The music tycoon is the sole shareholder of two British Virgin Islands (BVI) companies called Southstreet Limited, set up in February 2007, and Eaststreet Limited, set up in October 2007. The companies were set up at a time when Cowell was planning to purchase two plots of land in Barbados, where he holidays most years.
The close friend of Princess Margaret, who owned a swath of land on the Caribbean island of St Lucia, held his assets through an offshore company, Beau Estates.
Land in the Caribbean might be owned through a Caribbean company.
We’re shocked, shocked, right?