Net Worth: $50 Million
What Is Nick Cannon’s Net Worth?
Marty Jean-Louis / Depositphotos.comNick Cannon’s net worth is estimated to be around $50 million. Cannon is a multi-talented celebrity who has found success as an actor, television host, radio personality, producer, and entrepreneur.
While Cannon is largely known for his hosting duties on such hit programs as “Wild ‘N Out,” “The Masked Singers,” and a stint on “America’s Got Talent,” he is also a TV producer with numerous credits to his name.
Let’s dive into Nick Cannon’s net worth by examining some of his public salaries and some of the jobs he’s held that have helped him grow an impressive fortune.
How Much Did Nick Cannon Make For America’s Got Talent?
Jean_Nelson / Depositphotos.comIn 2009 Nick Cannon replaced Regis Philbin as the host of “America’s Got Talent.” The job led to Cannon hosting the show for seasons 4 through 11.
According to Celebrity Net Worth, Cannon was paid $70,000 per episode for the hosting gig.
In total, Cannon appeared in 241 episodes. If his salary held up that entire time he would have earned $16,870,000 for his job as host of the show.
Cannon didn’t return for future seasons after making disparaging comments about NBC during his Showtime comedy special, “Stand Up, Don’t Shoot.” NBC officials attempted to keep Cannon on the payroll and reportedly could have forced him to resume his duties under breach of contract.
How Much Does Nick Cannon Make For Wild ‘N Out?
Jean_Nelson / Depositphotos.comNick Cannon has made a viral name for himself on the hot show Wild ‘N Out. Not only is the show a huge hit on network TV, it has also spawned hundreds of viral videos.
According to Media Converge, just like America’s Got Talent, Cannon earns $70,000 per episode to host the TV series.
Wild ‘N Out contained 10 to 15 episodes per season which means Cannon brings home around $700,000 to $1.035 million per season.
Nick Cannon’s Wild ‘N Out salary doesn’t stop there. On top of his per-episode pay for hosting duties, he’s also the rights holder for the show, owning its intellectual property and naming rights. Cannon also serves as an executive producer and helps with casting.
Media Converge estimates that Cannon earns around $4 million per season.
To date, there have been 20 seasons and 313 episodes of Wild ‘N Out.
How Much Does Nick Cannon Earn From The Masked Singer
everett225 / Depositphotos.comNick Cannon has carved out a niche in TV hosting that’s hard to beat. Along with his time on America’s Got Talent and his continued multi-role duties on Wild ‘N Out, he also serves as host of the wildly popular singing competition “The Masked Singers.
Cannon has held hosting duties for the show since it premiered on Fox on January 2, 2019. There have already been 10 seasons of the hit TV series and 136 episodes at the time of publication.
In an interview with the Los Angeles Times, Cannon revealed that he makes more than $20 million hosting “The Masked Singer.”
It’s important to note that in 2020 Forbes reported that Nick Cannon had signed on to produce the hit series through his own production company Ncredible Productions. As the show’s host, he earns $20 million, which may include both seasons that are filmed each year, but now he is also entitled to part of the show’s profits as its producer.
Cannon Has Also Starred In Movies And Taken Other Acting Roles
PopularImages / Depositphotos.comIn 2000 Nick Cannon moved from the small screen to the big screen with his role in “Whatever It Takes.”
From there, he would take on some starring roles and other appearances in a string of movies including “Drumline,” “Love Don’t Cost A Thing,” “and Bobby.”
While we don’t have public numbers on Nick Cannon’s movie pay, he did turn down a role in “ATL” because “Roll Bounce” paid more. The “ATL” role was filled by the rapper T.I. who told Jemele Hill that he earned $85,000 for the “ATL” role that Cannon turned down.
Based on both of those admissions, it’s safe to assume that Cannon was being paid at least six figures for his movie roles.
While only a small part of his fortune, Nick Cannon’s net worth certainly grew at least decently from his movie roles.
Nick Cannon Makes $100 Million Per Year
Jean_Nelson / Depositphotos.comWhile Nick Cannon’s net worth is estimated to be $50 million, that total is a result of counting all of his expenses, including management fees and taxes.
However, Cannon told the Los Angeles Times that he makes around $100 million per year in gross revenue.
Cannon admits that his lavish lifestyle requires him to make big money because he lives large. To give an example, Cannon revealed that he spends $200,000 a year visiting Disney World with his 11 children and their mothers.
If Cannon is in the upper tax bracket and if he pays a large management team and other employees, and spends big, it would make sense that Nick Cannon’s net worth is far below his average annual earnings.
We’ve covered Ryan Seacrest’s net worth and noted that Seacrest, like Nick Cannon, is a jack of many trades. Cannon believes he works even harder than Seacrest. In a 2023 interview the the L.A. Times he said, “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.”
How much does Nick Cannon pay in child support?
s_bukley / Depositphotos.comWhile we don’t know the exact total Cannon pays in child support for his kids, he said in a 2022 interview that he pays “way more” than $3 million to support his growing gaggle of children.
“I definitely spend a lot more than that on my children annually. I don’t plan to ever have to participate in the governmental system of child,” Cannon revealed.
With $200,00 Disney World expenses annually and millions in child support, Cannon’s net worth certainly takes some big hits every year.
From producing various TV projects to hosting gigs, acting, and even a rap career that has included several album releases, Nick Cannon’s net worth continues to grow, just like his ever-expanding family.
