down but you got supportive fans

[@wilg7735]

@@asat9360 true

[@PhanTrung14027]

Hagrid is among the richest. He doesn’t have to pay for rent or food, has access to free and unlimited soures of unicorn hair, acromantula venom, herbs in Fobbiden Forest

[@Azrael4Real]

theory of supercarlinbrother. but we have to assume that hagrid sells those things and i dont think that the case. Someone like slughorn would do that. we see him in the halfblood prince very happry when he got eh opportunity to get the venom and the leaves. which both are expensive. dont think hagrid would collect it just to sell it.

[@PhanTrung14027]

@@Azrael4Real Yeah. And Hagrid spent a lot on buying ‘cute’ pets like acromantula, ceberus and dragon egg

[@Azrael4Real]

@@PhanTrung14027 he got aragog from a travelar. fluffy from a greek guy he knows from the pub, maybe he bought not sure and the dragon egg from voldemort/quirrel which he also didnt pay for. so those didnt cost lots of money. But he when tot the pub a lot and because he is half gaint he also drinks a lot.

[@freebobux7252]

I don’t think so

[@AWX_Wrestling]

Unicorn hair yes, Acromantula venom no. It was only on Aragog's orders that the Acromantula didn't attack Hagrid. Once Aragog died all bets were off so Hagrid couldn't go near them after that.

[@ytv31]

Not to forget that the Beauxbatons Academy of Magic is funded by Nicolas Flamel.

[@pepsimax6671]

yes and i bet all that gold given from flamel is lead with gold plated

[@invoke4485]

@@pepsimax6671 Why he can turn lead into gold for nothing why would he fake it????

[@abhinavbhutada9b484]

Where it is?

[@cps6949]

@@invoke4485 the gold is from the Philosopher's Stone

[@solidsnaker1992]

@@invoke4485 i'd do it to troll people personally

[@martinlawrence9843]

The same reasoning you used for the Lestranges can be added to the Malfoy's as Narcissa was also of the Black Family..she would have received a generous inheritance and when you combine that with the Malfoy fortune, it knocks the Lestranges back down

[@BB-un2ts]

Yeah but I bet the elder sister had bigger inheritance (but as Bellatrix died, her sister had it all after)

[@masonsantos5552]

I thought Narcissa or anyone in the Black family got an inheritance because didn't Sirius have the money?

[@jca66]

Some inheritance yes but the oldest son would get all the properties as well as gold. Considering half of the Lestranges fortune was from the Black family and now Harry owns all the Black family properties and his God fathers gold, Harry is the richest wizard. The gold has to come from somewhere investments, holdings, royalties, ect. All owned by Harry now.

[@marcelsgroot]

@@masonsantos5552 Did he not mention to Harry that hes mother disowned him and that he only had money from an inherritance from an ungle?

[@thebendra]

@@marcelsgroot No, she only said she disowned him, she couldnt go through with it. How else would Sirius have ownership of 12 Grimmauld place? He was also the master of Kreacher which is only possible if Kreacher was indeed his inheritance. So I am pretty sure Sirius Black did inherit most if not all of the assets on his parents' branch of the Black family. Now, combine that with the considerable wealth of the grandson of master potioneer Fleamont Potter( I'd like to point out here that the mentions of a "small fortune left behind by his parents" are essentially incorrect for 2 reasons- 1. I am pretty sure the fortune was left by Fleamont Potter, Harry's grandfather, a master potioneer who invented a very popular cosmetic potion and not James and Lily Potter. 2. As you might have guessed already, the fortune left by the inventor of a cosmetic potion would be, in no sense, a 'small' fortune), and we might just have another competitor for the title

[@stfjesusfreak]

Sirius was the last male Black and his family left him with great wealth; once he died, all he had was given to Harry; and we know through the Potter side, Harry was already a very wealthy. I’m betting with as much gold Harry had before adding Sirius’s gold, was equivalent to a few million dollars; and the Black family fortune through Sirius’s line probably increased it triple fold, at minimum I’m betting. So, Harry and Ginny owned a lot of property, had tons of gold and lived quite well I imagine.

[@marcpasquinelli2548]

12 Grimmauld Place was/is probably worth millions by itself!

[@natalierathbone4349]

@@marcpasquinelli2548 is it 13 elsewhere in the world? That’s interesting. It is number 12 in the original British version

[@marcpasquinelli2548]

@@natalierathbone4349 Oops! Typo :)

[@natalierathbone4349]

@@marcpasquinelli2548 ah ok, was wondering if it was different in different places, like the Philosophers Stone being the Sorcerers Stone in the States. To be fair, 13 would be more appropriate for the magical world 😊

[@Enigmatic..]

I haven't read the books just watched the movies so i'm curious. You said that because Sirius was the last male Black his family would have left it all to him but in the movies his mother hated him and burnt out his name from the family tree in their house. So why would he inherit anything, or does this not happen in the books ?

[@mattc3581]

Flamel should be hands down the richest wizard (or witch) simply because he owns the philosopher's stone. He doesn't need to have a huge store of gold. The stone alone would be worth more than any number of country houses and jewelled goblets!

[@morrigankasa570]

Or at least the immortality lets you observe both the Muggle and Magical world so perhaps can make many smart investments into various businesses and things that can pay you back a consistent profit. You say gave a business 1000 galleons to help them start it out with an agreement that states you the investor gets 5% of the profit in perpetuity. The business takes off and over the next 100 years at minimum that's quite a bit of money. So if Flamel did that with say a dozen businesses all of which turn out to be quite profitable...

[@solidsnaker1992]

@@morrigankasa570 hell honestly if he wanted to be rich, he could just buy a scrapyard pay some people to strip out all of the metal turn it into gold and boom buy a country or a something

[@albinovibbert7490]

He's dead

[@solidsnaker1992]

@@albinovibbert7490 Yes he is in fact dead

[@cr4zyj4ck]

@@morrigankasa570 investments and the such are literally a joke when you have a magical item that lets you create gold from literally any other metal. If you owned the philosophers stone, it and it alone has the value of all the money in all the world - why do you think it was sitting in its vault at Gringotts alone, with no gold or silver surrounding it? There simply was no need for Flamel to create any more gold than he needed for immediate use, because the stone allowed him to have an infinite supply. Eternal life, (as long as you have the stone) and infinite money - no need at all to hoard the gold. It would simply attract theives and attention to create giant mountains of gold (not to mention cause ramapant inflation.)

[@connormcgough9898]

I just got a economic lesson, and watched a great Harry Potter video. You’ve gotta love it

[@TotyVale]

You didn’t get an economy lesson, you got some sorry ass explanation on why some people are rich and other poor. 🙄

[@rockizcool4645]

@@TotyVale Rude much?

[@jakzak23]

@@TotyVale Someone's marxistic!

[@darylsdesigns6679]

“Wasn’t he just some humble old fart obsessed with Alchemy?” Me: 😂

[@weedragonauts4729]

honestly i forgot take into account that he can legit just make gold when they were talking about wealth

[@jamescheddar4896]

yeah the biggest thing alchemy is known for is the transmutation of materials into gold. transmutation is not the whole of alchemy, as its actually a real life dead science that existed before the discovery of chemistry and biology. before atomic theory or cell theory they believed matter was all the same stuff with varying degrees of purity, decay and degradation was believed to all be caused by natural impurities. once spontaneous generation was disproven alchemy became completely useless in the real world

[@haakonmusic7172]

I never got the impression that Flamel used much of the "turning metal into gold"-part of the philosophers stone

[@12jswilson]

You really only saw him in the last hundred years or so if his life when he's already had everything the world had to offer. Anyone that that seeks a philosophers stone is extremely ambitious. There's actually 2 different traditions for alchemy. The far East and Europe. The far east was more interested in the immortality aspect while European alchemists were more interested in turning lead or some other base metal into gold.

[@erikperhs_]

@@12jswilson He didn't seek the Philosopher's Stone, he created it. And I don't think he created it for gold, I think he made it for the science of it and for the immortality thing. Since he lived for 666 years, it is safe to say that he REALLY didn't wanna die lol

[@12jswilson]

@@erikperhs_ he sought to create the philosophers stone. It had been theoretical for centuries before he made it

[@PhilBagels]

Think how much money it cost him to create - materials, tools, fuel, whatever else goes into creating a Philosopher's Stone - and all the research it would have required, and the time - all the time it took, Flamel would still have to eat and pay rent and everything just to live long enough to complete his research and finally make the stone. He may have gone into massive debt in the process, so once it was complete, he made a bunch of gold to pay back everyone he owed. And he's certainly entitled to some gold himself after all the hard work and struggle. OTOH, if somewhere in the Harry Potter universe, someone owns the goose that lays golden eggs, that person might be even richer.

[@blueberryhearts4820]

@@PhilBagels Do you really think that the Charlie and the Chocolate Factory is in the same world as Harry Potter?

[@NeevTHM]

Flamel: goes to diagon alley Credit card declines Shopkeeper: I'm really really sorry Nicolas, but I have to do this- Flamel: *picks up the stone* EXCUSE ME YOU MORTAL

[@madhvikachappal4540]

*mortal* that hit hard-

[@NeevTHM]

@@madhvikachappal4540 ah yes.

[@stfjesusfreak]

Yeah, then Flamel pulls out his car keys, turns them to gold, and buys the store; and fires the cashier.

[@rakshithrao4093]

@@stfjesusfreak well that went too far come on man the guy is just trying to do his job

[@JungleBogen]

it is Nicholas Flammel. He had more time than others to accumulate a massive amount of wealth as he lived for more almost 500 years. He was also in possession of the Philospher's Stone which had the capacity to turn any object into gold. So this definitely makes Flammel the wealthiest character in Harry Potter world :).

[@katewarnke418]

I like to think that, due to historical Muggle marriages, the Malfoys have a lot of money invested in the Muggle world, probably with investment advisors and everything. No one in the Wizard world happens to know about it, which is why it’s such a mystery. And that a son of a pure blood family wanted to marry a Malfoy daughter. When he was refused, a curse was placed on the family so there would e only one male per generation.

[@paulwagner688]

Harry also inherited what was left of the Black family fortune, as Sirius was the sole heir after Regulus died. Sirius was also bequeathed his uncle's considerable fortune. Plus, Harry's own fortune kept increasing, as Harry's father invented Sleakeazy's hair care products. And he got a taste of every sale, as you do.

[@tugsman5]

Title of video, "You'll never guess." Me immediately saying Flammel cuz he could turn metal into gold AND lived so friggin long to aquire a crapton.

[@invoke4485]

Ya and he can get the base metal for free via magic

[@Craig_Narramoore]

Nicolas Flamel and the Mage of Compound Interest.

[@Guy-iv2hw]

Voldemort was obviously the richest.

[@pav0l694]

Me too

[@fantasticreddinsandwheretofind]

We are loving your content! Keep at it! Very interesting videos that make you think.

[@ashwathan9734]

One of the best hp theory channels on KZbin. Also love ur new background track!!

[@raquelalmeida9002]

I wonder, with Bellatrix and Rodolfus dead, who came into all that money.. I guess the Malfoys (Draco being their nephew)? Or is there any other lestrange branch to have precedent? Or, maybe, the money would go to house of black, the closest patrilineal relatives... Hence becoming Harry's. Also, I think the Malfoys are definitely richer than the Lestranges at the start, not only older money, but greater possessions makes me think that if we had a sneak peak of their volts those would be much ritcher than those we get to know. For all the pompousness of the Malfoys, I think it really is rooted in greater welth: they are all very cunning and I'd wager good planners (judging by the diary debacle), the only mistake was to get involved with Voldemort, not realizing the true monster that he was. So good money, good planing and muggle enterprises would make them the ritcher in wizarding Britain, whereas the Lestranges and Blacks, being more prone to madness and obsessed with "blood purity" would not be so stable and successful business people. Now Flamel, while having the capability to definitely be the richest, doesn't seem to me to have had the inclination... No one needs to have that much money, and he seems to be in it for the intelectual and scientific pursuits, rather than the material ones. In the Philosopher's stone, we learn that he'd rather end the "artificial extension" of his life (eventually) than allow Voldemort to get his hands on the stone. Thus proving to be a selfless and good person. So I think he would only take advantage of the stone to make enough gold to live comfortably, help some people and/or causes when need be, and not stand out as a rich person, preferring to live in peace with is wife and his research. So I'd give the 'richest' title to the Malfoys, know to have mostly only sons, good investors, and veeery old money, at least within the wizarding people we know about.

[@toddlower5546]

Who got the money? Don't forget the government. Bet the ministry tried to grab it. :-)

[@miranda2421r]

Logically speaking, the money couldn't possibly go from the Lestranges to the Blacks after the death of Bellatrix and Rodolphus. The Black family had died out with the death of Sirius. From a legal perspective, Harry is nothing to Bellatrix. In fact, I suspect that Bellatrix knew that if Sirius were to die, pretty much all of his wealth would come to her, Narcissa and to Andromeda. Except that Sirius was smart enough to compose a will, leaving (next to) nothing for his actual family and instead leaving it all to Harry, his godson (again, there was no legal connection between them). Now to answer the question you raised on who would inherit from Rodolphus and Bellatrix, it largely depends on the laws in the wizarding world (of Great Britain). I’m only familiar with the Dutch laws and that is only a little bit, but I presume they are fairly similar in the basis. If I remember correctly, Bellatrix died later in the battle than Rodolphus. Normally, this would mean the money would be Bellatrix’ property upon the time of her death (unless they had other official arrangements in their wills and/or marriage). Thus the money of the Lestranges would predominantly go to her closest living relatives (Narcissa and Andromeda), and perhaps some to any living Lestranges (I don’t know much about their family), and basically all of it would be divided in tiers of closeness of the living relatives to Bellatrix. A very simple example of how this could work: Narcissa would inherit 10k from Bellatrix, which would either be shared or not with Lucius depending on their marital arrangements, and Draco would inherit 1k. But say Narcissa and Lucius wouldn’t use any of it before they died, then Draco would inherit everything from them at that instance they both have passed away. Then again, it might be a bit different in this case, depending on how their wills were structured, their marital arrangements, if there were sufficient witnesses to establish who died first in the battle (if it mattered at all), whether or not people declined the inheritance and the chance of family members disputing the inheritance. With regard to your comment about the wealth of the Malfoys being larger than the Lestranges, I fear it is almost impossible to say. We must remember that the Lestrange family is possibly much larger than we know and that there are potentially many more details to it than we have learned from the original Harry Potter series. For example, we don’t know if Rodolphus and Bellatrix had a manor, much like the Malfoys, but couldn’t use it as the ministry would certainly keep an eye on it as they had both been sent to Azkaban and had broken out (making them some of the most dangerous searched fugitives). And as the Fantastic Beasts franchise demonstrates, the Lestrange family is so much more international and large than we originally knew. We also don’t know for certain if there are more family members hidden from our perspective still and whether or not they were successful in managing/expanding their wealth.

[@sheron4297]

Well with this comment I dont need to watch the video

[@mariamatedei]

honestly i thought Sirius black and what he left to Harry after death was going to be mentioned

[@mariamatedei]

@@miranda2421r knowing a little about UK laws of inheritance, it seems it would be hard for any female family member to receive anything from a male family member, for a long time things were usually passed down from male to male only, this is mostly true for the 19th century but the wizarding world in GB is notoriously stuck in the past in some places. At the time Narcissa and Bellatrix would marry into the Malfoys and Lestranges all their Black money would "dissapear" and the rightful owners of that money would be Lucius and Rodolfus then when these men died, it would all go to their eldest son or male relative (Draco for Lucius and any living male relative of Rodolfus) even if Bellatrix and Narcissa were still alive at the time of their husbands death (only if laws are stuck in the past of course). All Black money these two women may have would have been in the shape of a dowry, a medium sized small fortune put in place by their male relatives to attract good husband's (basically "if you marry this woman you'll get X amount of money from her male relatives/father"), and I'm inclined to think this is still a thing even in the 90s because of the attitude all these pureblood families have like their minds are stuck in the 1800s. So all the Black money that in the 21th Muggle century would have been given to the Black sisters (Andromeda had been disowned by her family anyway, that probably saved them a dowry though) in the world of these highborn stuck-in-the-past families would likely had gone all to their only living male relative on the Black line, Sirius Black. If he had died without a will the line would have to be traced very far back to find another male heir, but because he had a will it goes all to Harry Potter (or it would all be taken by the government, but knowing how important family trees were for the Blacks it makes sense it would be easy(er) to find someone at last).

[@asat9360]

This does make sense after explanation but just at first thought you would think of someone like the Malfoys, Potters, or Lestranges( house of black)

[@marcelsgroot]

I agree I thought of those and it was a suprise but makes sence now indeed. A very good video

[@golden_left_nut2260]

You're the only channel i watch the adds for bc i hope it helps you keep making content

[@barbiquearea]

What about Newt Scamander? He had a magical bird that could lay silver eggs in his briefcase zoo.

[@greninjafw]

I doubt he was actively selling the Occamy eggshells He's already not one to go after power, so money will definitely not be something he's after He'd have the potential to though Though if it were that simple I'm surprised people don't own Occamy farms

[@realmdarkness]

@@greninjafw They're probably tricky birds to raise and manage. Takes a skilled pro like Newt

[@barbiquearea]

@@greninjafw I think he still needs to buy a lot of food to feed all his creatures which means he probably has to sell the silver egg shells in order to do that.

[@lanetower3411]

The price of silver these days is down….

[@pedros919]

@@greninjafw poooop

[@revan21668]

Just finished watching the semifinals for the euros, and I come back to this to unwind. Very pleasant.

[@iflankzttv2981]

Likewise, a good night.

[@kelvx]

Theory: If boggerts replecate the actions of what it has casted, then shouldn't lupin have started transforming when he saw the full moon?

[@stnmtambat9374]

Boggorts merely take the shape of the thing your most fear but they are actually not the "thing" you fear. In the Goblet Of Fire, when Harry enters the maze, a Boggart is shape of dementor appears in the maze. Harry casts the patronus charm but nothing happens. And he realises that it's a boggort. He quickly spells riddikulus and the boggort disappears(transforms). So I believe Lupin's non-transformation is justified.

[@kelvx]

@@stnmtambat9374 I understand ur counter argument, however it is also said that the boggorts can replicate yhe powers of what it has formed, just like how in goblet of fire when Lupin was teaching harry the patronus charm, he could still hear lily potters screams which shows that boggorts can affect you in real life.

[@janm3781]

@@kelvx PoA not GoF, bit otherwise you're right. It is shown several times that Dementors can replicate the powers of the entity they transform into to a degree.

[@kelvx]

@@janm3781 Yes PoA thank you for correcting me

[@Elenaza92]

@@kelvx maybe can replicate powers of other creatures, but not a celestial object, it shows only a "image" of the moon and not created a hole moon. An maybe is more of a werewolf curse requirements than the boggart's effect. (I need to go back an read about this 🤩)

[@shorv]

OP: You'll never guess Me, a rube: *guesses right immediately*

[@tatakae5069]

I'm rereading the chamber of secrets and I just thought about something. How rich is Lockhart? The weasleys say that his books are very expensive and they were on the bestselling list multiple times, and let's not forget that the entirity of hogwarts students had to buy all of his books in Harry's year 2.

[@parisakamali4123]

He was " insanely " rich 😜

[@kenadkins1360]

All books are expensive when you have no money.

[@PlayingAy0]

@@parisakamali4123 Lockhart: I am?

[@alextrill1746]

Loads of money made by fast-burning starlets like him are nothing compared to old fortunes. Plus Lockheart always struck me as a person who spent that money almost as quickly as he got it.

[@tee8429]

I recite the intro every single time.. my favorite channel 🤗

[@HarryPotterTheory]

Thank-you!

[@nicolaschaigneau2001]

I doubt Nicolas Flamel used too much that power to create gold for two reasons : First he was quite humble and I think his fortune is enough for him. Secondly he was wise enough to understand that creating gold from nowhere could change its value and shift the whole economy, thus endangering his existant wealth as well as everyone's

[@Giantsfanlewis]

Yes but as long as you have the stone, your gold total is unlimited which makes him the richest by default

[@kenadkins1360]

Assuming of course he cared to hoard gold he seems more the type to hoard knowledge and make gold only when he needs it. Harry however not only received the Potter fortune but also a fairly large portion of the Black fortune either when Serious died or went to prison. He probably has a second vault the never visited.

[@rrangellister]

New background theme = Completely amazing 🙌🏽

[@elduardo2496]

"You'll Never Guess" HP fans before clicking the video: "It's Flamel, isn't it?"

[@Rachel31509]

Can u please do a video of the top 10 or 5 richest wizarding families?

[@lillylawson981]

Can you do a video about the time that someone said “all dark wizards come from Slytherin.” even though at that time they thought Sirius Black was a dark wizard.

[@reenakumar4225]

It was hagrid exaggerating

[@virien13]

@@reenakumar4225 can be true

[@bestever74]

I'm convinced all dark wizards who weren't in Slytherin had Slytherins in their bloodline.

[@cherylalikhani5957]

Merlin was a Slytherin.

[@lillylawson981]

@@cherylalikhani5957 that doesnt have to do anything with my comment?

[@rochrich1223]

The magic of compound interest.

[@m14srv]

Given the friendship after flamels death dubledore may have inherreted his fortunes via a will

[@saschageneugelijk2905]

I really thought that the Black and Lestrange family were the richest, until I saw this video, ofcourse

[@invoke4485]

I was always sure we never got to see harry's true vualt as giving a kid all the money of the family when you know Voldy is hunting you down is stupid. I was sure the one in the book was a trust vualt

[@zacobyz4431]

How do muggle parents like Hermione's afford things in diagon alley? Is there a place to exchange muggle money with wizard money?

[@openspace3687]

Gringotts bank exchanges muggle currencies to britisch wizarding money. As seen in the books: chamber of secrets, chapter four.

[@zacobyz4431]

@@openspace3687 thank you!

[@johnking5174]

It is also stated that when a muggle born child gets their Hogwarts letter, it is delivered by one of the professors, who inform the muggle parents of the existence of the magical world, and help them with practical things, which includes money.

[@openspace3687]

The help examplified: Hagrid (only staff member back then) and Harry in the first book. Dumbledore and Tom Riddle (Lord Voldemort) in the sixth. There is also a fund for underprivileged ingluding muggle born students as offered by Albus to Tom. Good remark @John King

[@johnking5174]

@@openspace3687 Thank you - I am always interested in the money system of their world. I do wonder how their money is backed in value. Gringotts Bank seems to be the only wizard bank in operation, unlike muggle banks, which are plentiful. Someone wrote that Gringotts Bank has a secret connection to the muggle banking world, hidden by charms and protection, thus helping their world to be financially stable.

[@benjaminedenfield3368]

Great reaction! So, Harry inherited the house from Sirius but did he inherit the money from Sirius' parents? With the Lestranges dead, did their money go to Teddy, assuming the dragon did not destroy it? I assume the money would go to Narcissa as Andromeda, Tonks' mom, was outcast for marrying a muggle.

[@sharangs695]

To your first question. Dumbledore tells Harry in Half-blood prince that Sirius's money had been added to harry's vault making him even richer as Sirius was the last heir of the black family.

[@sharangs695]

to your second who said that lestranges died? cursed child is a bad play but it reveals that Rodolphus(Bellatrix's husband) told Voldy's daughter abt her parentage. so he keeps it all.

[@benjaminedenfield3368]

@@sharangs695 I thought they both died in the final book during the BOH. I figured Bella would have inherited money from her parents and possibly some when Sirius's mother passed.

[@traceywye6504]

When you said who is the richest, I thought feanel as living so long he had to generate money or be constantly at work also producing the P stone would take money

[@Gerry1of1]

Before watching I'm guessing Nicholas Flammel. For centuries he had the Philosopher's stone and could turn anything into gold.

[@Guy-iv2hw]

Voldemort was obviously the richest.

[@ashleyofnaath]

I thought it was Bellatrix; for the reasons you mentioned and because of her extensive prison term which would've left her unable to spend her fortune for years. Putting that aside, I'm partial to Blaze Zabini's mother's financial model- acquire vast wealth by repeatedly finding rich husbands after each dies under mysterious circumstances😂🐍💸.

[@ashleyofnaath]

@Fogburg Edits Right? I always thought that as well.

[@morrigankasa570]

@Fogburg Edits How dare you insult sewers with Umb*tches name!!! Even Voldy was like a toddler throwing a tantrum compared to her!!!

[@erikperhs_]

Also, they mention that there was A CROWN in her vault. I mean... Crowns aren't usually a normal accessory, so maybe she has a royal relative somewhere?

[@heinzifax]

I never thought about that, but it makes sense. With another incredible bonus, if there is a great source of income the longer this exists the more it will bring. Extra hefty in the case of Flamel.

[@rayblair3933]

I like this longer vids but missed the theme you use in your snape videos

[@HarryPotterTheory]

I'll bring it back, don't worry. Just changing tracks around to keep things diverse!

[@rayblair3933]

@@HarryPotterTheory awesomeness loved the liquid luck video that was awesome keep up the hard work your the greatest

[@LycaonsMemories]

i always thought the malfoys and harry were about the same for wealth. while the malfoys were rich in the past, they seemed to on a downward slope

[@nathlack6170]

Key to wealth in the Harry Potter world: 1. Go to gringots with as much muggle money as possible and exchange for galleons 2. Go to muggle goldsmith and sell the gold for muggle money 3. Since a galleon is cannonicaly worth less than its own weight in gold in the muggle world repeat until rich

[@wherami]

Now thats a researched theory. Wow

[@raghavparanjpe9556]

I knew he would be the richest, but I don't think he would put much stock in amassing huge wealth, like the malfoys n all, they just collected riches like it was their life. I don't think flamel was a greedy fellow and thats y what I think is he chose to just have ends and means to his life and not unimaginable riches!!! So theoritically noone can be richer than him, but in reality I don't think he used much of that power!!! So practically Lestranges would be it

[@stfjesusfreak]

Me: I’m poor and need a loan. Flamel: give me all your coins in your pocket. Me: Thinking why? And hands them over. Flamel: turns them all to gold. Me: never had money problems again. 😀

[@scentmemories1047]

The presumption that Flamel would’ve used the sorcerer stone to turn anything into gold is a good theory but there’s no evidence to support that he indeed used those inherit powers for personal gain. Thus I don’t believe he is the richest wizard

[@bmxriderforlife1234]

Eh he would've only had to make a little gold from any base metal and then invest. He had more years to make money from investments then anyone else.

[@eugeneruby433]

07:04 That last ad would've been a perfect opportunity for a Raid: Shadow Legends ad to pop up. "...but I think I know of someone even wealthier..." Cue ad: "RAID! SHADOW LEGENDS!!!"

[@justauser4069]

Could you please do ‘What if Draco followed through with the task?’ How would the story have ended differently

[@Teasaw]

That’s a good idea!

[@fenix9355]

Honestly, I had this idea about Flamel too 😂🔥

[@soumyadiptaganguly8729]

I have a few really big questions in my mind and I hope I will get some clarification on them. 1. Is minister of magic a minister in British parliament? 2. If the answer of Q1 is yes, then how British Parliament is allowing a parallel currency within the country instead of Pound? 3. Does Gringotts Wizarding Bank exchange British Pound or any other currency to Galleon, Sickle, and Knuts? 4. How do the first Wizard or Witch from a Muggle family pay for their stuffs in Diagon Alley? Do the shops there accept British Pound for payments?

[@Maydupnem777]

I guessed it would be the Ollivanders, seeing as they had been around for 2500 of uninterupted wand-making. but nicolas flammel makes alot of sence. Good video!

[@WCLCooke]

I wonder what happened to the contents of the La Strange vault after Bellatrix died. Did it go to her sister Narcissa Malfoy? Or did it go to the government or did Gringgots kept it?

[@pinkjedi6664]

Just thought I would mention that the K in Knut is silent you pronounce it like nut not knut. It's like Know and Knight, just thought it was worth mentioning.

[@raghavparanjpe9556]

Video Idea: Who exactly sent the hogwarts pre-start letters and how did that thing or person know where exactly the student was!!!! I mean like harry got his letter where he was, did this happen with everyone, I mean does that letter have that student's IP address

[@marilynlucero9363]

I recall the song played in the beginning!!!! Vault of Ambience's Enchanted Forest! The first part, they have 4 or 5.

[@Jimmylro]

As the economy crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive as we as secure a profitable investment future.

[@maryruski9391]

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[@mustakhusain6809]

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[@Alan.7115]

I've heard a lot about him, how do i reach out to him?

[@kathleennewrones4472]

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[@Lawson4996]

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[@davidmuttillo2806]

Didn't expect what you said, but when you did, I wasn't totally surprised and your deductions here are pretty reasonable.

[@TnT_F0X]

I guessed Flamel or Potter since Harry inherited Sirius' wealth and had all 3 Hallows, each indescribably valuable.

[@rei8968]

Going on speculation I am willing to bet that there is a goblin out there that is richer. Goblins monopolise the only bank magical Britain and I'm will to bet its similar in other magical parts of the wizarding world. A lot (not all) of the wizarding world seems pretty stupid in financing where as a lot of the goblins seem greedy and want more. I could go on but I'm lazy to write anymore.

[@divyansharora6788]

Goblins are smarter, they have feeded upon the Wizarding economy due to their ignorance. Also, I don't think that there would be some really rich goblins, I think they are socialist (just guessing)

[@mellchiril]

hhm have to admit I didn't immediately expect his name, but tbh I never really thought of him much to begin with. Once you said the name it started making a whole lot of sense.

[@greenbutter3190]

Stable video 👍

[@telos2920]

I don't really understand the philosopher's stone itself and how you turn any metal into gold. Is there an Elixir of Life INSIDE the stone? Is there a lid on the stone so you can open it and drink it? Do you have to refill the stone with Elixir of Life? If so, what is the point of having the stone, can't you just pour the potion into a goblet and drink it? How exactly do you turn any metal into gold? Do you pour the elixir inside the stone on the metal? Owing to its small size, wouldn't the small amount of liquid inside the stone only turn small amounts of metal into gold at a time?

[@lebana]

Maybe the stone is the main ingredient to a potion to make the elixir of life…it can equally be the main ingredient to another potion to turn metal into gold.

[@audiobooks7766]

Thinking about how humble flamel was, I don't think he used the philosopher's stone for turning metal into gold

[@kght222]

the pictures of paper money at the start of this video just made me think when was the last time i carried cash in my pocket as a normal thing. it has been around three years. i saw a hundred dollar bill yesterday and it looked weird.

[@lainie5590]

Where do you get your research from? I’m always wondering

[@lainie5590]

Do you just search it up on google?

[@Azrael4Real]

@@lainie5590 lots of info can be found on the webpage of the wizardig world. there is lots of info writing on all kinds of characters, events etc..

[@lainie5590]

@@Azrael4Real that’s cool

[@ElephantyG]

I always try to comment on your videos

[@hellarrownoe6410]

On a Harry Potter related topic: Something I have always wondered, did the curse that Lord Voldemort put on the Defense against the dark arts job still beyond his death?

[@avarralythande5129]

Rowling addressed that once: no it didn’t carry on past his death.

[@J4swn]

Hello I was wondering if you can link me a site where I can buy the original harry potter books that contain every single thing that rowilling wrote I 'd be really gratefull if you can do such a think Much love for you and your content

[@bradleydemeritt5466]

I love how a Harry Potter channel is lecturing me about economy in America like he understands it 😐

[@faze_pink1039]

I think I have found where the Malfoy is live it is Corsham court because they have over 280 peacocks living on the grounds and given to a American family over 10 centuries ago Corsham cout is in Corsham,Wiltshire,England

[@BjornV1994]

Nicolas Flame is one of the most dangerous wizards that ever lived, at in a very unique way too. How many wizards or witches can claim that they cause hyperinflation. Even if he didn't use his ability to create money, he could crash the antique, the gold and the art market with the creation of golden artefacts... The guy could have conquered the magical world and he shouldn't even have raise his wand.

[@ehclan]

If your patronus changes if you love someone like Lupin and Tonks. Who’s patronus do they take?

[@muntahasultana7926]

Lucius Malfoy is the 11th richest fictional character...

[@imogengracej]

Oh wow

[@HassanPlayz]

dang-

[@maximumvio1et677]

If half the Black family wealth went with Bellatrix when she married into the Lestranges, then half would've gone with Narcissa when she married into the Malfoys. But it didn't, because neither of them were from the direct line. Sirius and Regulus were, and Sirius clearly inherited everything from his mother (his father being the previous heir to the direct line). Which actually doesn't make much sense, as Narcissa was the only remaining member of the Black family that was not disowned (Sirius, Andromeda) or imprisoned (Bellatrix, Sirius) when Walburga Black died. It must be assumed that Walburga re-inherited him, falsely assuming he did betray the Potters and killed 12 Muggles. There's no evidence that a) the Lestranges are wealthier than the Malfoys or b) that any of the Black family wealth went to the Lestranges. Sirius clearly had everything from the Black family, which was certainly more than the Potters (Harry mentions the Firebolt would probably bankrupt him, but Sirius bought it and had plenty of money to leave to Harry when he died). I'd say based on the evidence, we can't conclude who was wealthier, the Lestranges or the Malfoys, but only because we don't have any examples of the Lestrange's other assets, only what they have in their vault. And the Malfoys are heavily invested in land, valuables outside their vault, and businesses. Flamel is obviously the wealthiest though, he can transmute any mineral into gold whenever he wants. I don't think anyone ever disputed that.

[@richewilson6394]

If I was Harry Potter in the Chamber of Secrets after hearing the howler to out Ron and his family for what they did with the car I would have at least sent some galleons to mr. And mrs. Weasley to say sorry and that this is for all the legal fees.

[@The_Elden_One]

I honestly would too if I were him. But I figure the weasleys would be too independent and kind to accept that kind of money from a 12 year old boy.

[@richewilson6394]

Or a early Christmas present Maybe

[@morrigankasa570]

The Weasleys are too proud to accept it even if he offered. Additionally with the Triwizard winnings he had to essentially force the Twins to accept it.

[@avarralythande5129]

@@morrigankasa570 exactly!

[@avarralythande5129]

Like they would take money from an orphaned child who had a dark wizard hunting him. Never.

[@mariannejensen349]

when in the series, was that quote stateed?

[@patelrajeshbhai5298]

I guessed the richest wizard by seeing the thumbnail only- the immortal philosopher!

[@andreaslindholm3605]

If I remember correctly (and a pardon if this is already mentioned) the philosophers stone of history was thought to be able to turn lead into gold, not all metals.

[@tyler7436]

The multiplying gold antiques in the laStrange vault… it could theoretically just keep going and it would raise her net worth way faster than turning random scraps of metal into gold

[@morrigankasa570]

The copies disappear soon afterwards and if they remained that would plummet the value of gold due to supply and demand. Take in real life you created a super special valuable object of some kind, you start with just 1 that perhaps can be sold for $1000, then suddenly you figure out how to make 1000 of those objects (for example but almost any number would do) you do so and the value drops to $1 or something like that. You have more supply maybe less demand and part of the value is rarity when something is rare it is vastly more valuable but when you have many more of that thing it's value decreases.

[@tyler7436]

@@morrigankasa570 supply and availability… totally different things. Take diamonds for example. They’re not rare at all but it’s availability is heavily controlled to the point that they’re still valuable. I didn’t know that the gold cups and and all that disappeared. that’s a good point

[@markkuilomaki1173]

Thinking about the subject. One doesn't need piles of gold when he/she has object which can make gold when ever and how much ever needed. Wonder how happy weasleys would've been, if they had their own philosopher's stone to make money (at least enough to manage)

[@elibane6549]

Ok. But what was in the flask in lestrange vault? If its covered in jewels, it must be important. Weve already seen liquid luck, what potion could be so important that you stash it away in a secure vault?

[@asat9360]

I think you should increase the sound of the music and put the older background music. You should only do music in harry potter movies. IT seems fitting.

[@mrtron2011]

Can't even lie, that really does make sense

[@brentdube1061]

Flemmel: Let me introduce you to this little thing called compound interest...

[@PortCharmers]

Wouldn't you just devalue gold if you "create" tons of it out of other metals? Alternatively Flamel could blackmail airlines and threaten to chuck bits of Philosopher's Stone at airplanes that are just about to take off.

[@Natalie-xy7zy]

I thought it was the Lestranges but Flamel makes a lot of sense. :)

[@SnekAlt]

When mentioning flamels age, you forgot to take into account that we got his age from a textbook. Ture he was 665 when the textbook was written, but it was probably outdated as books in the wizarding world don't renew their information if facts change.

[@GrantDolanMusic]

I have always thought that the book had a spell that made it update. Kind of like the maps updating everyone’s location.

[@olderniva7365]

Can you do a video about what if Voldemort picked Neville as his equal

[@barbiquearea]

I understand there would be a wealth gap in the Wizarding World similar to our own, but when you consider all the things magic practitioners can do, there really shouldn't be any truly poor wizards. I mean when you have a spell that turns animals into water goblets which second year students learn, couldn't the Weasleys just capture some wild animals in the forest and turn them into water goblets and sell them to some unsuspecting muggle? In fact anyone who is enough at transfiguration could just use magic to turn low valued objects into high valued ones and sell them off. I suppose Arthur and Molly weren't the most savvy couple but when you consider all the advantages of using magic, they honestly shouldn't be as poor as they appear.

[@Lucy-gr4yt]

Actually selling items with any magical properties to muggles is illegal and the ministry has several ways to catch people who have sold them or done the magic. Arthur’s job is to catch these people and stop it happening again, so if he were to do this he would lose his job...

[@pendragonshall]

Most interactions with muggles are illegal and especially the kind where you sell charmed/bewitched/transfigured items.

[@barbiquearea]

@@Lucy-gr4yt Why would it be illegal to sell transfigured objects to muggles? Do they turn back eventually or present some other kinds of danger? If not then it would be no more different to say someone takes some lemons and turn them into lemonade to sell.

[@Lucy-gr4yt]

@@barbiquearea still illegal and he would still get fired...

[@Simran_Kim]

Hey @Harry_Potter_Theory please explain me these two questions. 1. How did harry become a horcrux if you have to intend to make one while making it. Also, Voldemort already had 7. 2. Dumbledore allowed to save buckbeak with a time turner but not longbottoms or potters or anything from the past. Why?

[@mrdr0161]

Dumbledore saved Buckbeak because he knew had had already been saved. As explained in the book, you cant go back in time and change whatever the hell you want

[@Simran_Kim]

@@mrdr0161 but if time turner was used, potters and many more would be saved too. isnt it. well, time is tough to understand haha

[@lainie5590]

I always thought that knuts were pronounced without the k

[@hvirdberg8532]

Nicolas “inflation” Flamel. Printing your own money wont make you the richest, only decrease the value of what you had.

[@maroastaansunkissastallaka1150]

ITS COMING HOME

[@dvdv8197]

After a bogus penalty. Schwalbe from Sterling. Very sad indeed.

[@familyf.c.j1582]

I thought it was going to be Snape based on the shape of the green figure on the cover picture

[@aniksamiurrahman6365]

Video idea: How wealthy was Voldemort? On the same vein: How wealthy was Dumbledore?

[@CidVeldoril]

Imagine being some tenant farmer working on a large estate, doing rather well for what you do and your landlord is Lucius Malfoy. I can just see him walk by, inspecting his lands with one of those muggle farmers being like "Top of the morning, Lord Malfoy!" and I do believe, it'd make Lucius smile. Then again, such a situation in which muggles perform manual labour for the ultimate benefit of their wizard overlord is not exactly opposed to Magic is Might or the "Greater Good".

[@SCGMLB]

I’ve noticed that many people with lots of money are ones who you would never expect had it. They don’t live in super fancy houses or have flashy cars. They have nice homes and nice cars, but they know what they need and how to spend their money prudently.

[@asjaosaline5987]

And thats why they get richer every decade or generation. Why need to buy personal plane its expensive and maintance fees are huge. I think In HP universe there is also kind of people. Mybe they do not like UK . HP world is also huge wizards are everywhere.

[@Iris_Collins]

Harry probably has more money than he knows about... since he is shown a small vault with nothing in it but money, and the Potters were also old money. Harry never inquired at Gringott's about his own monetary situation, since he never went there alone.

[@joeybulford5266]

My guess was Olivander. Cause every wizard needs a wand. Seems like his business is pretty solid.