Daniel Radcliffe has been recently followed on the street by Australian fans of the famous movie Lord Of The Rings star Elijah Wood, who were calling him "Frodo".

The 16-year-old British actor, who is now in Australia filming for a new movie, was often mistaken for the 24-year-old Elijah Wood, who became famous for playing Frodo, the hobbit, in the hit fantasy trilogy.

Radcliffe confessed he was flattered to have been compared to an actor he admires.

"So often people shout out, 'Hey Frodo!' as they think I'm Elijah - who frankly is a very good-looking guy so I take it as a compliment", the actor is quoted in Britain's The Sun newspaper as saying.

"I admit when a couple of people have put autograph books under my nose I've signed them, 'Much love Elijah Wood'. It would be a bit deflating for me if I told the truth and they said, 'Don't bother signing it then'", Radcliffe added.

Meanwhile, the Harry Potter star has become Britain's richest teenager with a personal fortune of £23million. After signing a £8million contract to appear in the fifth movie, 'Harry Potter and the Order of the Phoenix', Radcliffe is worth more than millionaire teen stars Charlotte Church and Joss Stone.