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“He doesn’t want the stress”: $600 Million Rich Simon Cowell Refuses to Take Salary After Firing Almost All His Employees

The English television personality Simon Phillip Cowell is best known as a judge on various talent shows like Pop Idol, American Idol, Got Talent, and The X Factor. He created The X Factor and Got Talent franchises, which have been sold worldwide. In addition to being a $600 Million fortune entrepreneur, he founded the television and music production house Syco, which produced the highly successful Got Talent franchise in the U.S. and the U.K. However, there are reports that after his company Syco’s profits dropped in 2022, the famous judge of America’s Got Talent did not give himself a salary.

Simon Cowell
Simon Cowell

Despite being unmarried, the judge of America’s Got Talent proposed and engaged to his longtime love Lauren Silverman in December 2021, and the couple is currently planning a wedding. The couple has a son, Eric Cowell, who is eight years old. However, his partner has a 16-year-old son, Adam Silverman, with her ex-husband, Andrew Silverman.

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Why Simon Cowell Did Not Pay Himself In 2022 At Syco

After Syco’s profits dropped in 2022, music mogul Simon Cowell reportedly didn’t pay himself a salary. However, he will not be hovering around the reduced section of his supermarket later. The Sun reports Syco Holdings Ltd’s profits dropped from £31.88 million in 2021 to £2.27 million in 2021 under the 63-year-old’s direction. Last January, Cowell laid off almost all of his staff at Syco and significantly downsized the multimillion-pound entertainment empire.

Music Mogul Simon Cowell
Music Mogul Simon Cowell

According to figures for Syco Holdings Ltd, the company’s value went up slightly to £83M (Approx $101M), but profits were down by £29.6M ($3.62M), and 19 employees’ jobs were lost. He was able to go without a salary in 2021 because a dividend of £45.35m was paid out of the account. He was claimed to have suffered health problems due to the stress of running a global empire but not his $600M wealth.

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America’s Got Talent Judge Simon Cowell: Sweet Reason He Keeps Returning to AGT Each Year

This year, America’s Got Talent returned in a new and improved way, and Simon Cowell, the show’s host, said the competition will be better than ever before. Cowell revealed why he returns to America’s Got Talent year after year in a recent interview with People magazine.

Simon Cowell with AGT's other judges and host
Simon Cowell with AGT’s other judges and host

He said,

“We’ve met the most incredible people along the way, and that’s a big reason why I love doing this show. That is what keeps me on the show. I love that part of it. I love that first Audition when you see someone’s true talent, and you go, ‘Yeah, this is a moment.'”

Cowell continues,

“And when you see them out in the real world, doing well off the back of one of your shows, it’s the best feeling in the world. That’s why you go into the show every year with that feeling of anticipation, going that we could find that person again. And that’s a great feeling.”

AGT: All-Stars, a new extension of America’s Got Talent, premiered on January 2 with the people’s favorite judge Simon Cowell, who returned to the show alongside Howie Mandel and Heidi Klum as part of a new judging panel and host Terry Crews.

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Source: The Sun

Tulika Shreshthi
Tulika Shreshthi

Tulika Shreshthi is a professional content writer at Animated Times in an entertainment niche. She has years of experience in Content Management and SEO-based digital Content Writing. Also, she has a specialization in technical content writing. As an illustrator, she loves to draw something on her iPad while not writing professionally. She is passionate about the children's digital illustrations segment. Aside from illustrating, she also enjoys cooking and singing as her hobby.

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