Simon Cowell loses £800k as he sells his Beverly Hills mansion sale for £11m

Simon Cowell has reportedly made an $1million (£800,000) loss on the sale of his Beverly Hills mansion, despite him remodelling three times.

The telly judge, 60, reportedly bought the six-bedroom home for $15.5million (£12million) in May 2011 and when he recently sold the property he flogged it for $14.5million (£11million).

Despite coming with all the bells and whistles, breathtaking views over Downtown Los Angeles and being remodelled at least three times, the house sale has for less than what he purchased the home for.

The 7,300 square ft house was built in 1966 and came complete with more than half an acre of land and a large swimming pool.

According to Variety, Simon’s property previously boasted an outdoor fireplace, a cinema room and an outdoor cooking and BBQ area.

The property even came with some very wealthy neighbours including Oakley founder Jim Jannard, LVMH’s Bernard Arnault, and a Saudi sheikh.

Alexander Soleimani, an LA-based former dentist, has purchased the property from Simon at the bargain price.

Simon, who splits his time between London and LA, has reportedly parted ways with several properties recently.

He reportedly sold a second Beverly Hills mansion for around $15 million, and bought but then quickly sold the former home of X Factor star Leona Lewis in Hidden Hills.

According to property documents, Simon also made a loss on Leona’s property sale.

Despite the losses, Simon still holds an impressive property portfolio, owning a lavish Malibu home, as well as property in New York and the UK.

The music mogul, who recently broke his back in a horrific bike accident, is currently recovering at his Malibu home with his partner and son.