It's fortune rather than fame for X-factor Simon's brother - Business - Evening Standard
       

It's fortune rather than fame for X-factor Simon's brother

The X-Factor's Simon Cowell has a moderately successful younger brother in the property industry. Nicholas Cowell made a guest appearance in last week's Estates Gazette to tell the world that he has a very large (but unspecified) amount of money to spend on real estate in London.

Nicholas, 46, manages the property held in his 48-year-old brother's £112 million fortune. But this is no sinecure for the younger Cowell. In the property industry since his brother was a record-plugger for EMI in the late Seventies, he started work for estate agent Garrard Smith & Partners at the age of 17.

Cowell and business partner Adrian Levy borrowed £30,000 in 1983 to buy the company from David (now Sir David) Garrard. Cowell is the good cop of the pair, expensively groomed and charming. Levy is more the bruiser - perhaps the Simon Cowell of the double act.

The pair later changed the name of the business to the Estate Office and continued to act as property agents in north and west London before being hit by the early Nineties crash. They survived by giving paid advice to banks and receivers - and starting to buy property.

Since, then Cowell and Levy have entered into a series of joint ventures to buy and sell property with partners that have included the billionaire Pears family and celebrity property investment company aAim. These deals have quietly secured their fortunes.

Now Cowell wants the world to know that he has refinanced his portfolio (of unspecified size) with HSBC, and has those unspecified millions to buy anything from a single property for £500,000 to £80 million portfolios. Anyone fancy doing a pitch?

Comments

Don't Miss
Rock star: Erin Wasson

Rock star

Erin Wasson is the ultimate anti-supermodel
Maybe it’s because she’s a Londoner … Happy anniversary, Ma’am

Happy anniversary

The monarchy has become stronger and more respected in the past 60 years
Victoria Coren: My obsession with children, five proposals a week and why David and I are no power couple

Victoria Coren

David Mitchell and I are no power couple
The Royal Academy of Arts Summer Exhibition preview party

Summer party

Stars at the The Royal Academy of Arts
London gets ready for the Diamond Jubilee - in pictures

Diamond Jubilee

London gets ready - in pictures
The Glamour Awards - stars turn on the style

Glamour Awards

Stars turn on the style
Duchess of Cambridge is pretty in pink at her first Buckingham Palace garden party

Garden party

Duchess of Cambridge is pretty in pink
FIRST review of Ridley Scott's latest sci-fi blockbuster Prometheus

First review

Is Ridley Scott's Prometheus any good?
Fair-weather goths

Fair-weather goths

The sultry shades of summer darks are coming out of the shadows
Dog save the Queen: Corgis surge in popularity

Dog save the Queen

Corgis surge in popularity