How Simon Cowell Achieved an Estimated Net Worth of $600 Million

Anyone whose favorite television shows include any of the British or American talent competition series like Pop Idol, The X Factor, Britain’s Got Talent, America’s Got Talent, and American Idol will have a very good idea of who Simon Cowell is. The English man started his career as a talent scout and overseer of the artistic development of a number of recording artists. Now, he has built such a reputation and wealth that have left many seeking answers to questions bordering on Simon Cowell’s net worth.

While many people appreciate his candid nature as a talent show judge, a few others tend to loathe him since his candidness might sometimes require him to say things that may be perceived as an insult. Nonetheless, it is evident that executives at television networks both in the United Kingdom and across the Atlantic in the United States appreciate him as they continue to hand him very lucrative contracts to keep these highly-rated shows running.

In addition to the pay he receives from these shows, Cowell has his hands in a few other ventures, most of which are all connected to entertainment and have ensured that his net worth is at mouthwatering levels. Read on to see how exactly he was able to achieve his reported $600 million net worth.

How Simon Cowell Achieved His Net Worth of $600 Million

Simon Cowell’s journey to multi-millionaire status began in the early 1980s after his father, an EMI Music Publishing executive helped him to land a job in the mailroom. Cowell, who at one time got fed up with the job and left due to the fact that he was unable to get a promotion, held it for a while before leaving to form E&S Music with a former boss at EMI. By 1983, he quit and co-founded Fanfare Records which sold music from artists like Italian orchestra Rondò Veneziano as well as exercise videos.

By 1989, Fanfare Records went belly up and resulted in Simon Cowell almost losing all of his net worth at that time. With nothing else to do, he took a job as an A&R consultant with BMG, setting up S Records under the label. In this position, he persuaded actors like Robson Green and Jerome Flynn to sign with him and record the song “Unchained Melody” which they had performed on the British TV series Soldier Soldier. Cowell’s decision and vision was proved to be right as the song was quick to climb to number 1 on the UK chart where it remained for seven weeks, becoming the best selling single of 1995 and leading to the duo recording an album that was also the best selling album of that year.

READ   French Montana - Net Worth in 2020, Height & Family

Simon Cowell admitted that Robson and Jerome made him his first million and enabled him to go ahead and sign other acts like Five and Westlife. The latter released 14 number 1 singles in the United Kingdom and sold over 50 million records worldwide. Like Westlife, Cowell has discovered many more talents and his efforts have been financially rewarded in no small measure.

Read Also: Michael Strahan’s Net Worth Is Huge: Here’s How He Made All His Money

How Else Does He Make His Money?

Simon Cowell Net Worth
Simon Cowell, Paula Abdul, and Randy Jackson (image source)

In the 2000s, Simon Cowell ceased being only a talent manager, he became a talent show judge when he was given the role in 2001 on the first series of Pop Idol, a show he helped pitch to the ITV network executives. After the first season of Pop Idol, Cowell signed the top two finishers (Will Young and Gareth Gates) to S Records and helped them make No 1 hits in the UK. The songs were the top 2 best-selling singles of 2002 and the decade of the 2000s.

In 2002, Cowell was named a judge on American Idol, the American version of the same show which further gained him worldwide recognition. He later went on to form a new entertainment company named Syco which is divided into divisions that have hands in music, TV, and film. Syco Music releases recordings from its roster of artists that are mostly signed from Cowell’s television shows like One Direction, Camila Cabello, and Fifth Harmony, among others. The TV division of the company is responsible for The X Factor and the Got Talent television franchises that were later created, all of which have helped Simon Cowell achieve an estimated net worth of $600 million.

Recommended

Who is Sebastian Janikowski, How Old is He and How Much is He Worth?

Even though many regard him as the worst first-round pick ever, it'd be unfair to deny that Sebastian Janikowski has proven himself to be one...

How Francoise Bettencourt Meyers Became The Richest Woman With a Fortune of $71.8 Billion

Industries such as tech, real estate, energy, agriculture, pharmaceuticals, and entertainment constitute some of the major money-spinners in the world. But another sector that...

What Was Paul Allen’s Net Worth When He Died and Was He Married With Kids?

Paul Allen was an American business tycoon, investor, and philanthropist. He owes a substantial part of his $20 billion wealth to Microsoft of which...

What You Should Know About Josh Altman’s Net Worth, Wife and Family

Being a real estate agent can be a glamourous job especially in top city areas like Los Angeles. Through shows like Million Dollar Listing, young real...

What We Know About Joe Rogan’s Net Worth, Wife and Kids

Joe Rogan is popular in the United States of America for several reasons. He is famous as a stand-up comedian, an Ultimate Fighting Championship...

The Truth About Carson Wentz’s Accomplishments, Wife and Net Worth

Carson Wentz has made his mark as one of the top quarterbacks in the National Football League. He is undoubtedly one of the best...

The Untold Truth Of Christina Milian: Her Net Worth, Husband and Daughter

Christina Milian is an American actress, singer, songwriter, and television personality. After her career took off in 2000 with that Def Jam deal, Milian...

20 Richest Black (African American) Actors and Actresses and Their Net Worth

Over the years, Forbes has annually published a list of the highest-paid actors and actresses in Hollywood as well as the highest-paid TV stars...

Top 15 Worst Things Donald Trump Has Said So Far

If you've never heard of Donald Trump or any of his controversial statements then you must be a new resident on earth. The American...

15 Famous Basketball Players Who Have Aged Badly

Some basketball players who were at the top of their game, and were unstoppable at the time they played have aged badly. Not just...

How Much Money Has Marshawn Lynch Made In His NFL Career?

Marshawn Lynch's net worth is currently $30 million. His career has seen tremendous success and likewise his finances since going from his school's second...

These Facts Will Tell You Who Dina Meyer Is and What Her Net Worth Is

When Beverly Hills 90210 was running, it was one of the most-watched and most followed shows on television. This fact made it a great...

Featured Today

What Happened To Fergie Olver? His Net Worth And Sexual Assault Scandal

Fergie Olver is a Canadian ex-sportscaster and game show host widely known for co-anchoring the popular children's game show called Just Like Mom along...

20 Richest Black (African American) Actors and Actresses and Their Net Worth

Over the years, Forbes has annually published a list of the highest-paid actors and actresses in Hollywood as well as the highest-paid TV stars...

All The Ways Amanda Fuller Has Changed Since She Became Famous

Amanda Fuller is a talented American film and television actress as well as a producer. She is probably best known for playing the role...

Who Is CNN Dana Bash, What Is Her Salary & Why Did She Divorce John King?

The award-winning Dana Bash is an amazing American journalist, television anchor, and chief political correspondent for CNN. Best known for her unparallel contributions since...

Related Stories