Highlights
- Nick Cannon has a net worth of $50 million and aims to generate $100 million annually to sustain his lifestyle.
- Cannon’s music career includes a debut album that sold 201,000 units in the US.
- Cannon owns the intellectual property rights to the show Wild ‘n Out, which has generated over $100 million in revenue and is valued at $500 million.
Nick Cannon stands out as a multifaceted entertainer in comedy and films, and for hosting numerous television shows. Cannon forged his business empire despite battling a fatal autoimmune disease and paying over $3 million in child support to his twelve children.
However, despite these challenges, Cannon’s passion for rap music and live performances enabled him to harness his vigor and earn admiration within the entertainment industry, which eventually built his multi-million dollar fortune.
8 How Much Is Nick Cannon’s Net Worth?
Net Worth As Of 2023 – $50 Million
Nick Cannon boasts a $50 million fortune from his diverse entertainment ventures. In May 2023, Cannon revealed to the Los Angeles Times that he aims to generate $100 million annually to sustain his lifestyle. This revelation followed public scrutiny over his financial commitments to the twelve children he shares with different women.
“When you think about my lifestyle, I have to generate at least $100 million a year… Everybody thinks Ryan Seacrest has tons of money. I do everything that he does times 10. Well, not times 10—times three. Because he does a lot.”
When TMZ obtained the divorce documents after Cannon’s divorce from Mariah Carey in 2014, it stated that he had a monthly child support obligation of at least $5,000 for their kids.
Nick Cannon
- Birthname
- Nicholas Scott Cannon
- Birthdate
- October 8, 1980
- Birthplace
- San Diego, California, USA
- Height
- 5′ 10
However, Cannon clarified that he does not pay child support but rather spends over $3 million annually on his children. “I don’t plan to ever have to participate in the governmental system of child,” he told The Neighborhood Talk.
7 How Much Did Nick Cannon Earn From His Music Career?
Debut Album Sales In The US – 201,000 Units
Nick Cannon ventured into the music industry as one-third of the rap group Da G4 Dope Bomb Squad. Their group had opening gigs for prominent artists such as Will Smith, LFO, 98 Degrees, and Montell Jordan.
|
Nick Cannon’s Studio Albums via Billboard |
||
|---|---|---|
|
“Nick Cannon” |
“White People Party Music” |
|
|
Date Released |
December 9, 2003 |
April 1, 2014 |
|
Music Label |
Jive Records |
N’Credible Entertainment |
|
Formats |
CD, Download, LP |
CD, Download, LP |
|
Peak Chart Position (US) |
No. 83 |
NA |
Cannon’s music career continued with the release of his self-titled solo album in 2003. In 2005, Cannon established his record label, Can-I-Ball Records, with plans for a second album called “Stages,” but it was eventually shelved due to his acting career.
Nick Cannon’s Admiration For Jamie Foxx’s Private Life Is Why He Claims He’d ‘Do Anything’ For Him
Nick Cannon’s friendship and love for Jamie Foxx became evident after Foxx’s medical scare went public.
Cannon returned to music in 2013 and announced a second album titled “White People Party Music.” His second studio album, released via N’Credible Entertainment, did not replicate the success of its predecessor. Concrete figures regarding the financial success of his brief music career remain undisclosed in reputable sources.
6 Nick Cannon Owns The Intellectual Property Rights On Wild ‘N Out
Salary – $70,000 Per Episode
One of Nick Cannon’s memorable contributions to the entertainment landscape includes Wild ‘n Out, a freestyle comedy show launched in 2005, where he serves as the main host, the executive producer, and the owner of its intellectual property.
Although Cannon doesn’t have full ownership of the show, his production company has successfully produced Wild ‘n Out for 19 seasons. Forbes reported in 2020 that the show generated over $100 million in revenue from 2019 projects. Nick Cannon quipped on The Diary Of A CEO podcast:
“I didn’t think Wild ‘N Out would be the billion-dollar conglomerate. I was just creating a show because Kevin Hart needed money to pay his rent…”
Cannon has a sizable income from the show, while cast members reportedly receive a minimum of $1,000 per episode. Although specific details about Cannon’s per-episode salary after the show moved to MTV2 are undisclosed, comedians on the show claimed to have earned significantly less compared to their MTV era. Despite this, Cannon, who values the Wild ‘n Out brand at $500 million, continues to thrive financially.
5 Nick Cannon’s Production Company Adds Millions Every Year To His Fortune
Company Value – $1.3 Billion
In 2009, Nick Cannon launched the record label N’Credible, which evolved into N’Credible Productions under his N’Credible Entertainment Company. Forbes reported in 2020 that Cannon’s production company generated up to $100 million in the previous year, though Cannon’s specific share remains undisclosed.
Nick Cannon shared that someone previously signed away his publishing rights for $10,000. He described it as one of the biggest mistakes and lessons he had ever learned. Cannon now channels his own $10,000 giveaway to aspiring artists, aiming to support them without expecting anything in return. For him, this act symbolizes paying forward and correcting the longstanding industry practices that have negatively impacted individuals for too long.
4 Nick Cannon Earned 8-Figures For Hosting The Masked Singer
Salary – $5 Million Per Season
During an interview with The Los Angeles Times, Nick Cannon revealed that he commands a fee exceeding $20 million as the host of the Fox singing competition series, The Masked Singer.
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There was one guest in particular that could’ve changed things for Nick Cannon, and perhaps, given the daytime talk show the exposure it needed.
Cannon successfully presided over all nine seasons of the acclaimed Emmy award-winning show with a reported salary of $250,000 per episode. Forbes reported in 2020 that Cannon inked a deal to produce The Masked Singer for that year under his production company, N’Credible Productions. This arrangement implies that he also stands to partake in a share of the show’s profits.
3 Nick Cannon’s Lucrative Salary During His Hosting Tenure At America’s Got Talent
Salary – $70,000 Per Episode
According to Celebrity Net Worth, between 2009 and 2016, Nick Cannon garnered a substantial income of $70,000 per episode as the host of America’s Got Talent. This consistent arrangement persisted for the duration of his hosting tenure on the show.
Who Are Nick Cannon’s Baby Mamas?
Nick Cannon has 12 babies with six different women. While he’s not shutting the door on the idea of more babies, he may be slowing down temporarily.
In 2017, Cannon voluntarily stepped down from his hosting duties, due to creative differences. However, NBC initially contemplated terminating his contract after he made disparaging remarks about the network in his Showtime comedy special, Stand Up, Don’t Shoot.
2 Nick Cannon Owns And Produces His Radio Show And Podcast
Annual Earnings – $25 Million
Nick Cannon initiated his radio career with a morning show on 92.3 NOW in New York from 2010 to 2012. He later joined Power 106 in Los Angeles in 2019, hosting Nick Cannon Mornings and Cannon’s Countdown until 2022.
Other Business Ventures by Nick Cannon:
- Yamashiro Restaurant – Hollywood Hills
- N’Credible-branded Gym – Hollywood Hills
- Published several novels and children’s books
Currently, Cannon hosts The Daily Cannon, a live radio show on the Amazon-owned app Amp. He also co-hosts the 2 Hate or Not 2 Hate Podcast with Jonathan Greenblatt, CEO of the Anti-Defamation League, aiming to foster understanding between Black and Jewish cultures.
1 What Movies And TV Shows Has Nick Cannon Been In?
Salary – Not Specified
After Nick Cannon made a mark on various television series, he debuted on the silver screen with Whatever It Takes in 2000.
Nick Cannon’s Movies and TV Shows:
- Men in Black II
- Drumline
- Love Don’t Cost A Thing
- Shall We Dance?
- Roll Bounce
- Bobby
- Chi Raq
- Real Husbands of Hollywood
- Lip Sync Battle Shorties
While specific figures regarding his earnings from these movies remain undisclosed, Cannon shared with HipHopDX that he opted for the movie Roll Bounce over ATL because it offered more lucrative compensation.