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Simon Cowell has leapfrogged Sir Elton John and Sir Mick Jagger to reach number 6 in the top 10 music millionaires.
In the past year Cowell has seen his wealth soar by a further £35 million, according to the Sunday Times Rich List.
His £200 million fortune places him at sixth in the list, just one place behind his old friend and rival Simon Fuller.
Lord Lloyd-Webber is second in the list with £680 million, while impresario Sir Cameron Mackintosh is in third place, only £5 million behind at £675 million. Sir Paul McCartney is ranked fourth.
Top ten music millionaires according to the Sunday Times Rich List 2011:
1. Clive Calder - £1.3b
2. Lord Lloyd-Webber - £680m
3. Sir Cameron Mackintosh - £675m
4. Sir Paul McCartney - £495m
5. Simon Fuller - £375m
6. Simon Cowell - £200m
7. Sir Elton John - £195m
8. Sir Mick Jagger - £190m
9. Sting - £180m
10. Keith Richards - £175m