Femalefirst.co.uk reports that according to new figures, Cowell’s company Simco which produces reality shows ‘The X Factor’ and ‘America’s Got Talent’ made $52.7 million in nine months during 2009.
Cowell, who is estimated to be worth $266 million, set up the business in 2002 and sold it to Sony BMG in 2005.
Since the figures were released, Cowell has restructured his business and set up a new company called Syco Entertainment Limited which is co-owned by himself and Sony BMG. He now owns all of his musical and television assets, including the Britain and US versions of ‘The X Factor’ and the contracts of his superstar artistes such as Leona Lewis.
Under the terms of the arrangement