Nick Cannon Net Worth 2023

As of 2023, the net worth of Nick Cannon is estimated to be $50 million.

American television host, actor, rapper, and comedian Nicholas Scott Cannon was born on October 8, 1980. Before hosting The Nick Cannon Show, Wild 'n out, America's Got Talent, Lip Sync Battle Shorties, and The Masked Singer, Cannon made his television debut as a teen on “All That.” He appeared as an actor in the movies Roll Bounce, Love Don't Cost a Thing, and Drumline.

He made his first self-titled album as a rapper in 2003, which featured the song “Gigolo,” a joint effort with R. Kelly. In the 2007 movie Goal II: Living the Dream, he portrayed the fictitious footballer TJ Harper. The singles “Dime Piece” and “My Wife” were recorded by Cannon in 2006 for the upcoming album Stages, which was never released.

Cannon's paternal grandfather, whom he and his biological father both referred to as “dad,” was primarily responsible for raising him. He admitted that when he was a teenager, he belonged to the street gang known as the Lincoln Park Bloods, but he said that after losing a close friend, he left the group.

He graduated from Monte Vista High School in Spring Valley in 1998 while serving as the organization's president and competing in track and field.

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Net Worth as of 2023

Nick Cannon’s net worth as of 2023 has been estimated to be $50 million by various sources. He primarily earns from television hosting, acting, and TV appearances, Cannon additionally earns from other sources as well.

Sources Of Income

Television Hosting

Cannon is well-known for his roles as a television host. He has hosted shows like “America's Got Talent,” “The Masked Singer,” “Wild 'n Out,” and “The Nick Cannon Show.” In 2009, Cannon's television hosting career took off when he became the host of 'America's Got Talent', succeeding Regis Philbin.

His seven-year stint between 2009 and 2016, on the show paid him a significant salary of $70,000 per episode. But in 2017, Cannon quit “America's Got Talent” because he had creative differences with NBC executives. He was succeeded by Tyra Banks as the host of the show, however, NBC executives initially refused Cannon's resignation because he was technically under contract and could have been sued for breach of contract.

Acting

Nick Cannon has had acting roles in various movies and television shows. Cannon's acting career began with a small appearance in “Men in Black II” in 2002. His breakthrough came when he played the main character, Devon Miles, in the movie “Drumline” the same year, followed by a role in the comedy “Love Don't Cost A Thing” in 2003.

He continued to make his mark in the film industry with appearances in movies such as “Shall We Dance,” “Roll Bounce,” and “Bobby.” Notably, his performance in “Bobby” earned him a Screen Actors Guild Award nomination in 2007 and the Breakthrough Actor of the Year Award at the Cannes Film Festival. How much he could earn from this source is currently unknown.

Music

Nick Cannon founded Can I Ball Records in 2005, and released his debut album in 2003. He then founded N’Credible Entertainment in 2009. In 2010, he created the character Slick Nick, releasing singles and a mixtape in 2011. In 2013, Cannon continued with tracks like “Me Sexy” and “Looking for a Dream” featuring Afrojack.

His second album, “White People Party Music,” was released in 2014, and he followed it up with a mixtape in 2016. In December 2019, he released a diss track aimed at Eminem, which led to a Twitter exchange and another diss track the same day. How much he could earn from this source is currently unknown.

Stand-Up Comedy:

Cannon is also a professional comedian who has performed stand-up comedy, which is a source of income through live performances and specials. Cannon has produced comedy specials, such as “Nick Cannon: Stand Up, Don't Shoot,” which have generated revenue through ticket sales and streaming platforms. How much he could earn from this source is currently unknown.

Production

He has been involved in the production of shows like “Wild n Out” and “Lip Sync Battle Shorties,” which not only gives him creative opportunities, but also is a source of income from production credits. How much he could earn from this source is currently unknown.

Business Ventures

Nick Cannon has pursued various business ventures, such as his clothing line, “NCREDIBLE,” and other entrepreneurial pursuits. How much he could earn from this source is currently unknown.

Endorsements

Cannon has earned income through endorsements and brand partnerships, and has been associated with various brands and endorsements. How much he could earn from this source is currently unknown.

Writing

Cannon has written several books, including “Neon Aliens Ate My Homework and Other Poems” and “Roc and Roes Twelve Days of Christmas.” Writing has also been another source of income. How much he could earn from this source is currently unknown.

Other Ventures

Various other projects and investments have contributed to his overall income as well. How much he could earn from this source is currently unknown.

Expenses

During the divorce proceedings, it was revealed that upon Mariah Carey’s marriage to Cannon in 2008, she possessed a net worth of $150 million, whereas Nick's net worth was less than $500,000. The legal documents also revealed that Mariah made $6.3 million in 2014, while Nick made $2.7 million in the same year.

As part of their settlement, Nick got a 2012 Ferrari and had to pay $5,000 a month into a trust for their twins. They also sold their Bel Air home for $9 million, which they had bought for $7 million in 2009 and was previously owned by Farrah Fawcett.

In a podcast interview from November 2022, Nick Cannon revealed that he spends over $3 million a year on his children. He stressed that these expenditures aren't ordered by the courts or a part of any government plan.