Simon Cowell rakes in 28million in just one year

Christmas drinks are on Cowell! X Factor judge Simon rakes in 28million in one year, as the US version is granted second series

As all eyes fall on the wealthy future of X Factor USA protg Melanie Amaro, it”s easy to forget Simon Cowell is still busy raking it in too.

The Syco boss is believed to have raked in a whopping 28million over the last year, elevating the mega rich star further up the ranks of wealth.

His fortune now sits at 200million; having reclaimed the rights to X Factor and Britain’s Got Talent in a massive deal with Sony BMG this year.

Feeling smug: Simon Cowell is not only celebrating taking X Factor to America, but also raking in 28million in one year

Feeling smug: Simon Cowell is not only celebrating taking X Factor to America, but also raking in 28million in one year

Despite initial worries that the US version of the original ITV1 reality show was not pulling in Cowell”s predictions of more than 20million viewers each week, it has been commissioned for a second series by network Fox.

Fox president Mike Darnell said he was elated with the average 13.5m viewers per episode, saying: “The show’s been a monumental success.”

A source told the Daily Mirror: “There is massive scope to make US X Factor even bigger,and this is very much just the beginning.

Second series on its way: Melanie Amaro won the first series of X Factor USA this week

Second series on its way: Melanie Amaro won the first series of X Factor USA this week

“Advertisers have been impressed with the constantly good ratings and the audience will only grow, as will Simon’s pay packet.”

Simon risked his television notoriety on X Factor UK and American Idol by quitting both shows to take a seat on the new judging panel alongside L.A. Reid, Nicole Scherzinger and Paula Abdul – and the results have paid off.

The Daily Mirror also report that last year’s Sony deal saw the creation of new company Syco Entertainment, helping Cowell boost his assets further.

He was paid 26,754,967 for a 50 per cent stake, according to Syco’s first annual accounts for the 12 months up to March 31 this year.

Another subsidiary known as Simco, which produces Cowell’s programmes (including gameshow flop Red or Black), recorded revenues of 28million and have doubled their staff as a result of “future expansion plans”.

Protg: After Melanie won the show, Simon was granted a second series

Protg: After Melanie won the show, Simon was granted a second series

Meanwhile Cowell, who only joined Twitter last month, has since been gushing online about his latest success across the Atlantic.

Ahead of the final on Thursday, he wrote: “Here we go! I”m counting on you guys. @itsMelanieAmaro

“This is going to be a very, very close competition but I”m counting on #TeamMelanie @thexfactorusa”

After the victorious result, he simply wrote: “America.I.Love.You.”