jey ski water life jacket Simon Cowell photos courtesy of MrPaparazzi

Not only is Simon Cowell currently enjoying his holiday vacation in Barbados, but the former American Idol judge is now being joined by his lovely fiancee Mezghan Hussainy. As if Simon's life couldn't get any better, The Daily Mail is reporting that Cowell is about to get a knighthood from the Queen of England!

“It would appear that Sir Simon could be on the cards,” royal watcher Neal Sean told Kit Hoover and guest co-host Lisa Rinna on Monday’s Access Hollywood Live. Neal said that Simon is expected to be one of the names on the New Year’s Honors List. How exciting!