Simon Cowell Said His Only Son Won’t Inherit His $600 Million Fortune And It Will Go To Charity
Simon Phillip Cowell is a British TV icon, entrepreneur, and record executive. He is the creator of the famous music competition franchises ‘The X Factor’ and ‘Got Talent’ which have been sold worldwide.
He has judged several talent competition series in his career like Pop Idol, The X Factor UK, Britain’s Got Talent, American Idol, The X Factor US, and America’s Got Talent.
Cowell is also the founder and owner of the British media entertainment company Syco.
Simon is the loving father to an 8-year-old boy, Eric, his only son that he shares with his socialite girlfriend, Lauren Silverman.
When Cowell and Silverman got into a relationship years ago, the news came as a surprise to all his fans and X-Factor viewers as nobody expected Cowell to get into a serious relationship.
The couple first met in 2006 in Barbados when Lauren was still married to Andrew Silverman. Simon used to hang out with them during vacations. A few years later, Lauren ended her relationship with Andrew and started dating Cowell.
In July 2013, it was announced that Lauren was expecting a child with the X-Factor star. In February 2014, on Valentine’s Day, the couple welcomed their son, Eric.
According to People, Fatherhood changed Cowell as a person.
In 2021, the 61-year-old executive producer appeared on the Kelly Clarkson Show and spoke about how his life changed after Eric. He also shared that he lost his parents when he was just a child.
“After I lost my parents, I genuinely felt, Kelly, I would never feel that kind of love for anyone ever again. I thought that was it … until I saw the scan of him for the first time.”
“From that moment I saw the scan,” he continued. “I was like ‘That is it, I’m besotted.’ Now I just cannot imagine my life without him,” the proud dad gushed. “He’s the most amazing thing that ever happened to me. I adore him.”
The Pop Idol judge has a total net worth of $600 million, and he was listed as the 35th wealthiest celebrity in the world by Forbes in 2020.
Despite having a huge fortune, the reality show judge said that he won’t pass any of his assets to his son, Eric, and would all his wealth to a charity or some animal organization.
While talking to Esquire magazine in 2013, Simon said,
“I’m going to leave my money to somebody. A charity, probably – kids and dogs. I don’t believe in passing on from one generation to another.”
“Your legacy has to be that hopefully you gave enough people an opportunity, so that they could do well, and you gave them your time, taught them what you know.”
He further added,
“A lot of people who retire, they hate their job so much, they just love the idea of not working any more.”
“That horrifies me. I’m going to be still working in my 80s or 90s.”