Nick Cannon Net Worth: How Wealthy is The Multi-talented Cannon?

Life is boring without humor. Thankfully, the universe allowed the atoms to align and form the one and only, Nick Cannon. Born with a merriment-packed DNA, I think everyone can agree that TV shows are extra energetic when this jolly personality is spotted on stage and runs their mouths full of creative jokes. As if hilarity is not enough, Nick Cannon can fire some more. He has it all. Acting, singing, rapping, hosting, This article will look at how Nick Cannon got his start in the business, one step at a time, and find out how much money he made in exchange for the good vibes he gave off.

Nick Cannon was brought into existence on October 8, 1980, in the wealthy neighborhood of San Diego, California. Nick was born with a golden spoon in his mouth, but just like a typical rich kid story, he didn’t grow up with a complete family. When his parents got divorced, he found himself in the care of his grandparents.

His skill as a comedian was nourished at an early age. When he was 8, he started to be interested in performing comedic acts, and when he was 10, he started showcasing his talent on his father’s local cable television show. After receiving a graduation degree from Monte Vista High School in 1988, he moved to Hollywood and started his journey as a comedian with several big-name comedy gigs. His very first television show was in the ‘90s with a role in a Nickelodeon sketch comedy show, All That. In his teenage years, his interest grew wild in rap music, making him a member of a rap group, Da G4 Dope Bomb Squad.

He was married to Mariah Carey in 2008 and was blessed with twins, Moroccan and Monroe. After being separated from Carey in 2014, he had another son from his girlfriend in 2017.

Nick’s music career started when he formed his rap group in 1999. He first signed with Jive Records in 2001 and was featured in the cover song for the Jimmy Neutron: Boy Genius soundtrack, 'Parents Just Don’t Understand.  In 2003, he released his first album, 'Nick Cannon,' on Jive Records, which peaked at #15 on the US R&B chart.

In 2005, he started his own record label, Can-I-Ball Records, and in the same year released his first single, 'Can I Live?'. In 2009, he canceled the Can-I-Ball label, replacing it with another record label, 'N'Credible Entertainment'. Under the new record label, he created a parody of Slick Rick, calling himself 'Slick Nick. After the release of his debut mixtape 'Child of the Corn', 'The Gospel of Ike Turn Up: My Side of the Story' and his Eminem diss single, 'The Invitation,' were then published in 2016 and 2011, respectively.

Nick Cannon began hosting in 2005 on the MTV improv comedy series Wild ‘N Out. It was also in the same year when he became a host of Nickelodeon’s 2005 Kids Choice Awards, followed by Nickelodeon’s HALO Awards in 2009. Also in 2009  when Nick Cannon hosted the world-famous talent show, 'America’s Got Talent,' which he handled for 7 years, he announced his withdrawal as the show’s host for the 2017 season because of creative differences with NBS executives. This issue almost got him sued for breach of contract, but the network decided to accept his resignation and replace him with a former ‘America’s Next Top Model host, Tyra Banks.

Nick also hosted the popular eating competition ‘Nathan’s Hot Dog Eating Contest’ in 2011 and, in the next year, hosted his own comedy television series, ‘Incredible Crew.’ It was in 2013 when he became the master of ceremonies at the ‘Ebony Magazine Power 100 Awards’, where he is also an honouree.

Along with this, he also hosted a morning radio show on 92.3% NOW FM with Southern Sarah Lee and Nikki in 2010. He was then assigned to a new program, 'Cannon’s Countdown,' and in the same year, he announced his comedy tour for the 'Just Laughs' festival in Montreal, followed by his stand-up comedy special, 'Mr. Showbiz' in Las Vegas. In 2014, Nick started working as a host on NBC’s 'Caught on Camera', and was also featured in the American film 'Drumline: A New Beat' in the same year.

In 2019, Nick hosted a reality show, The Mask Singer, but in the 5th season that aired in 2021, his job was temporarily filled by Niecy Nash as he tested positive for COVID-19. However, his return on the fifth episode of the season surprised the audience and the judges. In the episode’s wild card, Nick identified himself as one of the contestants under the mask of Bulldog. On his elimination, Nick unmasked himself, surprising the audience and the judges who missed his charms and banter on stage.

Apart from his hosting and music adventures, Nick Cannon also tried acting and was spotted in films like 'Roll Bounce,' 'Drumline, ‘Love Don’t Cost a Thing,' and 'Men in Black II.' His first film, ‘Bobby’, brought him the ‘Breakthrough Actor of the Year' award at the Cannes Film Festival in 2007.

In 2011, Nick Cannon established The Nicholas Scott Cannon Foundation and Do Something—an organization for passionate teenagers that would allow them to provide for their community. He has also been the National Association of Letter Carriers' spokesperson since 2011.

Aside from his celebrity career, he also earned tons of money from the shows produced under his entertainment label. He has also served as the chairman of Nickelodeon’s 'TeenNick' since 2009. Moreover, he was named Radioshack’s Chief Creative Officer. His popularity, which was showcased through television, film, and radio over the years, had made him a millionaire. Nick’s annual income from his duties alone ranges around $5 million per year, and as of November 2022, the multi-talented Cannon’s net worth is estimated to be $20 million. His net worth is expected to grow more and more as his popularity continues.