REPORT: Simon Cowell's X Factor Heading To USA

Sep. 28 2009, Updated 9:40 a.m. ET

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Simon Cowell is about to become even richer as his hit Brit TV show, X Factor, heads Stateside.

British newspaper The Daily Mirror reports that the American Idol creator and co-host has hammered out a deal with Fox that is worth an estimated $103 million.

Simon publishes a letter to himself as his 50th birthday approaches

"Simon knew how much they needed him for Idol," a source told the newspaper, "But there was no deal until they agreed to do X Factor. It's been a long hard slog, but we got there."

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Like American Idol though, the public still gets the chance to pick the winner.

Paula Abdul, who was replaced by Ellen DeGeneres on Idol this season, is reportedly being considered for a judge spot.

Paula wishes Ellen the "Best of luck"

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