Harry Potter Forums

Harry Potter Forums

Forum RulesRules   FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister   ProfileProfile   Private MessagesPrivate Messages   Log inLog in
The Potters and their money, how and why were they so rich?

 
Post new topic   Reply to topic    Harry Potter Forums Index » The Great Hall
Author Message
piriyanth
Muggle

Joined: Jan 1, 2008
Location: Australia
Posts: 16

PostPosted: May 13, 2008 1:22 am    Post subject: The Potters and their money, how and why were they so rich? Reply with quote

was just wondering how come the Potters were so rich?

It seems quite clear that James was an only child and that both sets of parents are dead or Harry would have gone to his grandparents.

Lily's family were muggles obviously and so any money they left behind would have been muggle money and split two ways anyway. James's family could have been well off and left it to him.

The house they were living in at the time of their death was a safe house so did they have another which was sold and the money given to Harry?

It would appear that Dumbledore was the executor of their estate as he had Harry's key for the vault at Gringotts, how long ago had they given this to him?

What did they do for a living, there is no mention (that I am aware of, although I am not infalliable!!) of what they both did?

I ask this cos it has always puzzled me and i think it is important as I think there is an interesting split between the rich Harry arriving at Hogwarts with new everything and Tom Riddle arriving on scholarship with second hand books and robes.

Is money an imprortant theme in Harry Potter do you think or are distinctions of class in the books made more through pure blood/half blood/muggle born status??!!!
Back to top
zengrenouille
Head Unspeakable
Ravenclaw Member

Joined: Aug 1, 2007
Location: Sharon, PA
Posts: 10356

PostPosted: May 13, 2008 1:31 am    Post subject: Reply with quote

This is what Jo said:

What did James and Lily Potter do when they were alive?

Well, I can't go into too much detail, because you're going to find out in future books. But James inherited plenty of money, so he didn't need a well-paid profession. You'll find out more about both Harry's parents later.


http://www.accio-quote.org/articles/2000/1000-aol-chat.htm


I don't think that either of Harry's parents had any time for a career. They went straight into the order, which I'm sure took up much of their time, intil they went into hiding.
_________________

Please support the Diabetes Walk
Back to top
GinnyX
Mrs. George Weasley
Gryffindor Member
Moderator

Joined: May 6, 2007
Location: I'm in a New York state of mind.
Posts: 25796

PostPosted: May 13, 2008 1:50 am    Post subject: Reply with quote

Harry inherited his money, apparantly his dad's family was wealthy


Q: Harry often wondered about his parents lives before he died. What did Lily, James, Remus, Lupin and Sirius do after Hogwarts?

JKR: To take Remus first, Remus was unemployable. Poor Lupin, prior to Dumbledore taking him in, lead a really impoverished life because no one wanted to employ a werewolf. The other three were full-time members of the Order of the Phoenix. If you remember when Lily, James and co. were at school, the first war was raging. It never reached the heights that the second war reached, because the Ministry was never infiltrated to that extend but it was a very bad time, the same disappearances, the same deaths. So that's what they did, they left school. James has gold, enough to support Sirius and Lily. So I suppose they lived foff a private income. But they were full-time fighters, that's what they did, until Lily fell pregnant with Harry. So then they went into hiding.

Carnegie Hall
_________________

^made by Fiendfyre

Blame it on a simple twist of fate.
Back to top
kwidditch
Third Year
Gryffindor Member

Joined: Feb 7, 2008
Location: NYC
Posts: 359

PostPosted: May 13, 2008 12:08 pm    Post subject: Reply with quote

Quote:
To take Remus first, Remus was unemployable. Poor Lupin, prior to Dumbledore taking him in, lead a really impoverished life because no one wanted to employ a werewolf. The other three were full-time members of the Order of the Phoenix.


Lupin was in the Order as well; he's in the picture that Moody showed Harry. Wonder why she didn't mention that.
_________________
"I can make things move without touching them. I can make bad things happen to people who are mean to me." -- Tom Riddle (HBP movie).

http://www.petitionspot.com/petitions/harrypotter6 | http://hbpnojuly.blogspot.com
Back to top
B0urne_Wizard
Death Eater
Slytherin Member

Joined: May 7, 2008
Location: No.12 Grimauld Place..
Posts: 1857

PostPosted: May 13, 2008 12:17 pm    Post subject: Reply with quote

One of the many things left untold in the series...
_________________
I Love You MileyVery Happy
Back to top
bery26
Mrs. Harry Potter
Ravenclaw Member

Joined: Dec 21, 2007
Location: with harry in the room of requirements ;)
Posts: 17948

PostPosted: May 13, 2008 12:33 pm    Post subject: Reply with quote

kwidditch wrote:
Quote:
To take Remus first, Remus was unemployable. Poor Lupin, prior to Dumbledore taking him in, lead a really impoverished life because no one wanted to employ a werewolf. The other three were full-time members of the Order of the Phoenix.


Lupin was in the Order as well; he's in the picture that Moody showed Harry. Wonder why she didn't mention that.


my exact thoughts, wasnt lupin a full time order member too? Confused
_________________

You are up there!
Back to top
GinnyX
Mrs. George Weasley
Gryffindor Member
Moderator

Joined: May 6, 2007
Location: I'm in a New York state of mind.
Posts: 25796

PostPosted: May 13, 2008 1:24 pm    Post subject: Reply with quote

kwidditch wrote:
Quote:
To take Remus first, Remus was unemployable. Poor Lupin, prior to Dumbledore taking him in, lead a really impoverished life because no one wanted to employ a werewolf. The other three were full-time members of the Order of the Phoenix.


Lupin was in the Order as well; he's in the picture that Moody showed Harry. Wonder why she didn't mention that.


I don't think any of the members got paid. Sirius and James lived off of the money that was left to them. Lupin didn't have any money, so his friends helped him.
_________________

^made by Fiendfyre

Blame it on a simple twist of fate.
Back to top
Ink
Muggle

Joined: May 14, 2008
Posts: 16

PostPosted: May 14, 2008 5:34 am    Post subject: Reply with quote

I've always wondered this too, Their only jobs were full time members of the order, and as pointed out before, their were quite a few poorer full time members. It will always seem a mystery to me.
_________________
Back to top
bery26
Mrs. Harry Potter
Ravenclaw Member

Joined: Dec 21, 2007
Location: with harry in the room of requirements ;)
Posts: 17948

PostPosted: May 14, 2008 8:26 am    Post subject: Reply with quote

i dont think that the potters being so rich is weird at all since we have already seen other pureblood families are also wealthy such as the malfoys and the blacks, and it also seems as though their wealth comes mostly from big inheritances
_________________

You are up there!
Back to top
Indian_gal
Shop Owner
Gryffindor Member

Joined: Feb 15, 2008
Location: noida,india
Posts: 1974

PostPosted: May 14, 2008 8:33 am    Post subject: Reply with quote

bery26 wrote:
i dont think that the potters being so rich is weird at all since we have already seen other pureblood families are also wealthy such as the malfoys and the blacks, and it also seems as though their wealth comes mostly from big inheritances


very true... and james was last of POTTERS..there must have been a huge amount of money to his name... all the money since generations was left for him..
_________________

Name: Ruchika Pal
Wand :11", Holly, Unicorn
Patronous: Wolf
Cheerleader
Back to top
habs4life9
Squib

Joined: May 2, 2008
Posts: 73

PostPosted: May 15, 2008 1:20 pm    Post subject: Reply with quote

Here's a better question: why are the Weasleys poor? Why is there such division of class within pure-bloods, this doesn't make sense. Food isn't an issue in the wizarding world, as long as they have a little they can conjure as much as they want. So that's the food expense gone. Shelter isn't an issue, since wizards scatter themselves throughout the country and seem to build their own houses, out of materials which they can conjure rather than pay for, so that's that expense null and void. And I hardly think, if they hide themselves, and can make themselves unplottable if they wanted, that they would have deeds or mortgages to thier property on which they build their homes. Another expense gone. And do they even pay taxes? I don't see what they would be for, other than paying the Ministry workers' salaries. In which case taxes would be minimal. Speaking of which, Arthur works in just another department of the Ministry, so why should he make any less than the next employee? The only real expenses for wizards are clothes (and even then you could conjure more cloth and weave it yourself if you don't want to spend money on clothes) and school supplies. In fact, don't conjuring spells completely defeat the purpose of a supply and demand economy?
Back to top
GinnyX
Mrs. George Weasley
Gryffindor Member
Moderator

Joined: May 6, 2007
Location: I'm in a New York state of mind.
Posts: 25796

PostPosted: May 15, 2008 1:25 pm    Post subject: Reply with quote

habs4life9 wrote:
Here's a better question: why are the Weasleys poor? Why is there such division of class within pure-bloods, this doesn't make sense. Food isn't an issue in the wizarding world, as long as they have a little they can conjure as much as they want. So that's the food expense gone. Shelter isn't an issue, since wizards scatter themselves throughout the country and seem to build their own houses, out of materials which they can conjure rather than pay for, so that's that expense null and void. And I hardly think, if they hide themselves, and can make themselves unplottable if they wanted, that they would have deeds or mortgages to thier property on which they build their homes. Another expense gone. And do they even pay taxes? I don't see what they would be for, other than paying the Ministry workers' salaries. In which case taxes would be minimal. Speaking of which, Arthur works in just another department of the Ministry, so why should he make any less than the next employee? The only real expenses for wizards are clothes (and even then you could conjure more cloth and weave it yourself if you don't want to spend money on clothes) and school supplies. In fact, don't conjuring spells completely defeat the purpose of a supply and demand economy?


You basically just described a lot of cultures, nations, and governments. JKR obviously wanted to show that the Wizarding world was just like the muggle world.
You can only make more food if you have food. So the Wesaleys first had to obtain the food. It's the same way with clothing... you can't make things appear out of mid-air, it has to come from somewhere, first.
Why should Arthur make as much as everyone else that works in the government? Their government isn't a communist government. Confused It's just like ours or the UK's.


"World Exclusive Interview with J K Rowling,"
South West News Service
8 July 2000
Q: It seems that the wizards and witches at Hogwarts are able to conjure up many things, such as food for the feasts, chairs and sleeping bags. . .if this is so, why does the wizarding world need money ? What are the limitations on the material objects you can conjure up ? It seems unnecessary that the Weasleys would be in such need of money. . . (Jan Campbell)
A: Very good question (well done, Jan!!). There is legislation about what you can conjure and what you can't. Something that you conjure out of thin air will not last. This is a rule I set down for myself early on. I love these logical questions!
http://www.accio-quote.org/articles/2000/0700-swns-alfie.htm
_________________

^made by Fiendfyre

Blame it on a simple twist of fate.
Back to top
habs4life9
Squib

Joined: May 2, 2008
Posts: 73

PostPosted: May 15, 2008 1:35 pm    Post subject: Reply with quote

Well a lot of it seems to be based on inheritance, which means that wizarding socio-economic status, for the most part, is ascribed instead of achieved. That's going back to the Middle Ages right there. And in any case, economists would have a field day discussing how the economy within the books is totally unviable.
Back to top
nagem0
Hogwarts Graduate
Slytherin Member

Joined: Jan 30, 2008
Location: Florida
Posts: 936

PostPosted: May 15, 2008 1:38 pm    Post subject: Reply with quote

Yep, Gamp's Law of Elemental Transfiguration..
_________________
Back to top
GinnyX
Mrs. George Weasley
Gryffindor Member
Moderator

Joined: May 6, 2007
Location: I'm in a New York state of mind.
Posts: 25796

PostPosted: May 15, 2008 1:40 pm    Post subject: Reply with quote

habs4life9 wrote:
Well a lot of it seems to be based on inheritance, which means that wizarding socio-economic status, for the most part, is ascribed instead of achieved. That's going back to the Middle Ages right there. And in any case, economists would have a field day discussing how the economy within the books is totally unviable.


A lot of today's society is based on inheritance, too. I see no dfiference from their world and ours as far as their basic economy is run.
As far as the middle ages go... you did notice that they wear robes, have dragons, and write with quills and parchment... you're confusing the world of Harry Potter with the real world. It's only a book and if JKR wants them to have pet owls and flying broomsticks... then that's the way her world is. It's called a fantasy book for a reason.
_________________

^made by Fiendfyre

Blame it on a simple twist of fate.
Back to top
Isabelle Lestrange
Prankz Master
Slytherin Member

Joined: Jan 24, 2008
Location: Attatched to Helena Bonham Carter's left hand...
Posts: 10907

PostPosted: May 16, 2008 6:33 am    Post subject: Reply with quote

GinnyX wrote:
habs4life9 wrote:
Well a lot of it seems to be based on inheritance, which means that wizarding socio-economic status, for the most part, is ascribed instead of achieved. That's going back to the Middle Ages right there. And in any case, economists would have a field day discussing how the economy within the books is totally unviable.


A lot of today's society is based on inheritance, too. I see no dfiference from their world and ours as far as their basic economy is run.
As far as the middle ages go... you did notice that they wear robes, have dragons, and write with quills and parchment... you're confusing the world of Harry Potter with the real world. It's only a book and if JKR wants them to have pet owls and flying broomsticks... then that's the way her world is. It's called a fantasy book for a reason.


I agree, a fantasy novel is supposed to be about imaginary creatures that are not real in our world, its the imagination put into it and whatever J.K Rowling writes, its great.
_________________


^ Read "Dreams Come True" in Flourish and Blotts!
Back to top
bery26
Mrs. Harry Potter
Ravenclaw Member

Joined: Dec 21, 2007
Location: with harry in the room of requirements ;)
Posts: 17948

PostPosted: May 16, 2008 11:15 am    Post subject: Reply with quote

Indian_gal wrote:
bery26 wrote:
i dont think that the potters being so rich is weird at all since we have already seen other pureblood families are also wealthy such as the malfoys and the blacks, and it also seems as though their wealth comes mostly from big inheritances


very true... and james was last of POTTERS..there must have been a huge amount of money to his name... all the money since generations was left for him..


yes, ur correct, since he was an only child
_________________

You are up there!
Back to top
TA_Sectusempra
Muggle
Gryffindor Member

Joined: May 16, 2008
Location: Koblenz
Posts: 47

PostPosted: May 16, 2008 1:35 pm    Post subject: Reply with quote

since they've known that probably they would die... they left Harry a substantial summ of money.
_________________



I am going to England in September.
In London.
Back to top
Display posts from previous:   
Post new topic   Reply to topic    Harry Potter Forums Index » The Great Hall All times are GMT - 5 Hours
Page 1 of 1

 


Copyright © 2005-2008 SparqTech Network. All rights reserved.
Powered by phpBB © 2001, 2005 phpBB Group