Simon Cowell is one of the wealthiest celebrities in the world, and his eye-watering fortune will continue to grow despite The X Factor being pulled
The show has launched many top-selling British music acts in the last two decades – including One Director and Leona Lewis.
It’s now understood the music mogul isn’t keen on returning to the show, with no definite plans for a next series.
Instead, Cowell has plans to feature America’s Got Talent stars in a new Las Vegas residency called America’s Got Talent Las Vegas Live.
He will also focus on the launch of a brand new gameshow he has helped mastermind – called Walk The Line.
So despite The X factor being axed, the money will no doubt keep rolling in for the millionaire.
Here we take a closer look at how he made his net worth and eye-watering fortune.
Simon Cowell net worth
Simon Cowell’s net worth is an estimated £429.9million, according to wealth website Celebrity Net Worth.
In 2020 Forbes listed him as the 35th richest celebrity in the world.
The business mogul earns at between £35-71million per year from all his ventures combined.
The cast majority of his earnings comes from judging and producing America’s Got Talent, Britain’s Got Talent and The X Factor.
Simon is well known in the music industry, and rose to fame when Pop Idol launched in 2001 with him as a judge.
He famously “hated” winner Will Young, and found him “arrogant”.
The harsh critic was then asked to judge American Idol in 2002, and stayed in the role until 2010.
He went on to launch The X factor in the UK in 2004.
Cowell also owns several homes across the UK and US, as well as a resort on Barbados where he often spends his holidays.
His two main residential houses are located in London and Malibu.
His £10million London mansion is situation in Holland Park, where the Beckhams and Elton John are neighbours.
But this is nothing compared to his Malibu home, according to Talent Recap. His £17million US home boasts six bedrooms, seven bathrooms, and a 1.63-acre garden.
He also reportedly owns a fleet of about 20 supercars, including a Tesla Model X and a Rolls Royce Phantom.
Despite a return for The X Factor looking doubtful, Simon will have plenty to keep himself occupied with.
He is launching a new prime-time Saturday night slot series for ITV called Walk The Line.
Simon’s latest deal with iTV was also to air Britain’s Got Talent until 2024.