Nick Cannon, an American actor, television host, rapper, and entrepreneur, has built a multifaceted career that spans music, television, film, and business ventures. As of 2025, Nick Cannon’s net worth is estimated to be around $50 million, a testament to his hard work and diverse income streams. Known for hosting popular shows like The Masked Singer and Wild ‘N Out, Cannon’s earnings reportedly exceed $25 million annually, with a significant portion coming from television hosting gigs alone. In this article, we explore Nick Cannon’s net worth, career, personal life, and financial decisions that have shaped his wealth.
Early Life and Education
Nick Cannon was born Nicholas Scott Cannon on October 8, 1980, in San Diego, California, making him 44 years old as of 2025. Raised primarily by his grandfather, Cannon grew up in the Lincoln Park’s Bay Vista Housing Projects. His early life was marked by challenges, including a brief affiliation with the Lincoln Park Bloods street gang, which he left behind after a tragic incident involving a close friend.
From an early age, Cannon showed an aptitude for performance, making his comedy debut at age 11 on his father’s local cable access television show. He graduated from Monte Vista High School in 1998 and later moved to Hollywood to pursue a career in entertainment.
Television and Hosting Career
Cannon’s big break came with his role on Nickelodeon’s sketch comedy show All That in the mid-1990s. His comedic talent led to the creation of The Nick Cannon Show, which he hosted and produced.
One of Cannon’s most lucrative hosting roles has been on The Masked Singer, where he reportedly earns $20 million per year. His hosting duties also included America’s Got Talent, where he earned $70,000 per episode between 2009 and 2016.
His long-running comedy sketch show, Wild ‘N Out, which first aired in 2005 and was revived in 2012, remains a staple of Cannon’s career. As the host and executive producer, Cannon earns both salary and profit shares from the show’s success.
Music Career
In addition to television, Cannon has pursued a music career. His debut self-titled album, released in 2003, reached #15 on the US R&B chart. He later launched his own record label, N’Credible Entertainment, and released a mixtape, The Gospel of Ike Turn Up: My Side of the Story, in 2016.
Real Estate and Investments
Nick Cannon’s real estate portfolio is estimated to be worth around $10 million. His properties include a $3.2 million mansion in Saddle River, New Jersey, and a $3.1 million home in Woodland Hills, California. Previously, he co-owned a $9 million estate in Bel-Air with ex-wife Mariah Carey.
Cannon has also invested in tech startups and production companies, diversifying his income sources. His business acumen extends to creating his own media production company, which produces Wild ‘N Out and other projects.
Personal Life and Family
Nick Cannon has fathered 12 children with six different women, including twins Moroccan and Monroe with singer Mariah Carey. Cannon’s child support and related expenses reportedly exceed $3 million per year, a cost he has publicly acknowledged.
Cannon was married to Mariah Carey from 2008 to 2016. As part of their divorce settlement, Cannon was awarded the title to a 2012 Ferrari and was required to contribute $5,000 monthly to a trust for their children. The couple also sold their Bel-Air mansion for $9 million.
Activism and Philanthropy
Nick Cannon is also known for his philanthropic efforts. He runs the Nicholas Scott Cannon Foundation, which focuses on youth empowerment. He has been a spokesperson for the National Association of Letter Carriers’ annual food drive and filmed public service announcements for the organization Do Something.
In 2016, Cannon enrolled at Howard University, graduating in 2020 with a degree in Criminology/Administration of Justice. His focus on education and community service highlights his commitment to making a positive impact beyond entertainment.
Controversies and Challenges
Cannon’s career has seen its share of controversies, including antisemitic remarks made on his podcast Cannon’s Class in 2020, which led to ViacomCBS terminating its relationship with him. Despite the backlash, Cannon issued an apology and retained his hosting role on The Masked Singer.
Conclusion
Nick Cannon’s net worth of $50 million reflects a career built on versatility, business savvy, and relentless work ethic. From television and music to real estate and entrepreneurship, Cannon has successfully expanded his brand across multiple industries. As he continues to balance his career and fatherhood, his financial strategies and future endeavors will undoubtedly keep him in the spotlight.
