Potter author earns $10 a second

The Harry Potter author's incredible earnings -- equivalent to about $10 a second -- are from the 375 million sales of the seven books in the popular children's series, a percentage of revenue from the movie adaptations and spinoff merchandise, including toys and video games, according to financial bible Forbes.

J.K. -- real first name Joanne -- is believed to be worth around $1.1 billion and is expected to see her earnings soar even further, with three more Harry Potter movies scheduled for release.

Forbes spokeswoman Lacey Rose said: "It was wizardry that transformed J.K. Rowling from a destitute single mother on welfare into a super-rich success.

"On the big screen, her Potter franchise has already generated $4 billion at the worldwide box office -- and she still has three flicks to go."

After completing the Harry Potter series, the author -- who earned more than the other writers in the top 10 put together -- devotes most of her time to charity work, including the Children's High Level Group, which she founded.

Last month, she donated $1.9 million to the U.K.'s ruling Labour Party.

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