Nick Cannon Net Worth (Money & Salary)

What Is Nick Cannon’s Net Worth and Salary?

With a net worth of $50 million, Nick Cannon, an American actor, television host, and rapper, has enjoyed a successful career across television, film, radio, and as an entrepreneur/producer.

For his hosting roles on various television shows, particularly “The Masked Singer,” he earns approximately $25 million annually, with an estimated $20 million coming from “The Masked Singer” alone.

Nick is also known for his extensive family life, having fathered 12 children with six different women, which includes twins with singer Mariah Carey and another set of twins with a different partner. According to Nick, he spends upwards of $3 million each year on his children.

Early Life

Born Nicholas Scott Cannon on October 8, 1980, in San Diego, California, Nick was primarily raised by his grandfather in the Bay Vista Housing Projects of Lincoln Park.

As a teenager, he was associated with the Lincoln Park Bloods gang but distanced himself following the loss of a close friend to gang violence.

He began his performance career at the young age of 8, and by 11, he was already doing comedy on his father’s local cable access television program. He graduated from Monte Vista High School in 1998.

Subsequently, Nick relocated to Hollywood, where he secured various stand-up comedy gigs at venues like The Laugh Factory, The Improv, and The Comedy Store.

His major television breakthrough occurred when he was cast in the Nickelodeon sketch comedy series “All That” in the mid-1990s. As a teenager, he was also part of a rap group named Da G4 Dope Bomb Squad, which opened for prominent nineties acts such as LFO, 98 Degrees, Montell Jordan, and Will Smith.

On-Screen Career

Nick made a small appearance in “Men in Black II” in 2002, and his first lead role came that year when he portrayed Devon Miles in “Drumline.” The following year, he appeared in the comedy “Love Don’t Cost a Thing.” Other notable films include “Shall We Dance,” “Roll Bounce,” and “Bobby,” for which he received a Screen Actors Guild Award nomination in 2007 and was recognized as the Breakthrough Actor of the Year at the Cannes Film Festival. In 2015, he starred in Spike Lee’s film “Chi-Raq.” Cannon hosted “Wild & Out,” a successful comedic sketch show on MTV, from 2005 to 2007, which ran for 4 seasons before being revived in 2012 with Nick at the helm.

Music Career

In 2005, Nick established his own record label, Can-I-Ball Records. His debut studio album, self-titled, was released in 2003 and peaked at #15 on the US R&B chart, with the lead single “Can I Live?” dropping in July 2005.

After closing Can-I-Ball Records in 2009, he founded a new label called N’Credible Entertainment. In 2010, he introduced a parody persona, Slick Nick, and released two singles as that character. In December 2011, he dropped a mixtape titled “Child of the Corn.” In July 2013, he released another single, “Me Sexy,” followed by “Looking for a Dream,” featuring Afrojack. His second album, “White People Party Music,” was released in 2014, and his second mixtape, “The Gospel of Ike Turn Up: My Side of the Story,” was made available on November 16, 2016. In December 2019, Nick recorded a diss track aimed at Eminem titled “The Invitation,” and after Eminem’s response, he quickly followed up with another diss track.

“America’s Got Talent”

In

In 2009, Nick took over as the host of “America’s Got Talent,” succeeding Regis Philbin. He held the hosting role until 2016 and earned $70,000 per episode during his tenure. In 2017, Nick announced that he would not return for the upcoming season, citing creative differences with NBC executives. Nevertheless, NBC had already been contemplating terminating his contract following some disparaging remarks he made about the network in his Showtime comedy special, “Stand Up, Don’t Shoot.” Although Cannon was under contract and faced potential legal action from NBC for breach of contract, the executives initially rejected his resignation request. Ultimately, however, his resignation was accepted, and he was succeeded by Tyra Banks as the new host of “America’s Got Talent.”

CBS Firing

During an episode of Nick’s podcast “Cannon’s Class” on June 30, 2020, his comments were perceived as antisemitic. In the course of an interview with Public Enemy’s Professor Griff concerning the rapper’s departure from the group due to antisemitic statements, Cannon broached various conspiracy theories involving the affluent Rothschild family that were deemed antisemitic.

Consequently, on July 14, 2020, ViacomCBS severed ties with Cannon following his remarks, which had previously aired his show “Wild ‘N Out,” citing reasons of “hateful speech and antisemitic conspiracy theories.” Additionally, Cannon also hosted a radio program on KPWR Power 106 named “Nick Cannon Mornings.”

On July 16, 2020, he took to Twitter to announce his decision to step back from his radio show for introspection and to devise an action plan. The show is currently on an indefinite hiatus. He later shared an apology on Twitter but continued to serve as the host of the Fox program “The Masked Singer,” a role he has maintained since 2019.

Mariah Carey Marriage and Divorce

From 2008 to 2016, Nick was married to singer Mariah Carey. Their wedding took place at her private estate located on Windermere Island in The Bahamas. Together, they have twins named Monroe and Moroccan. They made their separation official in August 2014, and their divorce was finalized in 2016.

Divorce Settlement

As per the legal documentation related to their divorce, it was revealed that Mariah had a net worth of $150 million at the time of their marriage in 2008, whereas Nick had a net worth of less than $500,000.

The filings further indicated that while Mariah earned $6.3 million in 2014, Nick’s earnings amounted to $2.7 million. In their eventual undisclosed settlement, Nick received ownership of a 2012 Ferrari and was obligated to pay $5,000 monthly into a trust for their children. Shortly after initiating the divorce proceedings, Nick and Mariah sold their long-time residence in Los Angeles’ Bel Air neighborhood for $9 million, having purchased the property for $7 million back in 2009. Notably, the property’s previous owner was Farrah Fawcett, who had sold it in 1999 for $2.7 million after residing there for more than two decades.

How Many Kids Does Nick Cannon Have?

At the time of writing this, Nick Cannon has a total of 11 children, born from six different women, which includes TWO distinct sets of twins. This total does not account for one child who sadly passed away due to cancer at just five months old.

The timeline provided below illustrates that in June 2021, he welcomed FOUR new children from three different women alone.

Nick Cannon Children Timeline

• On April 30, 2011: Nick and Mariah Carey welcomed their twins, Monroe and Moroccan.
• On February 21, 2017: Nick and Brittany Bell welcomed their son, Golden Sagon.
• On December 23, 2020: Nick and Brittany Bell welcomed a daughter named Powerful Queen.
• On June 14, 2021: Nick and Abby De La Rosa welcomed twins Zion Mixolydian and Zillion Heir.
• On June 23, 2021: Nick and Alyssa Scott welcomed a son named Zen, who sadly passed away five months later due to brain cancer.
• On June 28, 2021: Nick and model Bre Tiesi welcomed a son, Legendary Love.
• On September 14, 2022: Nick and LaNisha Cole welcomed a daughter, Onyx Ice Cole.
• On September 23, 2022: Nick and Brittany Bell welcomed a son, Rise Messiah.
• On November 11, 2022: Nick and Abby De La Rosa welcomed a daughter they named Zeppelin.
• In December 2022, Nick and Alyssa Scott welcomed a daughter, Halo Marie, marking Nick’s 12th child and 11th surviving child.

Annual Child Expenses

During a November 2022 episode of the podcast “The Neighborhood Talk,” Nick was posed with the question to confirm speculations about his annual expenditure of $3 million on his children. His reply was:

“I definitely spend a lot more than that on my children annually. I don’t plan to ever have to participate in the governmental system.“

To clarify, Nick spends more than $3 million each year on his kids, without any involvement from court orders or government systems. That’s quite impressive!

Real Estate

Back in 2009, during his marriage to Mariah Carey, the couple purchased a luxurious estate in Bel-Air for $7 million. This expansive mansion was sold for $9 million in 2015 as part of their divorce proceedings. In July 2021, Nick acquired a mansion in Saddle River, New Jersey, for $3.2 million, which he had already been renting for a while. In February 2024, he bought a home in Woodland Hills, a suburb of LA, paying $3.1 million.

Activism

Nick Cannon began attending Howard University in 2016 and earned a bachelor’s degree in Criminology/Administration of Justice in 2020.

Cannon is the founder of his charity, the Nicholas Scott Cannon Foundation. In 2011, he created a public service announcement for Do Something, an organization that motivates teens to find causes they care about and engage with and contribute to their communities. Since 2011, Cannon has also been a celebrity spokesperson for the National Association of Letter Carriers’ annual food drive.