Net Worth Ranker
What Is Nick Cannon’s Net Worth?
Nick Cannon, born Nicholas Scott Cannon on October 8, 1980, in San Diego, California, has amassed a considerable net worth of $50 million through his diverse career as an actor, television host, rapper, and entrepreneur. Raised primarily by his grandfather in the Bay Vista Housing Projects of Lincoln Park, he overcame early affiliations with the Lincoln Park Bloods street gang to pursue a career in entertainment. Cannon’s journey began with performances at the age of 8, and by 11, he was showcasing his comedy on his father’s local cable access television show, setting the stage for his future success.
Nick Cannon’s Earnings and Career Highlights
Cannon’s annual earnings are significantly boosted by his television hosting roles, particularly on “The Masked Singer,” from which he reportedly earns $20 million of his approximate $25 million annual income. His career took off after graduating from Monte Vista High School in 1998, leading to stand-up comedy gigs at renowned venues like The Laugh Factory, The Improv, and The Comedy Store in Hollywood. His television debut came with a role on Nickelodeon’s “All That” in the mid-1990s. Before his solo success, Cannon was part of the rap group Da G4 Dope Bomb Squad, opening for acts like LFO, 98 Degrees, Montell Jordan, and Will Smith, providing early exposure to the music industry.
In 2002, Nick had a small appearance in “Men in Black II”. His first starring role came when he played the main character Devon Miles in the 2002 movie “Drumline.” The following year, he starred in the comedy “Love Don’t Cost a Thing.” Other films include “Shall We Dance,” “Roll Bounce,” and “Bobby.” His role in “Bobby” got him a nod from the Screen Actors Guild Award in 2007, and he was honored with the Breakthrough Actor of the Year Award at the Cannes Film Festival for his performance. Nick later starred in the 2015 Spike Lee flick “Chi-Raq.” Cannon ran “Wild & Out,” a successful television comedy sketch show on MTV from 2005 to 2007, for a total of 4 seasons. The show was revived in 2012 with Nick as the host.
Cannon’s music career also contributes to his net worth. In 2005, he founded Can-I-Ball Records, releasing his self-titled debut album in 2003, which peaked at #15 on the US R&B chart. The album’s lead single, “Can I Live?,” was released in July 2005. After closing Can-I-Ball Records, he launched N’Credible Entertainment in 2009. In 2010, he introduced his alter ego, Slick Nick, releasing two singles and a mixtape titled “Child of the Corn” in December 2011. His later music releases include the 2013 single “Me Sexy” and the 2014 album “White People Party Music.” Cannon also released the mixtape “The Gospel of Ike Turn Up: My Side of the Story” in November 2016. In December 2019, he released an Eminem diss track, “The Invitation,” followed by a second diss track after Eminem responded on Twitter.
From 2009 to 2016, Cannon hosted “America’s Got Talent,” initially earning $70,000 per episode. His departure in 2017 was marked by creative differences with NBC executives, stemming from disparaging comments he made about the network in his Showtime comedy special, “Stand Up, Don’t Shoot.” Despite NBC initially refusing his resignation, it was eventually accepted, and Tyra Banks replaced him as host.
In July 2020, ViacomCBS terminated its relationship with Cannon after he made comments on his podcast “Cannon’s Class” that were deemed antisemitic. This led to the end of his long-running show “Wild ‘N Out.” Cannon also took a hiatus from his radio show on KPWR Power 106, “Nick Cannon Mornings,” but remained the host of Fox’s “The Masked Singer.”
Details of Nick Cannon’s Personal Life and Expenses
Cannon’s marriage to singer Mariah Carey lasted from 2008 to 2016. Legal filings during their divorce revealed that Carey’s net worth was $150 million at the start of the marriage, while Cannon’s was less than $500,000. In 2014, Carey earned $6.3 million, compared to Cannon’s $2.7 million. The divorce settlement included Cannon receiving a 2012 Ferrari and $5,000 per month for their twins, Monroe and Moroccan. The couple sold their Bel Air home for $9 million in 2015, having purchased it for $7 million in 2009. Cannon’s financial responsibilities extend to his large family, with estimates suggesting he spends over $3 million annually on his 12 children with six different women. This figure, confirmed by Cannon himself, is independent of any court-ordered support or governmental systems.
Nick Cannon’s Real Estate Portfolio
Nick Cannon’s real estate investments include a $3.2 million mansion in Saddle River, New Jersey, purchased in July 2021 after renting it for some time. In February 2024, he acquired a $3.1 million home in Woodland Hills, Los Angeles, further diversifying his assets.
Nick Cannon’s Education and Philanthropy
Cannon graduated from Howard University in 2020 with a bachelor’s degree in Criminology/Administration of Justice, demonstrating his commitment to education. He also runs the Nicholas Scott Cannon Foundation, his own charity. Cannon has been involved in public service, filming a PSA for Do Something in 2011 and serving as a celebrity spokesperson for the National Association of Letter Carriers’ annual food drive since 2011.
