Simon Cowell Simon Cowell

American Idol judge Simon Cowell may be on his way to becoming TV's "best-paid star."

Cowell has teamed with billionaire British retailer Sir Phillip Green to create a global entertainment firm that will own and produce TV content, according to Financial Times. The new company will include Cowell's existing projects, Britain's Got Talent and The X-Factor, but will also launch new programming.

Check out photos of Cowell on Britain's Got Talent, Idol and more.