Nick Cannon Earns Nearly $100 Million A Year

Despite serving as a long-time TV host, Nick Cannon's net worth will surprise you. Yes, he has more money than many known celebs in the showbiz. However, Cannon is more than a host. He has also cashed through various gigs as an actor, comedian, rapper, and businessman. Meanwhile, ‘The Nick Cannon Show" host and ‘White People Party Music’ album singer also has a lot of children who might inherit his multi-million dollar wealth. His revenue streams include collaboration with Radio Shack which allows him to sell a line of electronic consumer goods. 

What Is Nick Cannon’s Net Worth?

In 2024, Nick Cannon’s net worth is around $50 million, according to Celebrity Net Worth.

According to his interview with LA Times, Nicholas Scott Cannon has claimed that he needs to make at least $100 million to keep his lifestyle afloat. So why does he is worth so little? Well, the secret is his expenses which have been discussed below.

That being said, Nick Cannon has multiple income streams. He has been the face of "The Masked Singer” and as a host Cannon has made over $20 million in salary. Plus, he has hosted other shows with big fat checks such as America's Got Talent for which he reportedly got up to $70,000 per episode. His production company, NCredible Productions has also produced other shows such as "Wild 'n Out" which has made him millions too. 

Besides these, several other projects have and are contributing to Nick Cannon’s wealth. His “Counsel Culture” produced by Amazon must have added quite some to his bank account. Although the contract amount is yet to be revealed. Nick Cannon also has radio shows, podcasts, and other programs which bring in a hefty cash. These include 2 Hate or Not 2 Hate, The Daily Cannon, Nick Cannon's Big Drive, and more.

What is Nick Cannon's claim to fame?

Nick Cannon is famous as a host. However, in his life, there have been several milestones that earned him global fame.

• All That (1994): Cannon gained early recognition when he was cast as the youngest writer on Nickloadena’s All That (1994) sketch comedy series just at the age of 17.

• Music Career: Cannon made it big in the early 2000s with his hit single "Gigolo" featuring R. Kelly. The song was released in 2003 and ended up reaching No. 24 on the Billboard Hot 100.

• Debut Film Role in Drumline (2002): Cannon’s breakthrough role as Devon Miles in Drumline earned him significant recognition as an actor. For his role, he was nominated for the MTV Movie Awards, Black Reel Awards, and Teen Choice Awards.

• The Nick Cannon Show: In 2002, Cannon created, produced, and starred in a spin-off of “All That” on Nickelodeon, which further gave him wind to rise in fame.

•  Wild 'N Out: After the success of his previous show, Cannon went on to give birth to an improv comedy show, Wild 'N Out in 2005 which ended up becoming a cultural phenomenon and is still running.

What brands does Nick Cannon own or endorse?

Businesses

Nick Cannon built his fortune not only through high-paying hosting jobs but also through some businesses and companies that produced super-hit shows including Wild 'N Out. Details are as follows.

• NCredible Productions: It is Nick Cannon’s production company has produced some of the most successful on Television such as Wild ‘N Out and The Masked Singer. In 2019, the company reported a revenue of $100 million, according to Forbes.

• Ncredible Gym: Nick Cannon owns a gym in Los Angeles California. The place offers yoga, endurance training, nutritional guidance, and much more.

• VTree Hollywood: In 2020, Mariah Carey's ex-husband, Nick Cannon founded a vegan soul food outlet named VTree Hollywood with Chef Velvet in Hidden Hills. The eatery is inside a 106-year-old Japanese restaurant, Yamashiro.

• Wild 'N Out Sports Bar and Restaurant: Cannon has Wild 'N Out Sports Bar in Miami Florida and Wild 'N Out Sports Bar and Restaurant in San Diego, California. Reportedly, he wants to make it the “billion-dollar” franchise.

Endorsements

Nick Cannon has been a brand favorite for many years. From JP Morgan Chase to T-Mobile, he has promoted several companies over the years.

• Boost Mobile: Nick Cannon has collaborated with Boost Mobile for more than two decades now and has been part of several campaigns. Meanwhile, Nick isn’t the only black celeb to appear for Boost Mobile. Other notable names such as Kanye West, Ludacris, and others have also been in the company’s ads. 

• Honda: For its "Best Yourself" campaign in 2013, the Japanese automaker signed Nick Cannon who promoted brand's new Honda Civic.

• Office Depot: In 2013, Office Depot and Mr. Cannon came together to launch a line of products, ‘NCredible’ back-to-school which included backpacks, pens, notebooks, folders, and more.

• RadioShack: In 2015, Nick Cannon became RadioShack’s "Chief Creative Officer" and later launched his line of electronic consumer goods line which includes products like Ncredible1 Wireless Headphones.

• JPMorgan Chase: Nick Cannon took over Chase's Instagram account for a day in 2015 as part of the bank's Chase Mastery campaign. He was also featured in various ads.

• Buffalo Wild Wings: It is one of the latest deals for Nick Cannon. He's been pushing for the new campaign which gets you one additional wing if you buy one on every Tuesday and Thursday.

• Chrysler: In 2016, Automaker promoted its 2017 Chrysler Pacifica mode on TV with Nick Cannon who was featured in its “Babe Magnet” ad. 

• T-Mobile: In 2017, NCredible entrepreneur, Nick Cannon was part of T-Mobile's Holiday TWOgether campaign and featured in its ads that aired before Christmas.

Additionally, Nick Cannon has also made deals with Express Smile Atlanta and other brands.

How does Nick Cannon spend his wealth?

A big chunk of Nick Cannon’s money gets spent on his family members and his former and current girlfriends. He has 12 children in total. Furthermore, Nick has claimed that it costs him $200,000 just to take his kids to Disneyland. He also pays around $3 million in child support per annum. Moreover, he invests his money in real estate as well. 

How many houses does Nick Cannon own?

Over the years, Nick Cannon has built up an impressive real estate portfolio. Here are some of his notable purchases.

• Early Purchase: In 2002, even before the release of his famous single “Gigolo”, Nick bought a house in Temecula for his parents and his grandparents. He also bought one for himself for $421,000 in San Diego, according to Architectural Digest.

• After the marriage: In 2009, nearly a year later his marriage with Mariah Carey, Nick Cannon put down $6.975 million for a Bel Air Mansion which was sold for $9 million in 2015.

• For the kids: To raise his kids in a better place, Cannon rented a $3 million home in Saddle River, New Jersey with a rent-to-own clause. He started with $11,000 per month and he now owns the property.

• Other properties: Nick Cannon has pads, houses, and apartments in Joshua Tree and Washington, DC. He bought a home for his twins (Zion and Zillion) and their mother Abby De La Rosa as well. Besides this, one of the most recent purchases by Nick Cannon includes a $3.1 million Subarbun home in Woodland Hills, LA, California.

How many cars does Nick Cannon own?

Nick Cannon’s garage is filled with numerous performance and luxury cars. He even appeared on CNBC’s show, Jay Leno’s Garage, and showed off his expensive collection of automobiles. Here are some of the notable mentions. 

• 2008 Ferrari 599: A yellow Ferrari with an MSRP of $302,000 was worth $584,000 in 2019 when Nick did his interview with the former late-night show host.

• 2006 Ford GT: Nick is a clever businessman. That is why he knew the value of the Ford GT. He bought the car with an MSRP of $149,000. Now its value has soared to $447,905.

• 2016 Rolls-Royce Drophead Phantom Drophead Coupe Convertible: How can a celeb garage be complete unless it has one Rolls-Royce? Nick’s Phantom Drophead Coupe Convertible is covered in white paint. The car had a starting price of $492,000.

• 2013 Ferrari California: Cannon took Jay Leno for a ride in his black 2013 California convertible which had a base MSRP of $195,000.

What are Nick Cannon’s charitable contributions and philanthropic endeavors?

Nick Cannon has done some notable philanthropic and charitable deeds. Here are some notable ones.

• Donation After Controversy: After his racist comment scandal and firing and termination of the contract with ViacomCBS, he donated his first check from his new hosting show “The Masked Singer” to the Simon Wiesenthal Center. He donated his first paycheck. 

• Diamond Shoes: Cannon's $2 million custom diamond shoes that we have seen him wear on “America’s Got Talent” were reportedly donated in charity but it has never been confirmed.

• Nick Cannon Foundation: Cannon heads the non-profit that supports social and justice reforms, helps people with their education, and provides basic human needs. In 2020, the organization teamed up with Microsoft to donate tablets and laptops worth $12,000 to Brigade Boys & Girls Club.

• Zen's Light: After the death of his newborn son Zen who died of brain cancer, in June 2022, Nick Cannon announced the formation of Zen's Light Foundation which will honor the deceased son and provide "pediatric healthcare for families and children in need". Through the foundation, Nick has even visited  St. Mary’s Children’s Hospital in Bayside to show support to children undergoing treatment.

   

• Other Endeavors: Cannon has been part of the “End It Movement” commercial which aired in 2013. Its aim was to promote awareness about slavery and human trafficking and how it needs to end. Meanwhile, the same year, Cannon also joined his crew for NCredible's 'Giveback' weekend to volunteer for ‘Feeding America’.

What’s next for Nick Cannon? 

Nick has not announced any big plans for the future. For the time being, he will continue his Tubi TV podcast, Nick Cannon's Big Drive, and will promote his recent projects such as Counsel Culture.