Saturday, August 16, 2008

How Simon Cowell makes do on his paltry £35m salary

This month he secured his place as the best-paid male television personality in the world, with a £25 million-a-year contract to present American Idol alone.
Recent estimates have put his wealth at £112million. Throw in earnings of at least £10million for hit shows on this side of the Atlantic and it becomes clear that Simon Cowell just can't help earning vast sums of money.
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Mr Nasty is also an expert when it comes to spending.
The extraordinary lifestyle of the man who left school at 16 to be a humble record company mail boy. Asked if he thought there was anything obscene about the money he is paid, Simon's response was typically frank: 'I don't have any conscience about this at all.'
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Simon spends a small fortune on his wardrobe.
His favorite designer is Giorgio Armani and he thinks nothing of spending £5,000 in one shopping trip on T-shirts alone.
Shoes are hand made by Berluti in Paris, at an almost reasonable £1,000 a pair.
Simon prefers to take his holidays in luxury hotels where every whim is catered for.
Top of his list is a £3,000-a-night suite of rooms at the exclusive Sandy Lane hotel in Barbados.
Simon is proud to admit that he never cooks and dismisses the huge kitchens in his luxurious properties as 'irrelevant'. As a result he eats in the world's finest restaurants as a matter of course.
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Of all his indulgences, cars are surely top of the list. In one week last October he spent well in excess of £1million on a pair of supercars.
The first, currently his favorite, was a turbo-charged Bugatti Veyron.
With a top speed of 250 miles per hour, it can reach 60mph in less than two-and-a-half seconds, and you'd hope so, given its price tag of £750,000.
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In LA, where he is based for half the year, he has a £10million pad in Palm Drive and a £2.3million property in the Hollywood Hills that he bought for his girlfriend, Terri.
Having heard the heart-rending story of how three-year-old Madelaine Stoen's parents were struggling to pay for her cancer treatment, he spontaneously announced that he would pay off their £80,000 mortgage.
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