Nick Cannon, a name synonymous with entertainment, has carved a niche for himself as an actor, television host, rapper, and entrepreneur. But how much is Nick Cannon worth? The answer is a staggering $50 million, a testament to his diverse talents and business acumen. This article delves into the details of his financial empire, exploring his various income streams, expenses, and real estate holdings.
Nick Cannon’s Earnings: A Breakdown
Cannon’s impressive net worth is fueled by his successful career in the entertainment industry. His television hosting duties, particularly on “The Masked Singer,” contribute significantly to his annual income. He reportedly earns around $25 million per year, with $20 million stemming from “The Masked Singer” alone.
Beyond television, Cannon’s career spans film, music, and entrepreneurship, adding to his substantial wealth. His versatility has allowed him to capitalize on various opportunities, solidifying his financial standing in the entertainment world.
The Cost of a Large Family: Nick Cannon’s Child Support
Nick Cannon is also known for his large family. As of the latest count, he has fathered 12 children with six different women, including twins with singer Mariah Carey and another set of twins with Abby De La Rosa.
Maintaining such a large family comes with considerable expenses. Nick Cannon himself has stated that he spends over $3 million annually on his children. This figure covers various expenses, including housing, education, and childcare.
From Humble Beginnings to Hollywood Star
Nicholas Scott Cannon was born on October 8, 1980, in San Diego, California. He was primarily raised by his grandfather and grew up in the Bay Vista Housing Projects in Lincoln Park.
As a teenager, Cannon was briefly involved with the Lincoln Park Bloods street gang. However, he left the gang after experiencing the loss of a close friend due to violence.
Cannon’s entertainment career began early. At age 8, he started performing, and by 11, he was doing comedy on his father’s local cable access television show. He graduated from Monte Vista High School in 1998 and later moved to Hollywood to pursue his entertainment dreams.
On-Screen Success: Movies and Television
Nick Cannon’s on-screen career began with a role on Nickelodeon’s sketch comedy show “All That” in the mid-1990s. He gained further recognition with a small appearance in “Men in Black II” (2002). His first leading role came in the 2002 film “Drumline.” He followed this with starring roles in comedies like “Love Don’t Cost a Thing” (2003).
Other notable film credits include “Shall We Dance,” “Roll Bounce,” and “Bobby.” His performance in “Bobby” earned him a Screen Actors Guild Award nomination in 2007, and he received the Breakthrough Actor of the Year Award at the Cannes Film Festival. In 2015, he starred in Spike Lee’s “Chi-Raq.”
Cannon also hosted “Wild ‘N Out,” a successful MTV comedy sketch show, from 2005 to 2007. The show was revived in 2012 with Cannon returning as the host and has continued for many seasons, becoming a staple of MTV’s programming.
Music Ventures and Record Labels
In 2005, Nick Cannon founded his own record label, Can-I-Ball Records. He released his self-titled debut studio album in 2003, which reached number 15 on the US R&B chart.
After closing Can-I-Ball Records, Cannon launched a new label, N’Credible Entertainment, in 2009. In 2010, he created a parody character of Slick Rick called Slick Nick, releasing two singles under that persona. In 2014, he released his second album, “White People Party Music.”
“America’s Got Talent” and Controversies
Nick Cannon replaced Regis Philbin as the host of “America’s Got Talent” in 2009 and continued in that role until 2016. During his time on the show, he earned $70,000 per episode.
His departure from “America’s Got Talent” was controversial. After making disparaging remarks about NBC in his Showtime comedy special, the network considered firing him. Ultimately, Cannon announced his resignation, and Tyra Banks replaced him as host.
Cannon faced further controversy in 2020 after making comments on his podcast that were interpreted as antisemitic. ViacomCBS terminated its relationship with him as a result. However, he issued an apology and remained the host of Fox’s “The Masked Singer.”
Marriage to Mariah Carey and Divorce Details
Nick Cannon was married to singer Mariah Carey from 2008 to 2016. They have twins together, Monroe and Moroccan. The couple separated in 2014, and their divorce was finalized in 2016.
Legal filings from their divorce proceedings revealed that Mariah Carey had a net worth of $150 million when they married in 2008, while Nick Cannon’s net worth was less than $500,000. In 2014, Mariah earned $6.3 million, while Nick earned $2.7 million. As part of their settlement, Nick received a 2012 Ferrari and was required to pay $5,000 per month to a trust for their twins.
A Timeline of Nick Cannon’s Children
Nick Cannon’s journey to fatherhood has been well-documented in the media. Here’s a timeline of his children:
- April 30, 2011: Twins Monroe and Moroccan with Mariah Carey.
- February 21, 2017: Son Golden Sagon with Brittany Bell.
- December 23, 2020: Daughter Powerful Queen with Brittany Bell.
- June 14, 2021: Twins Zion Mixolydian and Zillion Heir with Abby De La Rosa.
- June 23, 2021: Son Zen with Alyssa Scott (Zen tragically passed away at five months old from brain cancer).
- June 28, 2021: Son Legendary Love with Bre Tiesi.
- September 14, 2022: Daughter Onyx Ice Cole with LaNisha Cole.
- September 23, 2022: Son Rise Messiah with Brittany Bell.
- November 11, 2022: Daughter Zeppelin with Abby De La Rosa.
- December 2022: Daughter Halo Marie with Alyssa Scott.
Real Estate Investments
Nick Cannon’s real estate portfolio includes several properties. In 2009, he and Mariah Carey purchased an estate in Bel Air for $7 million. They sold the mansion in 2015 for $9 million as part of their divorce. In 2021, Nick bought a $3.2 million mansion in Saddle River, New Jersey, and in February 2024, he purchased a home in Woodland Hills, CA for $3.1 million.
Activism and Education
Nick Cannon is also involved in philanthropic efforts. He enrolled at Howard University in 2016 and graduated with a degree in Criminology/Administration of Justice in 2020.
He runs his own charity, the Nicholas Scott Cannon Foundation. He has also worked with organizations like Do Something and the National Association of Letter Carriers to support various causes.
Conclusion: A Multifaceted Career and Substantial Wealth
In conclusion, Nick Cannon’s $50 million net worth is a result of his diverse talents, successful career in entertainment, and entrepreneurial ventures. From television hosting to film roles and music releases, Cannon has capitalized on various opportunities to build his financial empire. While his large family and lavish lifestyle contribute to significant expenses, his continued success in the entertainment industry ensures his financial stability. His journey from humble beginnings to Hollywood stardom is a testament to his hard work, dedication, and ability to adapt to the ever-changing landscape of the entertainment world.
