Nick Cannon's net worth

The estimated net worth of Nick Cannon is $30 million.

Nick Cannon is an American TV host, rapper, and actor. He found success in film, TV, and radio.

Cannon is also a producer and entrepreneur. He's one of the wealthiest men in entertainment and has a huge reputation with fans and his peers.

Early life

Born in San Diego, California, on October 8, 1980, Nicholas Scott “Nick” Cannon was abandoned by his parents, mostly growing up under the care of his paternal grandfather.

Nick spent his youth in Lincoln Park's Bay Vista Housing Projects, and he had a brief stint in the Lincoln Park Bloods street gang when he was a teenager.

However, he left the gangbanger lifestyle after witnessing the murder of a close friend. Nick Cannon started acting at the young age of eight years. He started performing his standup comedy act at age 11 on his grandfather's local cable access television show.

Education

Nick Cannon attended Monte Vista High School, graduating in 1998. He didn't go to college, choosing to pursue a career as a comedian and entertainer instead of furthering his education.

Cannon attended Howard University from 2016–2020, earning a BS in Criminology with a minor in African Studies. Insider reported in 2023 that Cannon plans to pursue an MS in Child Psychology.

How did Nick Cannon build his net worth?

After high school, Nick Cannon decided to move to Hollywood to chase his dreams of being an internationally acclaimed standup. He landed several regular gigs at the leading comedy venues in California, including The Comedy Store, Laugh Factory, and The Improv.

Nick got his TV debut in the mid-’90s, landing a role on All That, a Nickelodeon sketch comedy show. He launched Nickelodeon’s TeenNick block and was a major part of its production, development, and creative process. He served as TeenNick’s chairman in 2009.

Canon has collaborated with Nickeledeon’s rival Cartoon Network, creating a sketch comedy show Incredible Crew. He also wrote and produced its theme song.

Nick founded his own production and recording company NCredible Entertainment in 2009. The company has been involved in most of his projects, from music to film to book publishing.

Cannon has authored some books, including King of the Dancehall, Roc and Roe’s Twelve Days of Christmas, Neon Aliens Ate My Homework and Other Poems, and Hard Work for Breakfast: How to Make It and Make It Look Easy.

Nick Cannon also had a brief career as a musician affiliated with the hip-hop group Da G4 Dope Bomb Squad. The act opened for other popular ‘90s rappers like 98-Degrees, LFO, Will Smith, and Montell Jordan.

Nick has continued to produce songs and mixtapes and has released two albums in 2003 and 2014. He has also released some diss tracks, some of which were written in response to rapper Eminem.

Cannon landed his first starring acting role as Devon Miles in the 2002 movie Drumline. In 2003, he starred in the comedy production Love Don't Cost a Thing. Some of his other roles include parts in the movies Roll Bounce, Men in Black II, Shall We Dance, Garfield, and Bobby.

He would go on to feature in the 2015 Spike Lee production Chi Raq. He also produced the successful TV show Wild ‘N Out, which ran for four seasons on MTV between 2005 to 2007. He still sells Wild ‘N Out merchandise on his official shop to this day.

Canon had a string of lucrative hosting gigs, which started with Nickelodeon shows and special events such as the Kids’ Choice Awards. He also became the host of Caught on Camera with Nick Cannon, America’s Got Talent, and The Masked Singer.

He has also done radio hosting for 92.3 NOW FM and the program Canon’s Countdown, which was syndicated by CBS Radio. He currently hosts Nick Cannon Mornings, an FM station Power 106 program.

In 2015, Nick Cannon became RadioShack’s chief creative officer. The company launched Cannon’s line of audio-electronic products called NCredible, which includes wireless headphones.

Cannon has made numerous brand endorsements in his career, such as Honda, Boost Mobile, and Express Smile Atlanta

Nick Cannon also has a YouTube channel, which currently has more than half a million subscribers.

How has Nick Cannon spent his money?

The actor and host bought houses for his parents, grandfather, and himself in 2002. He sold his California home for $603,500 in 2019.

Nick bought a mansion for nearly $7 million in 2009 after marrying Mariah Carrey. He bought another mansion in New Jersey and an apartment in Washington, DC, in 2015 and 2016. He bought a new house in 2022 for DJ Abby De La Rosa and their twins.

Nick currently has 11 biological children, the first two being with his ex-wife Mariah Carrey. Cannon had a son with model Alyssa Scott who died of brain cancer when he was five months old in mid-2021.

According to Nick Cannon, he spends more than $3 million a year to support his kids.

Cannon has a penchant for fancy cars. His luxury car collection includes a Rolls-Royce, Ferraris, Mercedes-Benz, Toyota Tundra, Lamborghini, and a Ford GT.

Nick Canon has had health challenges that may have cost him a fortune to treat, including kidney failure, pulmonary embolism, and lupus nephritis. He had to let go of some of his ventures for health reasons.

Cannon has supported a national food drive since 2011. He founded the non-profit Nick Cannon Foundation, which helps underserved communities. He also supports a long list of organizations, including Get Schooled Foundation, Reality Cares, STOMP Out Bullying, and Anne Douglas Center for Women, to name a few.

FAQ

How rich is Nick Cannon?

With a personal wealth of $30 million, Nick Cannon is a successful actor, comedian, and producer. He continues to make movies and tours as a standup comic.

Was Nick Cannon born rich?

No, Nick Cannon was not born rich. He was raised by his grandfather and was a gang member in his youth, which means he did not grow up in a good community.