Nick Cannon Net Worth (Money & Salary)

Looking at the Wealth of Nick Cannon and Salary

When it comes to finances, Nick Cannon, an American entertainer known for his roles in acting, hosting, and music, boasts a significant net worth of $50 million. Throughout his career across various media, Nick Cannon has established himself as a successful figure in television, film, and entrepreneurship.

For his prominent hosting roles, especially on shows like “The Masked Singer,” Nick rakes in an impressive annual income of around $25 million. A substantial portion of this income, reportedly $20 million, is attributed to his involvement in “The Masked Singer.”

Besides his professional endeavors, Nick Cannon is recognized for his extensive family life. As of now, he is a father to 12 children from six different women, including twins with singer Mariah Carey and another set of twins with a different mother. Nick himself reveals that he dedicates more than $3 million per year towards his children.

Early Beginnings

The journey of Nick Cannon, originally named Nicholas Scott Cannon, commenced on October 8, 1980, in San Diego, California. Raised primarily by his grandfather, Nick spent his formative years in the Bay Vista Housing Projects of Lincoln Park.

During his teenage years, Cannon had affiliations with the Lincoln Park Bloods street gang but disassociated from this environment after a tragic loss of a close companion to violence.

His foray into performance arts began early, at the age of 8, and by 11, he was already showcasing his comedic talents on his father’s local cable access TV program. Nick graduated from Monte Vista High School in 1998.

Relocating to Hollywood later on, Nick secured several engagements for stand-up comedy at renowned venues such as The Laugh Factory, The Improv, and The Comedy Store.

His breakthrough in television came with a role on the Nickelodeon sketch comedy series “All That” during the mid-1990s. Additionally, as a teenager, Cannon was part of a rap group named Da G4 Dope Bomb Squad, which had the opportunity to open for popular acts in the nineties like LFO, 98 Degrees, Montell Jordan, and Will Smith.

Ventures in Screen Entertainment

By 2002, Nick had a minor part in the film “Men in Black II,” followed by his lead role as Devon Miles in the 2002 production “Drumline.” In the subsequent year, he starred in the comedy “Love Don’t Cost a Thing.” Cannon also featured in works like “Shall We Dance,” “Roll Bounce,” and “Bobby.” Notably, his performance in “Bobby” earned him a nomination from the Screen Actors Guild Award in 2007, coupled with the Breakthrough Actor of the Year Award at the Cannes Film Festival. In 2015, Nick appeared in the Spike Lee movie “Chi-Raq.” Operating “Wild & Out,” a successful comedy sketch series on MTV from 2005 to 2007, for four seasons, further solidified Cannon’s presence in the television realm. The show saw a revival in 2012 with Nick taking on hosting duties.

Explorations in Music

Kicking off his own record label, Can-I-Ball Records, in 2005, Nick released his eponymous debut studio album in 2003, which reached the 15th spot on the US R&B chart. The lead single, “Can I Live?,” came out in July 2005.

In 2009, Cannon initiated a new record label, N’Credible Entertainment, after shutting down Can-I-Ball Records. As part of his artistic vision, he portrayed a parody persona of Slick Rick dubbed Slick Nick in 2010. Under this guise, Cannon launched two singles, and in December 2011, he unveiled a mixtape titled “Child of the Corn.” Venturing further, Nick rolled out a new single, “Me Sexy,” in July 2013, followed by “Looking for a Dream,” a collaboration with Afrojack. His second album, “White People Party Music,” was released in 2014. Nick unveiled his second mixtape, “The Gospel of Ike Turn Up: My Side of the Story,” on November 16, 2016. In December 2019, Cannon directed an Eminem diss track, “The Invitation,” after which a second diss track swiftly followed once Eminem responded via Twitter.

Stint on “America’s Got Talent”

Assuming hosting duties from Regis Philbin in 2009, Nick helmed “America’s Got Talent” until 2016. During his tenure on the show, he amassed $70,000 per episode. However, in 2017, Nick announced his departure from the 2017 season, citing creative disparities between himself and NBC executives. The network had been contemplating his dismissal after he made critical remarks about NBC in his Showtime comedy special, “Stand Up, Don’t Shoot.” Despite being under contract, potentially facing legal repercussions for breaching the agreement, NBC initially rebuffed Cannon’s resignation. Ultimately, his exit was validated, with Tyra Banks succeeding him as host of “America’s Got Talent.”

Getty Images

Incident at CBS

During an episode of his podcast “Cannon’s Class” on June 30, 2020, Nick made statements that were construed as antisemitic. While conversing with rapper Professor Griff of Public Enemy regarding the latter’s departure following past antisemitic comments, Cannon delved into various conspiracy theories regarding the affluent Rothschild family, deemed antisemitic.

In response to these comments, ViacomCBS terminated its association with Cannon on July 14, 2020, a channel that had long broadcast his show “Wild ‘N Out,” citing “hateful speech and antisemitic conspiracy theories.” Notwithstanding, Cannon continued hosting a radio show titled “Nick Cannon Mornings” on KPWR Power 106.

On July 16, 2020, via a Twitter post, Nick disclosed his decision to pause his radio show temporarily for introspection and devising an action strategy. The show remains on a hiatus with an undetermined return date. Cannon issued a public apology on Twitter and retained his hosting role on the Fox program “The Masked Singer,” which he has presided over since 2019.

Union and Separation with Mariah Carey

From 2008 until 2016, Nick Cannon was married to acclaimed vocalist Mariah Carey. Their nuptials took place at her secluded estate on Windermere Island in The Bahamas, and they share twins, Monroe and Moroccan. Formalizing their split in August 2014, Nick and Mariah concluded their divorce in 2016.

Resolution Post-Divorce

Amid the divorce proceedings, pertinent legal filings unveiled that embarking on the marriage in 2008, Mariah possessed a net worth of $150 million, surpassing Nick’s wealth of less than $500,000.

Further disclosures showcased Mariah’s earnings of $6.3 million in 2014, contrasting Nick’s $2.7 million. As part of their undisclosed settlement, Cannon acquired ownership of a 2012 Ferrari and was mandated to contribute $5,000 monthly to a trust for their twins. Following the divorce filing, Nick and Mariah sold their long-standing residence in LA’s Bel Air area for $9 million. The property was originally acquired in 2009 for $7 million, with previous inhabitant Farrah Fawcett selling it in 1999 after residing there for over two decades.