Nick Cannon Is Worth Millions, But How Much of It Actually Comes From His Music Career?

June 11, 2024

Highlights

Nick Cannon has a internet worth of $50 million and aims to generate $100 million every year to maintain his lifestyle.
Cannon's music career includes a debut album that sold 201,000 devices in the USA.
Cannon owns the highbrow belongings rights to the display Wild 'n Out, which has generated over $A hundred million in income and is valued at $500 million.

Nick Cannon stands proud as a multifaceted entertainer in comedy and flicks, and for hosting numerous tv shows. Cannon cast his business empire despite battling a fatal autoimmune disease and paying over $3 million in child support to his twelve kids.

However, despite these challenges, Cannon's pastime for rap music and reside performances enabled him to harness his vigor and earn admiration throughout the leisure business, which in the end constructed his multi-million buck fortune.

8 How Much Is Nick Cannon's Net Worth?

Net Worth As Of 2023 - $50 Million

Nick Cannon boasts a $50 million fortune from his diverse leisure ventures. In May 2023, Cannon revealed to the Los Angeles Times that he aims to generate $100 million annually to sustain his lifestyle. This revelation followed public scrutiny over his financial commitments to the twelve children he stocks with different women.

"When you think about my lifestyle, I have to generate at least $100 million a year... Everybody thinks Ryan Seacrest has tons of money. I do everything that he does times 10. Well, not times 10—times three. Because he does a lot."

When TMZ received the divorce documents after Cannon's divorce from Mariah Carey in 2014, it mentioned that he had a monthly child support obligation of at least $5,000 for their kids.

Nick Cannon

Birthname Nicholas Scott Cannon Birthdate October 8, 1980 Birthplace San Diego, California, USA Height 5′ 10

However, Cannon clarified that he does not pay child support but somewhat spends over $Three million once a year on his children. "I don't plan to ever have to participate in the governmental system of child," he told The Neighborhood Talk.

7 How Much Did Nick Cannon Earn From His Music Career?

Debut Album Sales In The US - 201,000 Units

Nick Cannon ventured into the music industry as one-third of the rap crew Da G4 Dope Bomb Squad. Their group had opening gigs for prominent artists such as Will Smith, LFO, 98 Degrees, and Montell Jordan.

Nick Cannon's Studio Albums by way of Billboard
	"Nick Cannon"	"White People Party Music"
Date Released	December 9, 2003	April 1, 2014
Music Label	Jive Records	N'Credible Entertainment
Formats	CD, Download, LP	CD, Download, LP
Peak Chart Position (US)	No. 83	NA

Cannon's music career continued with the discharge of his self-titled solo album in 2003. In 2005, Cannon established his record label, Can-I-Ball Records, with plans for a 2nd album known as "Stages," but it used to be eventually shelved due to his appearing career.

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Cannon returned to music in 2013 and introduced a 2nd album titled "White People Party Music." His 2nd studio album, released by means of N'Credible Entertainment, didn't replicate the good fortune of its predecessor. Concrete figures regarding the financial luck of his brief music career remain undisclosed in respected sources.

6 Nick Cannon Owns The Intellectual Property Rights On Wild 'N Out

Salary - $70,000 Per Episode

One of Nick Cannon's memorable contributions to the leisure landscape comprises Wild 'n Out, a freestyle comedy show launched in 2005, the place he serves as the principle host, the executive manufacturer, and the owner of its intellectual property.

Although Cannon doesn't have full ownership of the show, his manufacturing company has effectively produced Wild 'n Out for 19 seasons. Forbes reported in 2020 that the show generated over $100 million in revenue from 2019 projects. Nick Cannon quipped on The Diary Of A CEO podcast:

"I didn't think Wild 'N Out would be the billion-dollar conglomerate. I was just creating a show because Kevin Hart needed money to pay his rent..."

Cannon has a sizable source of revenue from the show, while cast members reportedly receive a minimum of $1,000 per episode. Although explicit information about Cannon's per-episode salary after the show moved to MTV2 are undisclosed, comedians on the display claimed to have earned significantly much less in comparison to their MTV generation. Despite this, Cannon, who values the Wild 'n Out brand at $500 million, continues to thrive financially.

5 Nick Cannon's Production Company Adds Millions Every Year To His Fortune

Company Value - $1.3 Billion

In 2009, Nick Cannon introduced the file label N'Credible, which developed into N'Credible Productions beneath his N'Credible Entertainment Company. Forbes reported in 2020 that Cannon's production company generated up to $100 million in the previous year, although Cannon's explicit percentage remains undisclosed.

Nick Cannon shared that somebody prior to now signed away his publishing rights for $10,000. He described it as one of the most important mistakes and classes he had ever learned. Cannon now channels his own $10,000 giveaway to aspiring artists, aiming to fortify them with out expecting anything in return. For him, this act symbolizes paying forward and correcting the longstanding business practices that have negatively impacted individuals for too long.

4 Nick Cannon Earned 8-Figures For Hosting The Masked Singer

Salary - $5 Million Per Season

During an interview with The Los Angeles Times, Nick Cannon published that he instructions a fee exceeding $20 million because the host of the Fox singing pageant sequence, The Masked Singer.

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Cannon effectively presided over all 9 seasons of the acclaimed Emmy award-winning display with a reported salary of $250,000 per episode. Forbes reported in 2020 that Cannon inked a deal to produce The Masked Singer for that year under his production corporate, N'Credible Productions. This association means that he additionally stands to partake in a share of the show's earnings.

3 Nick Cannon's Lucrative Salary During His Hosting Tenure At America's Got Talent

Salary - $70,000 Per Episode

According to Celebrity Net Worth, between 2009 and 2016, Nick Cannon garnered a substantial source of revenue of $70,000 per episode as the host of America's Got Talent. This consistent arrangement endured for the duration of his webhosting tenure on the display.

Who Are Nick Cannon's Baby Mamas?

Nick Cannon has 12 young children with six different women. While he is not shutting the door at the concept of more babies, he could also be slowing down temporarily.

In 2017, Cannon voluntarily stepped down from his hosting duties, due to ingenious differences. However, NBC initially contemplated terminating his contract after he made disparaging remarks about the network in his Showtime comedy particular, Stand Up, Don't Shoot.

2 Nick Cannon Owns And Produces His Radio Show And Podcast

Annual Earnings - $25 Million

Nick Cannon initiated his radio career with a morning display on 92.3 NOW in New York from 2010 to 2012. He later joined Power 106 in Los Angeles in 2019, hosting Nick Cannon Mornings and Cannon's Countdown until 2022.

Other Business Ventures by Nick Cannon:

Yamashiro Restaurant - Hollywood Hills
N'Credible-branded Gym - Hollywood Hills
Published several novels and kids's books

Currently, Cannon hosts The Daily Cannon, a are living radio show at the Amazon-owned app Amp. He also co-hosts the 2 Hate or Not 2 Hate Podcast with Jonathan Greenblatt, CEO of the Anti-Defamation League, aiming to foster working out between Black and Jewish cultures.

1 What Movies And TV Shows Has Nick Cannon Been In?

Salary - Not Specified

After Nick Cannon made a mark on quite a lot of television sequence, he debuted at the silver screen with Whatever It Takes in 2000.

Nick Cannon's Movies and TV Shows:

Men in Black II
Drumline
Love Don't Cost A Thing
Shall We Dance?
Roll Bounce
Bobby
Chi Raq
Real Husbands of Hollywood
Lip Sync Battle Shorties

While explicit figures relating to his profits from these movies stay undisclosed, Cannon shared with HipHopDX that he opted for the movie Roll Bounce over ATL as a result of it introduced extra profitable reimbursement.

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