Belfast Telegraph

Saturday 29 November 2014

Simon Cowell charges up rich list

Simon Cowell has seen his fortune rise by more than £40 million
Simon Cowell has seen his fortune rise by more than £40 million

Britain's Got Talent judge Simon Cowell has seen his fortune rise by more than £40 million - leapfrogging the Beckhams, a new rich list reveals.

Cowell, who rakes in masses from his TV shows and the acts he has signed via the X Factor, is now estimated to be worth £165 million.

Big successes in the past year have included BGT star Susan Boyle, who became a worldwide hit.

David and Victoria Beckham are now reckoned to be worth £145 million, according to the Sunday Times Rich List 2010 to be published this weekend.

Cowell is now ranked 11th in the list of top music millionaires, up from last year's 15 thanks to a 38% rise in his assets.

The Beckhams saw their fortune swell by £20 million, helped by Victoria's success as a fashion designer and her husband's sponsorship deals, although they remain in 14th spot.

Cowell still has a long way to catch up with fellow music and media mogul Simon Fuller - who has guided the Beckhams' careers - who has launched another new company XIX in recent months. He is valued at £350 million, up £50 million in a year, and ranked sixth.

Impresario Sir Cameron Mackintosh has seen the most dramatic rise in the music millionaire list, shooting up £285 million in the past 12 months, although this is largely due to a major revaluation of his business assets. These include licensing, performance rights and a London theatre chain.

His friend Lord Lloyd-Webber is ranked one place higher at number three. The composer and theatre boss was actually pushed from last year's number two spot and his wealth has slipped by £50 million to £700 million, according to compilers of the list.

Topping this year's table is music boss Edgar Bronfman who is a new entry in the list of Britain's music millionaires on account of his relocation to London from New York. The chairman and chief executive of the Warner Music Group is estimated to be worth £1.6 billion.

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