In the entertainment industry, it pays to have very high net worths. Not only will you get paid more money for your work, but you’ll also get a lot more recognition too. As 2019 comes to a close, there are 10 celebrities who have outdone themselves by having the highest net worths of the year. And guess what? Simon Cowell is on that list.

The TV personality gained a lot of notoriety from being a judge on American Idol. By appearing on the program every week, he quickly became a household name in nearly every city across the U.S. By December 2019, Simon had added to that by locking down high paying jobs on The X Factor and America’s Got Talent. He also appeared in Scary Movie 3 as himself and produced the 2013 documentary One Direction: This Is Us.

After all his success, Simon plans on passing down everything he’s earned to his 5-year-old son, Eric Cowell. “He’s in training as you will see over the weekend,” the 60-year-old revealed on U.K. morning show This Morning in November. “I’m getting him ready to do my job.”

With an interest in music, the transition will be easy for Eric. Besides, he already likes to visit his father on the set of AGT. However, Simon is not the type of guy who’ll give his kid everything he wants. The business mogul wants his son to understand the value of hard work. When the Daily Mail asked him if he’ll ever get Eric a Ferrari one day, the dad of one laughed off the idea.

“Absolutely not, no way, there’s zero chance of that kind of nonsense,” he said. “He might get a Tesla, but I certainly don’t want him to become one of those kids you see on Instagram who have everything and are already jaded by it all.”

“I don’t want Eric to be that person,” he added. “I’ll tell him, ‘You can enjoy it when you’ve earned it.’”

Scroll below to see 10 actors who have the highest net worths of 2019, according to Celebrity Net Worth!

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