Nick Cannon’s Net Worth is $20 Million
Nick Cannon has gone from Nickelodeon man to modern-day media emperor, thanks to an inexhaustible work ethic and sharp business sense. This is all just to say that he is doing incredibly well for himself. As of 2023, this budget-busting comedian, rapper, producer, and your favorite TV host has a net worth of $20 million. His empire spans TV, film, music, and even businesses that turn a serious profit.
He went from being a teenage joke writer on All That to bagging roles on your favorite TV shows and movies. When he isn’t playing a character, he’s playing himself as host of a couple of talent shows, and charming viewers across the nation.
He’s also the man in charge of a multimedia company, NCredible Entertainment, and continues to produce quality work that keeps us riveted… and his bank account filled to the brim.
So, what does he do with all that dough? We’ll tell you, as Nick is not just about making it, but also about living it. So, grab some popcorn, we’re taking you behind the scenes into Cannon’s world.
| Name | Nicholas Scott Cannon |
| Profession | Comedian, Actor, Rapper, Television Host, Producer |
| Net Worth | $20 Million as of 2023 |
| Birthplace | San Diego, California, USA |
| Birthday | October 8, 1980 (Libra) |
| Nationality | American |
| Height | 6 ft. (183 cm) |
| Relationship status | Single (previously married to Mariah Carey) |
All That and a TV Empire: Nick’s Early Life and Breakthrough
At the young age of 17, Nick got his first taste of showbiz when he scored himself a gig as a staff writer for Nickelodeon’s sketch-comedy series, All That. In nabbing the job, Nick became the youngest TV screenwriter ever!
But he was far from done. Riding on that success wave, Nick leveled up and began hosting and directing his own show, appropriately titled The Nick Cannon Show, in 2002. That move solidified his position as an up-and-coming power player in the industry. His next big step was the launch of his own MTV improv series, Nick Cannon Presents Wild ‘N Out, in 2005. Any time your name appears in a show title, you know you’re a big deal. The show was an absolute hit and skyrocketed Nick’s fame.
Nick also proved to be a force on the big screen. His debut was back in 2002 with Drumline. Since then, he’s served up performances in a bunch of hits like Love Don’t Cost a Thing, Shall We Dance, Roll Bounce, Bobby, and Chi-Raq. Audiences and critics took notice. His work in Bobby earned him a Screen Actors Guild nomination for Cast Performance in 2007. And that’s not all! He also made history as the first African-American to receive the Breakthrough Actor of the Year honor at the prestigious Cannes Film Festival.
On Camera: Nick’s Primary-Career Earnings
Nick climbed the showbiz ladder, going from being Nickelodeon’s junior jokester to a rich and famous television icon. The money started rolling in when he began hosting America’s Got Talent in 2009 to 2016? He made an impressive $70,000 an episode, which works out to be around $1.7 million every season. Given he hosted the show for eight seasons, until 2016, his time on the show brought in $13 million.
But that’s not where Nickelodeon’s money train stopped. He also bagged $20 million or more for being the face and boss of Fox’s hit show, The Masked Singer. Here’s the real kicker, in a chit-chat with the L.A. Times he revealed he rakes in a mind-blowing $100 million a year. Apparently pulling double duty on one project has its perks.
Keeping Busy: Nick’s Other Revenues
Did you think Nick Cannon’s talents were limited to the screen? No, he has a slew of successful side projects beyond his acting gigs. Many are linked to NCredible Entertainment, a sweet venture he launched in 2009. This isn’t just your run-of-the-mill media company, though. Nick has his fingers in all sorts of pies like TV, movies, music, digital music, publishing, and even radio.
While he has his fingers in pies, Nick has also kept his toes occupied, dipping them into the tech pool in 2016 in collaboration with RadioShack. Channeling his inner Steve Jobs, he launched his very own Cannon-branded speakers and headphones. That’s one more item to add to his already diverse resumé. Nick also owns a state-of-the-art recording studio, Ncredible Studios. This high-end platform exists to give rising stars a place to perfect their craft.
Nick’s Lavish Lifestyle and Philanthropic Initiatives
Nick Cannon knows how to enjoy life’s finer things (presuming he finds any time!). He has stacked up so much money over the years, it’s probably a bit of a challenge for him to find ways to spend it all. One “hobby” he has embraced is car collecting. The man has accumulated an enviable collection of fancy rides that includes a $500,000 Rolls-Royce Phantom Drophead Coupe, a $200,000 Ferrari California, a 2020 Custom Toyota Tundra, a Ford GT, a $300,000 Ferrari 599, a $128,000 Mercedes-Benz G Wagon, a $283,000 Lamborghini Murcielago Roadster, and a $300,000 “get well” Ferrari gifted by his then-wife Mariah Carey.
Nick Cannon’s real estate portfolio includes several notable properties across the United States. He owns a home in Saddle River, New Jersey that he reportedly purchased under a “rent to own” agreement after initially renting it for $11,000 a month. He also has a home in Temecula, California that was originally his grandparents’ which he has remodeled. Cannon sold his Chula Vista home for $603,500 in 2019, and his Bel Air mansion, formerly owned with ex-wife Mariah Carey, was sold for $9 million in 2015.
Though we’re sure he gets a thrill from his high-end toys, Nick probably takes more pleasure in giving back. He participates in Feeding America’s Stamp Out Hunger campaign, helping out at food banks every winter and promoting it on social. He also has two foundations of his own: the Nick Cannon Foundation, which is aimed at improving health care, stirring social justice and making the community a better place; and Zen’s Light, named after late son (more on the tragedy below), which aids families undergoing pediatric cancers.
Nick’s Massive Family Tree
Nick Cannon was born and raised in sunny San Diego, California. He got his high school diploma at Monte Vista High in Spring Valley, back in 1998 and hasn’t stopped since. Even while crushing it as an entertainer, he made time for books. In 2020, he finally earned a degree in criminology and a minor in African studies from Howard University.
From books to beauty, once upon a time Nick Cannon and the one and only pop diva Mariah Carey were Hollywood’s hottest pair. Locking it down in 2008, Nick popped the question using a candy ring pop. Of course, a dazzling 17-carat diamond ring was hiding inside. Come 2011, they welcomed a cute pair of twins, Moroccan Scott and Monroe, named for Marilyn Monroe and Carey’s spiffy Moroccan-style crib. Sadly, they called it quits in 2014, divorcing two years later. Despite the falling out, they remain dedicated parents to their kids and work together for Monroe and Moroccan’s benefit.
Nick Cannon says his ex-wife Mariah Carey is “a gift from God” and “the love of his life.” pic.twitter.com/r6EJ6Lg7SZ
— Daily Loud (@DailyLoud) March 22, 2023
Unless you’ve been living under the sea, you’ll know Papa Cannon’s brood expands beyond Mariah and the twins. On our latest count, Nick Cannon has twelve kids, with several partners. His latest partner is Bre Tiesi with whom he shares one kid born in 2022. But as a top dad, Nick splurges over $3 million a year in child support, truly showing his dedication to his children. (No wonder he works so hard!)
True Loss: Major Events in Nick’s Life
In 2020, on one particular episode of YouTube show, Cannon’s Class, Nick made some comments that many considered anti-Semitic. The response was so severe that ViacomCBS cut ties with Nick after having worked with him since he was a teenager, even pulling the plug on his comedy show Wild ‘N Out.
Nick, in light of the controversy, apologized and promised to do better. It taught him the responsibility that comes with free speech and sparked a real conversation about racial issues.
In December 2021, Nick and partner Alyssa Scott endured the unimaginable, losing their five-month-old son Zen to brain cancer. Though understandable silent immediately following the tragedy, Nick shared his sorrow a year later on Instagram in a long message that included, “Physically I’m definitely on the mend but mentally and spiritually I’m broken.”
