Simon Cowell is reportedly in line to win an OBE.
Simon Cowell
The 59-year-old music mogul's hopes of being awarded an honour by the Queen were undermined in 2016, when he was linked to the Panama Papers scandal, but it's since been established that his finances are, in fact, "whiter than white".
An insider told The Sun on Sunday newspaper: "[Simon has] done more for Saturday night entertainment than anyone over the past 15 years."
What's more, the source said Simon "has raised and donated millions for charity".
Simon previously addressed the Panama Papers issue, saying he was listed as the sole shareholder of two British Virgin Islands-based companies, but also that he'd done nothing illegal.
He explained: "It was something being set up which we didn't understand and when we did understand it, we didn't use it."
Meanwhile, an insider recently claimed Simon is eyeing an Oscar.
The TV star is now said to be focusing his attention on the movie industry, following the recent successes of music-based biopics like 'Rocketman'.
The insider explained: "Simon has talked openly about wanting to win an Oscar.
"He's looking at music-related film projects because they are all the rage now after the success of 'Bohemian Rhapsody' and the Elton John biopic."
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