Simon Cowell doesn't pay himself a wage after TV company’s profits drop by nearly £30m

mirror.co.uk:

Simon Cowell's finances have not been immune to the economic devastation of coronavirus. The music mogul, 61, saw profits for his TV company SimCo Ltd take a massive hit in the last 12 months.

It is reported by The Sun that the business made £34.6million in profits in 2019 but in 2020 the figure was significantly lower at £5.8million.

As a result o the plunging number Simon did not pay himself, documents filed at Companies House for the business and seen by the outlet confirm.

The papers state that the father of one and talent judges company gathered £17.7million in the last 12 months, the year before the figure was at a hefty £65.5million.