Nick Cannon Net Worth (Money & Salary)

Discover Nick Cannon’s Net Worth and Paycheck Amount

There is an estimated amount of $50 million for Nick Cannon, who is an actor, television presenter, and rapper from the United States. Throughout his career, Nick Cannon has achieved success in various fields such as television, film, radio, and entrepreneurship/production.

For his roles as a television host, particularly on “The Masked Singer,” Nick earns approximately $25 million annually. It is rumored that his income from “The Masked Singer” alone reaches $20 million.

Besides his professional success, Nick is known for his sizable family. Currently, he has 12 children with six different women, including twins with singer Mariah Carey and another set of twins with a different partner. Nick stated that he invests over $3 million per year on his children.

Early Life

On October 8, 1980, in San Diego, California, Nick Cannon was born as Nicholas Scott Cannon. Throughout his childhood, he was primarily raised by his grandfather and grew up in the Bay Vista Housing Projects in Lincoln Park.

During his teenage years, Cannon was associated with the Lincoln Park Bloods gang; however, he distanced himself from the gang after losing a close friend to violence.

His career began early at the age of 8, and by 11, he was already performing comedy on his father’s local cable access TV show. Cannon completed his high school education at Monte Vista High School in 1998.

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

Nick’s significant television debut was on the Nickelodeon sketch comedy series “All That” in the mid-1990s. He was also part of a rap group called Da G4 Dope Bomb Squad during his teenage years, and the group opened for renowned artists from the 90s like LFO, 98 Degrees, Montell Jordan, and Will Smith.

On-Screen Career

In 2002, Nick made a brief appearance in “Men in Black II”. He garnered his first leading role as Devon Miles in the 2002 film “Drumline.” The next year, he starred in the comedy “Love Don’t Cost a Thing.” Other film credits include “Shall We Dance,” “Roll Bounce,” and “Bobby.” His performance in “Bobby” received acknowledgment from the Screen Actors Guild Awards in 2007, and he was honored with the Breakthrough Actor of the Year Award at the Cannes Film Festival. Nick also starred in the 2015 Spike Lee movie “Chi-Raq.” From 2005 to 2007, Cannon hosted “Wild & Out,” a successful MTV comedy sketch show that ran for four seasons. The series was revived in 2012 with Nick as the host.

Music Career

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

During 2009, Cannon formed a new record label, N’Credible Entertainment, after shutting down Can-I-Ball Records. In 2010, Nick created a parody character named Slick Nick based on Slick Rick. He released two singles embodying the character and dropped a mixtape titled “Child of the Corn” in December 2011. In July 2013, he released a single, “Me Sexy.” Another single, “Looking for a Dream,” featuring Afrojack, was also released. His second album, “White People Party Music,” was launched in 2014. Nick released his second mixtape, “The Gospel of Ike Turn Up: My Side of the Story,” on November 16, 2016. In December 2019, Cannon recorded a diss track against Eminem named “The Invitation.” Upon Eminem’s response on Twitter, Nick produced a second diss track on the same day.

“America’s Got Talent”

In 2009, Nick took over as the host of “America’s Got Talent,” succeeding Regis Philbin. He served as the host from 2009 to 2016, earning $70,000 per episode. In 2017, Nick announced his departure from the show for the 2017 season due to creative differences with NBC executives. Nonetheless, considering that Cannon was under contract, NBC initially resisted his resignation since they could sue him for breaching the contract. Eventually, NBC accepted his resignation, and he was substituted by Tyra Banks as the host of “America’s Got Talent.”

CBS Firing

On a June 30, 2020 episode of Nick’s podcast “Cannon’s Class,” remarks made by Nick were deemed as antisemitic. During an interview with rapper Professor Griff from Public Enemy discussing his departure from the group after making antisemitic statements, Cannon subsequently conversed about various conspiracy theories related to the wealthy Rothschild family, which were considered antisemitic.

As a reaction to these statements on July 14, 2020, ViacomCBS ended its collaboration with Cannon, which had been long broadcasting his show “Wild ‘N Out,” citing “hateful speech and antisemitic conspiracy theories.” Cannon also hosts a radio program called “Nick Cannon Mornings” on KPWR Power 106.

On July 16, 2020, via Twitter, he publicized a hiatus from his radio show to reflect and devise an action plan. The program is currently on an indefinite break. Nick tendered an apology on Twitter and retained his role as the host of the Fox show “The Masked Singer,” which he has been hosting since 2019.

Matrimony and Split with Mariah Carey

Nick was wedded to vocalist Mariah Carey from 2008 to 2016. Their nuptials occurred at her private estate on Windermere Island in The Bahamas. They share twins named Monroe and Moroccan. Nick and Mariah formally acknowledged their separation in August 2014, with their divorce finalized in 2016.

Divorce Settlement

During their divorce proceedings, legal documents revealed that when Mariahan entered their marriage in 2008, she possessed a net worth of $150 million, while Nick’s net worth was under $500,000.

Additionally, the records displayed that in 2014, Mariah earned $6.3 million, versus Nick’s $2.7 million. In their undisclosed settlement, Nick obtained ownership of a 2012 Ferrari and pledged to contribute $5,000 monthly to a trust for their twins. Soon after initiating the divorce process, Nick and Mariah sold their enduring residence in LA’s Bel Air neighborhood for $9 million. They acquired the property in 2009 for $7 million. A preceding inhabitant was Farrah Fawcett, who dispensed the house in 1999 for $2.7 million following more than two decades of residence.