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Simon Cowell: ‘I Worry About Money, Even as a Supposed Millionaire’

BBG News

As a seasoned lifestyle advisor, let me share a personal insight: Even with an impressive career in the music business that has earned me a substantial fortune, I, too, have financial worries from time to time. Despite being perceived as one of the wealthiest figures in showbiz, there are moments when I ponder over my finances, reminding us all that wealth management is a journey, not a destination.

He confessed on the How To Fail podcast that his income is significantly less than what many believe, expressing his constant concern about finances by saying, “I often find myself anxious about money.

As a die-hard fan, I can’t help but share the thoughts of the Britain’s Got Talent mastermind, aged 65, who confesses his constant worry due to our unpredictable world. He admits that he hardly ever finds himself at ease, always mindful about the amount of wealth he holds.

In the early stages of the Covid-19 pandemic, one man’s father hastened to complete all his ongoing projects ahead of schedule, due to worries they might be put on hold.

He mentioned that he’s often concerned about finances, suggesting that it’s a common concern. Using the current situation with COVID-19 as an illustration.

I recall coming across it initially on a website, and I’m not heavy into consuming content from social media platforms, yet I had heard whispers about it, which sparked my curiosity.

On the second day, the situation escalated so much that I felt compelled to call my partner and express my concerns. I told them, “This seems ominous, reminding me of the movie Contagion. I believe we should expedite the production of all our shows globally this year.” And that’s exactly what we did.

‘And when it happened it was obviously worse than I could have imagined,

Pondering over the current state of affairs, including wars and instability, one might wonder what can be considered secure – is it gold, cash, or stocks? Frankly, I doubt anything feels secure these days. Perhaps your home could offer a sense of safety.

A person once told me, “Live off your wealth.” It was sound wisdom indeed, encouraging me to savor and appreciate my resources, while also acknowledging that life can be unpredictable.

Simon contests the £500 million estimate about his wealth that has been circulated. In his own words, “That’s not accurate at all. I’m nowhere near that amount. I’m genuinely saying this – I’m not anywhere close to it.

‘I’ve made a lot, I’m not going to lie. I’ve made a bit of money, yes, but not that much, no.’

Recently, he admitted that he had to seek assistance from friends to initiate a project he was eager to undertake, as he lacked the necessary funds.

He mentioned that his friends have been wonderful. Lately, he found himself in a situation where he lacked the funds to hire assistance.

I found myself needing to ask approximately twenty individuals, “I’m working on a project, yet I’m financially strapped. Would you consider lending a hand?

‘And they all said “yes”. And that was the most incredible thing.’

Even though he shared his worries about money, Simon nevertheless considered himself wealthy when questioned, responding with a affirmative ‘Yes, probably.’

Simon expressed that he has more than sufficient now, and he doesn’t crave for what he once thought he desired a few years back, as he never even imagined things such as yachts, the Caribbean, or personal jets when he was young.

For the first time, around my mid-40s, I stumbled upon this realm and beheld it. My reaction was something like, “Really? This is your personal vessel? It appears more like a luxury cruise liner to me.

At some stage, I found myself contemplating, “Perhaps I haven’t achieved as much as I believed, perhaps this is the path I desire.

For a couple of years, I found myself mingling with certain circles, but let me tell you honestly, it was an ordeal I deeply disliked.

As a devoted observer, I found myself at odds with some individuals, as I perceived them to be rather arrogant and pompous. It seemed they harbored the belief that their wealth elevated them above others, an idea that strikes me as ludicrous upon reflection.

It turned out beneficial that the event transpired since I recall asking Lauren, “Don’t we know anyone extremely wealthy and content?”, to which she responded negatively. I concurred, saying, “Neither do I.

‘So we’re fine. We’re doing alright but we don’t need any more.’

Simon reduced the size of his business SyCo to prioritize family life, stating that he no longer has a strong desire to amass large amounts of wealth. He notes that none of the wealthy individuals he knows appear content.

Despite his ITV talent show continuously drawing approximately five million viewers per episode, Simon has decided to scale back certain other ventures of his.

For eighteen years, starting in 2004, The X Factor was on the air. However, after much consideration, Simon decided to end this long-standing program because audience ratings had dropped and he felt that online venues such as YouTube were becoming more significant for showcasing talent, making traditional talent shows less necessary.

The influential figure in music enthusiastically declared an attempt to discover the next major boy band, stating that no group had been as successful as One Direction since then, and started a Netflix show titled “The Golden Touch.

However, it appears that Simon’s recent venture was abandoned, as there seemed to be a lack of enthusiasm, likely because he couldn’t attract sufficient talent during the auditions, aiming to discover the next musical sensation similar to One Direction.

Over the past few years, Simon has been gradually reducing his workload to devote more time to his partner, Lauren Silverman, and their shared son, Eric (age 11).

In August 2020, the television figure took a break from public view after suffering a broken back in an electric bike mishap that happened during a test ride at his Malibu residence.

After enduring a six-hour operation, he asserted at a later point that it turned out to be more challenging than initially assumed by many.

In 2022, he experienced another terrible accident involving electric bikes in London, resulting in a broken arm for him during the ride.

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2025-05-07 10:40

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