The X Factor and Britain’s Got Talent boss has seen his wealth soar by a further €38.8 million in the past year, according to the Sunday Times Rich List to be published this weekend. Mr Cowell’s updated €222m fortune places him at sixth in the list of British and Irish music millionaires.
However, Mr Cowell is still some distance behind the likes of rival Simon Fuller, Paul McCartney, Cameron Mackintosh, Andrew Lloyd Webber and poll topper Clive Calder who has amassed a fortune of €1.4 billion through the sale of his Zomba records in 2002.
Mr Calder regained his position at number one after last year’s chart-topper Edgar Bronfman moved back to New York from his temporary home in London.
Andrew Lloyd-Webber is second in the list with almost €756m, with theatre impresario Cameron Mackintosh in third place with a fortune of €750m. Beatles icon Paul McCartney is ranked fourth on the list.
Top of the Irish music millionaires list, unsurprisingly, are U2 with an accumulated wealth of almost €506m followed by Michael Flatley (€237.9m), Denis and Caroline Desmond (€205.6m), Enya (€94.5m) and Riverdance founders John McColgan and Moya Doherty (€77.8m) and Van Morrison (€55.6m).
Bob Geldof is a new entry to the Irish list of music millionaires with a fortune of €35.6m.
Welsh singer Katherine Jenkins tops the young music millionaires list with €14.4m followed by Cheryl Cole just €1m further back.
New entrants to the list include Adele with a €6.6m fortune and Florence Welch, aka Florence and the Machine, with €5.5m.