Cowell set to earn $75m for US 'X Factor'

Simon Cowell will earn $75m (€52.2m) for his work on the US version of ' The X Factor', a US magazine has revealed.

The media mogul – who will launch the US version of his reality TV show later this year - will reportedly pocket $75m per season on the programme, including his fee as producer, far surpassing that of his fellow judges Nicole Scherzinger and Paula Abdul, who will take home $1.5m (€1.04m) and $2.5m (€1.75m) respectively, though TV Guide magazine has not released the earnings of fourth panellist, LA Reid.