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Simon Cowell

LOSES $20,000

Bet to L.A. Reid

12/21/2012 4:15 PM PST BY TMZ STAFF
EXCLUSIVE

1221_la_reid_x_factor_simon_cowell_article
Simon Cowell has TWENTY THOUSAND reasons to cry over Thursday night's "X Factor" results show -- and it's all thanks to a rich-person bet he made with L.A. Reid. 

TMZ has learned ... Simon and L.A. made a wager at the beginning of the season ... and if either judge had a contestant win the whole shebang ... the losing judge would cough up $20k.

So when L.A.'s contestant Tate Stevens took home the crown ... he grew just a tiny bit richer than he already is. And since Simon's no sore loser, we're told he plans on cutting the check ASAP.

We're pretty sure it's illegal for the rich people to make this bet in the State of California -- but hey, who are we gonna tell?

109 COMMENTS

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Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6
76.

Edward    

We all lost when Jason Brock left !!!

637 days ago
77.

Laurie    

Good it serves him right for running his mouth all the time!!

637 days ago
78.

Luca Brazzi    

The guy's a bozo ... Go to Darfur & personally give the money to the poor!

637 days ago
79.

Tom    

Some people have so much money they just don't know what to do with it!

637 days ago
80.

Muse    

I recently bet that Simon was a talentless, insignificant egomaniac - and I won!

637 days ago
81.

DRAGON    

What illerate ass*ole wrote this article. English much?

637 days ago
82.

Debby    

$20K to him is like $5 bucks to the average Joe....

637 days ago
83.

Mike    

To late you told it.

637 days ago
84.

Joanne    

Who gives a damn about the obscenely rich wagering $20,000? It's a mere pittance to them. These people should be donating millions to charity, not betting each other over stupidity!

637 days ago
85.

Janet    

Did Simon sign a Promissory Note.

637 days ago
86.

Shawn    

Maybe giving to the homeless in this country would be a great way for them to spend there extra. I know lots of families that need food and cothing this time of year due to our overspending in this great country we live in.

637 days ago
87.

mororless    

need to give it to charity

637 days ago
88.

Muse    

I recently bet that Simon was a pompous, talentless, insignificant egomaniac - and I won!

637 days ago
89.

R.D. Fisch    

Maybe Simon wouldn't have lost if he had his group do an ABBA - Take a Chance on Me - as their final song for the nite.. Beattles? Really Simon- Bad Bad Song choice.. Demi has it right, you are an OLD DUDE.. Time to come out of the 60's..

637 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6

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