An inside look at Nick Cannon's $100 million net worth. With an annual income of $25 million, here’s how he invests in startups, real estate, cars, and high-end fashion.
Updated Jul 20, 2023
Many companies on MoneyMade advertise with us. Opinions are our own, but compensation and in-depth research determine where and how companies may appear.
Entertainment
Cars
Real Estate
Startups
Nick Cannon is a versatile entertainer known for his talents in comedy, music, movies, and show hosting. With a $100 million net worth, he has become a prominent figure in the entertainment industry, generating an annual income of $25 million.
From humble beginnings in San Diego, California, Cannon has worked to build a diverse business empire that includes startups, real estate, cars, fashion, and more. Let's waltz into Cannon's story.
Net worth | $100 million |
Born | October 8, 1980 |
Nationality | American born in San Diego, California |
Became a millionaire at | 29 |
Occupations | Comedy, music, movies, show hosting |
Sources of wealth | N'Credible Entertainment, Wild 'N Out, America's Got Talent, The Masked Singer |
Asset classes | Startups, real estate, cars, fashion |
Nick Cannon was born in San Diego, California, on October 8, 1980. Nicholas Scott Cannon rose to fame through an exciting journey that reflects his passion for entertainment.
Early in life, Nick Cannon loved performing. After graduating from Monte Vista High School, he began doing stand-up comedy on his televangelist father's local cable TV program. This foray into comedy led to a successful run in The Laugh Factory, The Improv, The Nick Cannon Show, and The Comedy Store.
In 1998, Cannon's break came when he joined the TV series, All That, becoming the youngest staff writer in the history of television at just 17 years old. He continued to make a name for himself by starring in other TV shows, such as Kenan & Kel and The Parkers.
Cannon's transition to the big screen began with a minor role in Whatever It Takes in 2000 before appearing in blockbuster hits like Men In Black II in 2002. His compelling performances in films such as Drumline, Love Don't Cost a Thing, Roll Bounce, and Shall We Dance further increased his Hollywood prominence.
Cannon also pursued a music career, joining the teen rap group "Da G4 Dope Bomb Squad" which opened for big names like Will Smith and 98 Degrees. In 2003, his self-titled solo album debuted, showcasing the track "Gigolo" in collaboration with R. Kelly.
His hosting abilities cemented his fame even further as he hosted popular TV shows like Wild 'N Out, which debuted on MTV in July 2005, America's Got Talent from 2009 to 2016, and The Masked Singer, which he has hosted since 2019.
From 2009 to 2016, Nick Cannon reportedly earned $70,000 per episode for hosting America's Got Talent.
Source: tvfanatic.com
Nick Cannon has had multiple relationships and children. He married Mariah Carey On April 30, 2008, at Carey's private estate on Windermere Island, Bahamas but later got divorced. He has children with Brittany Bell, Alyssa Scott, Abby De La Rosa, and LaNisha Cole.
Nick Cannon’s children
Nick Cannon's annual income is reportedly $25 million, primarily from diverse sources such as acting, business ventures, and promotional activities, including brand collaborations.
He's also running the Nicholas Scott Cannon Foundation. With Nick Cannon worth millions of dollars, let's see how he makes and invests all that money.
Nick Cannon established himself as a prominent host, producer, and DJ in the entertainment industry early in his career. In 2005, Cannon created, produced, and hosted the MTV improv comedy series Wild 'N Out, which he continues to work on today.
Cannon earns $70,000 per episode of Wild 'N Out, and the cast members reportedly earn at least $1,000 per episode, according to various reports.
Cannon announced he would be going on a comedy tour in the fall of 2010, starting at the Just for Laughs festival in Montreal. He recorded his first stand-up comedy special, "Mr. Showbiz," in early 2011 at the Palms Casino Resort in Las Vegas. The special premiered on Showtime that May.
Cannon's earnings continued with his various shows, notably The Masked Singer, as he reportedly earns more than $20 million for hosting two seasons each year. He earns around $25 million annually for his various hosting duties.
Nick Cannon's hosting job on The Masked Singer garnered him a Primetime Emmy Award nomination for Outstanding Competition Program. Additionally, he received his fourth nomination for Favorite TV Host at the Kids' Choice Awards for his role as the show's host.
Cannon earns over $20 million annually for hosting two seasons of The Masked Singer.
Source: fox29.com
He reportedly earned $70,000 per episode for hosting America’s Got Talent from 2009 to 2016. Although he resigned from hosting the show in 2017, citing creative differences, NBC had considered firing him after he disparaged NBC in his Showtime comedy special, "Stand Up, Don't Shoot."
Cannon’s resignation was ultimately accepted as final without further incident, and Tyra Banks replaced him.
Cannon also hosts his radio show Nick Cannon Mornings at Power 106 in Los Angeles and has a weekly chart program called Cannon's Countdown, syndicated by CBS Radio.
As a well-known entertainer and entrepreneur, Cannon has built a business empire over the years. In addition to his ventures in the entertainment industry, Cannon has also made significant moves in startup investments, and he claims to have turned his hit show, Wild 'N Out, into a billion-dollar business.
Nick Cannon claims to have transformed 'Wild 'N Out' into a billion-dollar business through his entrepreneurial efforts.
Source: ticketmaster.com
His stand-out business pursuits include the creation of N'Credible Entertainment, a record company, and a TV and film production company. N'Credible Entertainment is associated with several successful TV shows, including Incredible Crew on Cartoon Network, Teennick HALO Awards, Wild 'N Out, and Teennick Top 10.
Television host Cannon's entrepreneurial ventures have also extended to the technology industry, where he has devised exclusive products and curated the in-store experience for RadioShack. In his role, Cannon created a line of mobile phone accessories and consumer audio electronics, including N'Credible headphones, which he developed in partnership with Monster Cable Products.
The N'Credible1 Wireless Headphones were the first product launched under this collaboration, followed by the N'Credible Tablet—designed and released by Cannon in collaboration with Google Play.
Cannon has also invested in several industries, including film, media, and technology. In 2012, he wrote and produced the theme song for Incredible Crew, a Nickelodeon sketch-comedy show he created and executive produced with Cartoon Network Studios. And in November of the same year, Nick signed a deal with NBCUniversal to produce scripted and unscripted material for the network.
Cannon has been known to invest in real estate, owning multiple properties across the country. In 2022, he purchased a new home for his ex-partner Abby De La Rosa, and their twin boys in an undisclosed location.
Previously, Cannon owned a two-story, 2,173-square-foot home in Otay Ranch, which he purchased for $421,000 and later sold for $603,500 in 2019, earning him a profit of $182,500.
Nick Cannon bought this $3.2 million mansion in New Jersey in 2018 after quietly renting to buy.
Source: the-sun.com
Nick Cannon also paid $3 million for an estate on High Middle Road in Saddle River, New Jersey, in 2018. He reportedly paid $11,000 per month and had a "rent to own" clause in his agreement. He eventually bought the home in 2018, as per reports.
Cannon also previously owned a Bel-Air mansion with his ex-wife and singer Mariah Carey, which they bought for $7 million and sold for $9 million in 2015.
Nick Cannon's impressive car collection includes luxury cars and one truck with a net value of around $2 million. Nick loves Rolls Royce cars and once boasted an impressive collection of seven in his garage.
His collection includes a $500,000 Rolls-Royce Phantom Drophead Coupe gifted to his grandfather, a $200,000 Ferrari California, a customized 2020 Toyota Tundra, and a 2006 Ford GT and Ferrari 599 worth $300,000 each.
There are also his $128,000 Mercedes-Benz G Wagon and a $283,000 Lamborghini Murcielago Roadster. Cannon's wealth allows him to collect luxury cars, including gifts like the $300,000 "get well" Ferrari from his ex-wife Mariah Carey. Cannon's car collection demonstrates his love for luxury vehicles and his ability to invest in appreciating assets.
Car | Estimated Price |
|---|---|
Rolls-Royce Phantom | $500,000 |
Ferrari California | $200,000 |
Custom Toyota Tundra | Unknown |
Ford GT | $300,000 |
Ferrari 599 | $590,000 |
Mercedes-Benz G Wagon | $128,000 |
Lamborghini Murcielago | $283,000 |
The star invests in high-end fashion, purchasing unique and expensive items that deliver a “wow" factor.
Nick Cannon's priciest pair of shoes are bespoke Tom Ford creations, worth $2.2 million and adorned with diamonds by jeweler Jason Arasheben. Cannon stole the show at America's Got Talent season 9 finale, where he sported sparkling shoes. Crafted using 2,000 person-hours, these extravagant shoes boast 14,000 full-cut diamonds set in white gold, totaling 340 carats.
Nick owns some of the most expensive shoes in the world, such as custom Gucci Air Maxes and Goyard/BAPE/Jordan 1 custom shoes, with many pairs being one-of-a-kind. His closet also contains various Christian Louboutin shoes, each costing over $3,000, as well as Versace and Alexander McQueen shoes.
His collection also features Jordans sneakers and Jimmy Choo shoes, with the latter's blue camouflage glitter velvet slippers alone costing $650.