Simon Cowell’s net worth shows his impact on reality TV competitions like The X-Factor and the music scene is monumental.
“America’s Got Talent” host Simon Cowell is one of the most famous TV personalities in the world. Cowell, whose Tv resume is the envy of many in Hollywood, started his career working in the mailroom at EMI Music Publishing before his advent into the entertainment world. Since then, Cowell has worked as a record producer, talent scout, and music industry consultant.
Still, Cowell’s rise to fame started in 2001 when he and Simon Fuller teamed up to produce “Pop Idol.” The talent competition show’s main aim was to choose the next big British music star. After the premiere, “Pop Idol” quickly became very popular due to Cowell’s reputation as a blunt judge whose comments sometimes make contestants cry.
After the success of “Pop Idol,” which drew in more than 10,000 contestants, Cowell made his debut on “American Idol.” Cowell appeared alongside singer Paula Abdul as a judge. Like its British version, American Idol also became very successful producing stars Kelly Clarkson who won the maiden edition. Some of the superstars the show has produced also include Ruben Studdard in 2003, Fantasia Barrino in 2004, Jennifer Hudson in 2004, Carrie Underwood in 2005, Taylor Hicks in 2006, and Jordin Sparks in 2007.
Since then, Cowell’s reputation within the industry has grown and achieved more success. Due to his stellar interests in music and television, Cowell pioneered shows like “American Inventor,” and “America’s Got Talent.” In 2019 he also launched “The Greatest Dancer” for BBC One.
Simon Cowell’s Net Worth
Since the beginning of his career, Cowell has launched multiple reality TV competitions that have become very successful. During these periods, Cowell also became one of the highest-paid entertainers in the world. In addition, his impact on pop culture as a talent scout, producer, and reality judge has also earned him a lofty reputation.
Cowell’s main source of wealth comes from his salary from his multiple Tv deals. For his “American Idol” role, Cowell earned a yearly salary of $33 million. However, In 2006 he renewed his contract with American Idol for five more seasons. The deal gave him an improved yearly salary of $40 million.
In a typical year, Cowell earns between $50-$100 million from his multiple business ventures. In 2007 Cowell appeared on the No. 3 spot on the Forbes TV Faces List and No. 21 on Forbes’ Celebrity 100 Power List. However, Simon Cowell’s net worth is currently $600 million per Celebrity Net Worth.
Simon Cowell Created The X-Factor
In 2002, Cowell started the company “SYCOtv.” The company would later be responsible for creating top television shows like “American Inventor” and “America’s Got Talent.” However, the show that stands out the most from the company is “The X-Factor.”
The reality competition would later serve as the grooming hub for famous music groups like Fifth Harmony, One Direction, and Little Mix. It also brought musicians like Leona Lewis, James Arthur, and Cher Loyd to prominence. “X-Factor America” has also had very famous people as judges since its inception, including Britney Spears, Kelly Rowland, and Demi Lovato.
Simon Cowell Has a Star on the Hollywood Walk of Fame
In 2018, Cowell joined many industry stars with their names immortalized on the Hollywood Walk of Fame. The famous TV arrived at his dedication ceremony with multiple fans waiting to welcome him. Cowell then took the microphone to share his thoughts, joking:
The famous TV judge also became emotional while honoring his friends and parents at the event. He also thanked his family and colleagues from all over the entertainment world. Meanwhile, some of the notable guests at the event included NBC’s Bob Greenblatt, producer Ken Warwick and the first-ever “Idol” winner Kelly Clarkson.
Simon Cowell Almost Lost His Walking Ability
In August 2020, news broke that Cowell was hospitalized after sustaining injuries from a bike accident. A spokesperson for the “America’s Got Talent” judge told reporters Cowell fell while testing his new electric bike in the courtyard at his house in Malibu.
However, Cowell would later reveal that the situation was much worse than he first feared. As a result, the popular judge underwent a six-hour surgery. Still, in his first interview since the incident, Cowell explained:
Cowell noted that the crash was sudden and knew he’d broken his back immediately. He further explained the situation, saying:
Thankfully, the situation didn’t play out as badly as it could, and Cowell recovered quite well. He also thanked his son Eric and wife Lauren Silverman for their part in nursing him back to health.