Simon Cowell Net Worth is $400 million
Quick facts about Simon Cowell
Date of birth: 7 October 1959
Place of birth: Lambeth, London, England, UK
Occupation: television producer, entrepreneur, television personality
While there is a million ways to make a million dollars, being a TV personality is probably one of the best ways to get there. Most definitely, there is no shortage of multimillionaires between talk show hosts and talent competition judges. Many of them do incredibly well and Simon Cowell belongs to those who are at the very top.
How does his net worth compare to others? David Letterman, for example, is worth $400 million and Dr. Phil $243 million. There are those who do better as well. Oprah Winfrey’s net worth is whopping $2.9 billion (yes, billion) and Silvio Santos, Brazilian TV show host and entrepreneur, is worth $1.3 billion.
Apparently, when you get up there you perceive numbers and money quite differently though. Back in 2010 Simon Cowell bought a Bugatti for £1 million, which is about $1,682,000, and drove it only twice in four years. In addition, Simon owns a gorgeous mansion that he bought and rebuilt in 2005. Its worth is estimated at over $25 million. He was number 17 on Forbes’ Celebrity 100 list in 2013, with his annual salary being $95 million. He was named one of the most influential people in the world twice by Time magazine.
So how did Simon Cowell got to be so rich? As much as we like inspirational stories of poverty, adversity and eventual victory, Simon’s story doesn’t exactly belong to that category. Although he did earn his money and fame himself, he was helped initially by having a father who gave him guidance and assistance early on. His father was an estate agent developer and music industry executive which of course helped him enormously. This is quite different from Ray Romano who admitted to be wracked with insecurities and lack of father’s approval.
Simon dropped out of school at the age of 16 and held several jobs for a short period of time. His father tried to set up job interviews for his son but young Simon would often sabotage those. Finally, he got a job at his father’s company as a mailroom clerk at EMI Music Publishing where he eventually got promoted to higher positions. By early 1980s Simon left the company to found his own label E&S Music that produced several hits.
When Simon began as a consultant with BMG Records in the end of 1980s he was in a deep financial trouble. It was so bad that he had to move back in with his family. However, BMG worked out great for him. He gradually climbed corporate ladder and his independence was restored. Later on he would say:
My dad said to me, ‘Work hard and be patient.’ It was the best advice he ever gave me. You have to put the hours in.
What made a real difference though is the project that he started back in 2001 called Pop Idol. It became instantly popular and American version followed in 2002. His another project The X Factor started back in 2011 was another huge success.
Besides owning $1.7 million car and living a fantastic life, Simon Cowell is involved in several charities, helping children, animals and victims of natural disasters. He is known for being a harsh critic, making contestants cry on the scene, but often these claims are exaggerated. This video below is a good example of what really happens and if you watch until the end you will see that its title is not accurate but is rather designed that way to grab attention and generate views.