Simon Cowell tops Jagger, Sting in UK music rich list

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The X Factor and former American Idol judge Simon Cowell jumped to number six in the British music rich list in 2011 after his fortune hit £200 million, Britain’s Sunday Times newspaper said on Thursday.

That was a £35 million rise on 2010, when he was 11th in the annual rankings published by the newspaper, and took him above Elton John and Mick Jagger whose fortunes were estimated at £195 million and £190 million respectively.

Cowell, also a music producer with an entertainment company called Syco, has signed a new deal with Britain’s ITV channel and is preparing to launch The X Factor in the United States.

But he was still some way behind his arch-rival Simon Fuller, creator of the talent TV Idol franchise, who ranked fifth in 2011 with personal wealth of £375 million.

British-based record executive Clive Calder, who sold Zomba Records in 2002, took over at the top of the music rich list with £1,3 billion, unchanged on the amount in 2010.