Simon Cowell earns $208,230 a day

Last Updated: Apr 14, 2011, 08:56 AM IST

London: Music mogul Simon Cowell reportedly earns $208,230 a day from his music and television assets including reality show `The X Factor`.

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 Cowell earns 50 percent of everything the company makes.

IANS