London, Mar 29 : Music mogul Simon Cowell has in an exclusive interview revealed how 20 years ago he lost his home, cash and Porsche due to over-borrowing, and how he managed to regain his lost fortune.
Cowell, 49, who now has a 100million pounds fortune, dished out advice on how to cope with the credit crunch.
“Don’t forget, I had my own credit crunch 20 years ago,” the Sun quoted him as saying.
“My crash was caused by circumstances similar to those today. The stock market collapsed and I was borrowing too much. I was in negative equity and owed the banks money.