What Is Nick Cannon's Net Worth?

Nick Cannon's net worth

With a diverse career that spans television, film, music, and entrepreneurship, Nick Cannon has achieved a substantial net worth of $50 million. A versatile American actor, television host, and entrepreneur, Cannon has made a significant impact in the entertainment industry. Nick Cannon's journey to financial success encompasses a diverse range of income streams. His initial foray into music began with the debut of his self-titled album, "Nick Cannon" in 2003, marking the inception of his music career. Concurrently, Cannon showcased his acting talent in notable films like "Drumline" (2002) and "Men in Black II" (2002), broadening his sources of income. His notable television shows, including his hosting role on the popular show "America's Got Talent" and his creation "Wild 'N Out" have played a pivotal role in shaping his success.

What are Nick Cannon’s sources of income?

Nick Cannon's diverse career has led to multiple streams of income across various entertainment platforms. His primary sources of earnings include television hosting, acting, music, entrepreneurship, and producing. Nick Cannon has been actively involved in the music industry, starting with the establishment of his record label, "Can I Ball Records," in 2005. His debut studio album, self-titled "Nick Cannon," was released in 2003 and achieved notable success, reaching #15 on the US R&B chart.

The lead single, "Can I Live," debuted in July 2005. Beyond the entertainment spotlight, Nick Cannon established his record labels, "Can I Ball Records" and "N'Credible Entertainment," showcasing his entrepreneurial ventures within the music industry. His strategic business investments and diverse entrepreneurial endeavors contribute to his overall financial success.

In the realm of film, Cannon's involvement in productions such as "Bobby" (2006) and Spike Lee's "Chi Raq" (2015) earned him accolades and diversified his income sources. Notably, his influence extends beyond acting to include production and direction, exemplified by his role in shaping the success of "Wild 'N Out."

Expanding his reach to the radio, Cannon hosts "Nick Cannon Mornings" on KPWR Power 106, providing an additional avenue for income. His multifaceted career, spanning music, television, film, entrepreneurship, and radio, underscores Nick Cannon's strategic financial decisions and enduring influence in the entertainment landscape.

Nick Cannon's salary

Nick Cannon's impressive career has brought him substantial earnings, particularly from his roles as a television host and producer. Hosting "The Masked Singer" alone reportedly earns him over $20 million per season. During his tenure on "America's Got Talent," he earned approximately $70,000 per episode. Cannon's salaries from these high-profile hosting gigs, combined with his other ventures, contribute significantly to his overall net worth.

Nick Cannon's brand endorsements

Nick Cannon's multifaceted career has not only brought him fame and fortune but also numerous brand endorsement opportunities. He has collaborated with a range of companies, leveraging his popularity and influence to promote various products and causes. Some of the brands that he has worked with or currently has contracts with include Boost Mobile, Express Smile Atlanta, Honda, and Honda Civic. These partnerships not only contribute to his income but also enhance his brand image.

Nick Cannon’s assets

Nick Cannon owns a production company, NCredible Productions, which has been involved in various successful projects. Additionally, Cannon's ownership of the "Wild 'N Out" brand showcases his entrepreneurial prowess. In terms of real estate, Nick Cannon owns a range of properties, including his impressive $9 million Bel Air home in Los Angeles. Cannon's car collection includes a fleet of luxury vehicles such as a Ferrari 458 Italia and a Mercedes-Benz G-Wagon.

Nick Cannon’s Social Media following

Nick Cannon's early life and marital journey

Born on October 8, 1980, in San Diego, California, Nick Cannon's journey to success began at an early age. He showed his talents and comedic abilities as a child, performing comedy on his father's local cable access TV show. Despite challenges, including his association with a street gang during his teenage years, Cannon channeled his energies into pursuing his passion for entertainment. Cannon's breakthrough arrived with his role on the Nickelodeon sketch comedy show "All That." Subsequently, he starred in movies like "Drumline," "Love Don't Cost A Thing," "Shall We Dance," and "Bobby," earning accolades and recognition for his performances.

Nick Cannon's personal life has been marked by notable milestones, including his high-profile marriage to singer Mariah Carey. The two tied the knot in 2008 at Carey's private estate on Windermere Island in The Bahamas. The couple shares twins Monroe and Moroccan Scott. However, their union faced challenges, leading to an official confirmation of their separation in August 2014, with the divorce finalized in 2016.

Divorce settlement and financial dynamics

Legal filings during the divorce proceedings unveiled significant financial details. Mariah Carey entered the marriage in 2008 with a net worth of $150 million, while Nick Cannon's net worth was reported to be less than $500,000. In 2014, Carey earned $6.3 million, whereas Cannon's earnings for the same period amounted to $2.7 million. The settlement terms, kept undisclosed, involved Nick receiving the title to a 2012 Ferrari and an obligation to contribute $5,000 per month to a trust for their twins. Post-divorce, the couple sold their longtime Bel Air home for $9 million, a property they acquired in 2009 for $7 million.

Fatherhood and expanding the family

Nick Cannon's journey as a father is remarkable, with 11 children from six women, including two sets of twins. Unfortunately, one child tragically succumbed to cancer at the age of 5 months. The timeline of Cannon's fatherhood is as follows:

- April 30, 2011: Welcomed twins Monroe and Moroccan with Mariah Carey.

- February 21, 2017: Celebrated the birth of son Golden Sagon with Brittany Bell.

- December 23, 2020: Welcomed daughter Powerful Queen with Brittany Bell.

- June 14, 2021: Embraced twins Zion Mixolydian and Zillion Heir with Abby De La Rosa.

- June 23, 2021: Experienced the birth of Zen with Alyssa Scott, who tragically passed away from brain cancer five months later.

- June 28, 2021: Welcomed son Legendary Love with model Bre Tiesi.

- September 14, 2022: Celebrated the arrival of daughter Onyx Ice Cole with LaNisha Cole.

- September 23, 2022: Added son Rise Messiah to the family with Brittany Bell.

- November 11, 2022: Greeted daughter Zeppelin with Abby De La Rose.

- December 2022: Welcomed daughter Halo Marie with Alyssa Scott, marking Nick's 12th child and 11th surviving child.

In a November 2022 podcast, Nick Cannon confirmed spending well beyond $3 million annually on his children. His commitment to providing for his extensive family is noteworthy, emphasizing a determination to avoid reliance on the governmental system. This impressive financial commitment aligns with Cannon's broader philanthropic stance, contributing to a narrative that extends beyond celebrity life to encompass a strong sense of responsibility and financial independence.

Nick Cannon's awards

From winning the Breakthrough Actor of the Year Award at the Cannes Film Festival for "Bobby" to receiving nominations for Teen Choice Awards and NAACP Image Awards, his versatility as an entertainer shines through. He also set a Guinness World Record for being the youngest TV show host in the U.S. with "Nick Cannon Presents Wild 'N Out." Beyond his professional ventures, he is actively engaged in philanthropic efforts, partnering with organizations such as "A Place Called Home" and the "Alzheimer's Association."

FAQs

Who is Nick Cannon's ex-wife?

Nick Cannon's ex-wife is singer Mariah Carey.

How long were Nick Cannon and Mariah Carey together?

Cannon and Carey were married from 2008 to 2016.

What exactly does Nick Cannon do?

Nick Cannon is a TV and radio host, comedian, actor, producer, rapper, writer, director, DJ, philanthropist, children's book author, and activist.

How did Nick Cannon become famous?

Nick Cannon became famous through early exposure to comedy, his breakthrough on Nickelodeon's "All That," and his ventures in music, including founding "Can I Ball Records."

What is Nick Cannon’s most famous role?

Nick Cannon's most famous role is his lead character portrayal in the movie "Drumline" (2002).

Is Nick Cannon's family billionaires?

No, they are not billionaires.

How much did Nick Cannon get paid for "Drumline"?

The specific amount Nick Cannon was paid for his role in "Drumline" is not publicly disclosed.

Who is Nick Cannon’s current girlfriend?

Bre Tiesi and Nick Cannon have said about their nonmonogamous relationship.

What's the name of Nick Cannon's most recent child?

Cannon announced that he'd welcomed his first child with photographer and model Lanisha Cole in September 2022, a daughter named Onyx Ice Cole Cannon. 

How old is Nick Cannon?

Nick Cannon is 42 years old

How much does Nick Cannon earn a year?

Nick Cannon makes approximately $10 million a year.

How many baby mamas does Nick have?

Nick Cannon shares his brood with six different women.