Nov 20, 2020
 in 
Business

Nick Cannon’s Net Worth in 2020

 BY 
Kristin Kerr
A

t just 40 years-old, Nick Cannon’s Net Worth is sitting at about $30 million. As an American actor and television host, it’s safe to say that Nick Cannon has truly found his way to success throughout his career. Aside from television and acting, Nick Cannon has also dipped his toes into comedy and rapping. Today, he is most well-known for his appearance on the television show All That, and his hosting on The Nick Cannon Show, Wild'N Out, America’s Got Talent, Lip Sync Battle Shorties, and The Masked Singer. He really is quite the entrepreneur.

Growing up

Nick was born in San Diego on October 8, 1980, and spent the majority of his childhood being raised by his grandfather. As a teenager, Nick became associated with the Lincoln Park Bloods street gang as he was growing up in Lincoln Park’s Bay Vista Housing Projects at the time. After losing a close friend in the gang due to violence, Nick left the gang and jumped into the performing world of comedy and television. At just eight years old, Nick had a performance under his belt, and by age 11, he was alongside his father, performing comedy on a local cable access television show. 

Nick attended and graduated from Monte Vista High School in 1998 and eventually made his way to Hollywood. This is where Nick Cannon’s Net Worth truly started to grow. In Hollywood, he found himself landing regular stand up comedy performances, which eventually led him to his biggest television debut for his role on the Nickelodeon sketch comedy show All That. 

Aside from the comedy scene, Nick also associated himself with a rap group in his teen years. His group went by the name “Da G4 Dope Bomb Squad” and often opened for popular musicians such as 98 Degrees and Will Smith.

Television and Movie Appearances

Nick Cannon’s Net Worth began to see a spike when he played the main character Devon Miles in the 2002 movie Drumline. Prior to this, Nick’s first real big-show appearance was also in 2002, when he appeared in Men in Black II. In 2003, Nick appeared in the comedy Love Don’t Cost a Thing

Nick Cannon’s Net Worth saw an even bigger spike following his role in the 2006 movie Bobby. This performance not only increased his net worth, but it got attention from the people behind the Screen Actors Guild Award in 2007, eventually being awarded Breakthrough Actor of the Year at the Cannes Film Festival. 

Also playing a role in Nick Cannon’s Net Worth reaching that $30 million marks are for his recognized show he ran from 2005-2007 called Wild’N Out. The successful television comedy sketch show aired on MTV for two years and consisted of four seasons. In 2012, the show made a comeback with Nick as the host.

One of the more well-known performances Nick Cannon is known for is his appearance in the 2015 Spike Lee flick Chi Raq

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Nick’s Musical Days

Another big moment in Nick’s career was around 2003-2005 when he began his own record label called Can I Ball Records. His very first, self-titled debut studio album was released in 2003 and saw such great success that it reached #15 on the US R&B chart.

Following this success, Nick released a new record label shortly after in 2009 called N’Credible Entertainment. The idea behind this record was a combination of music, but also comedic appeal, which may or may not has contributed to Nick Cannon’s Net Worth. Much of the singles in this record were diss tracks and comedic references. In 2010, Nick created a parody character of Slick Rick and started calling himself Slick Nick. In 2011, he released a mixtape called Child of the Corn, which was followed by a new single called Me Sexy in 2013. Another single was released shortly after, this time in collaboration with Afrojack, called Looking for a Dream.

Nick proceeded to record an Eminem diss track, "The Invitation" in December 2019. After Eminem tweeted in response, Cannon recorded a second diss track that day.

Television Hosting

Another major contributor to Nick Cannon’s Net Worth over the years was in 2009 when he became the host and recognized face of America’s Got Talent. As the host from 2006 until 2016, Nick earned $70,000 an episode. Due to creative differences between himself and the NBC executives, Nick resigned and announced he wouldn’t be returning to the role come 2017. Little did Nick know that NBC had already considered letting Nick go from the host position after he made not so nice comments in his stand up comedy titled Stand Up, Don’t Shoot. Nick was replaced by Tyra Banks as the talent show's new host.

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Terminated Relationships

Most recently, it was announced that on the June 30, 2020, episode of NIck’s Cannon Class podcast, he supposedly made somewhat anti semitic comments. He later then proceeded to publicly discuss conspiracy theories related to the Rothschild family that was also supposedly anti semitic. Because of these comments, CBS ended its relationship with Nick - this is the same organization that had aired his show Wild’N Out. Following the series of events, Nic told his fans via tweet that he would be taking time away from his radio show. This was last July. Since then, Nick publicly apologized to fans on Twitter, but has kept his position as a host on The Masked Singer. 

"First and foremost I extend my deepest and most sincere apologies to my Jewish sisters and brothers for the hurtful and divisive words that came out of my mouth during my interview with Richard Griffin," Cannon wrote. "They reinforced the worst stereotypes of a proud and magnificent people and I feel ashamed of the uninformed and naïve place that these words came from. The video of this interview has since been removed. While the Jewish experience encompasses more than 5,000 years and there is so much I have yet to learn, I have had at least a minor history lesson over the past few days and to say that it is eye-opening would be a vast understatement. I want to express my gratitude to the Rabbis, community leaders, and institutions who reached out to me to help enlighten me, instead of chastising me. I want to assure my Jewish friends, new and old, that this is only the beginning of my education — I am committed to deeper connections, more profound learning and strengthening the bond between our two cultures today and every day going forward."

Marriage Life

Aside from Nick Cannon’s Net Worth, the popular star was formerly married to big-name singer Mariah Carey from 2008 to 2016. Their wedding took place at Mariah’s private home in the Bahamas. They also have two children together; twins in fact! Come 2014, the couple confirmed their separation, and the divorce was finalized in 2016. This is where things get a little Messy. Following the divorce, legal filings proved that Mariah entered their marriage with a net worth of $150 million when Nick Cannon’s Net Worth was under $500,000. In addition to this, legal findings also showed that Mariah earned over $6 million in 2014, while Nick’s income was about a third of that amount. As a part of the divorce settlement, Nick got to keep a 2012 Ferrari but was forced to pay $5,000 a month for a trust fund for their two children. Nick and Mariah ended up selling their house in LA for about $9 million, which they originally purchased for $7 million. 

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Adding to Nick’s dating and personal life, he also has a son with Brittany Bell named Golden Cannon, who was born in 2017.

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Recent Education

Most recently, Nick obtained his four-year Bachelor’s degree in Criminology and Administration of Justice in 2020. 

Activism

Nick has shown a passion for several not for profit organizations. In 2011, Nick released a public service announcement for the organization Do Something, which encouraged teenagers to find a cause they are passionate about and take action in their communities. Adding to this, Nick has also been the celebrity spokesperson for the National Association of Letter Carriers' annual food drive since 2011. This food drive is held annually in the US each May. 

Fun Facts About Nick Cannon’s Net Worth

We’ve pretty much covered it all, but it’s safe to say Nick Cannon’s Net Worth didn’t come from one place. The celebrity has dipped his toes into every area of the business world. From television hosting, radio programming, stand-up comedy, directing, and producing, he’s taken almost every facet of show business. 


- When Nick’s big break for All That happened, he became the youngest staff writer in television history for his work on the comedy series, at age 17. 

- Nick’s show Wild’N Out was one of MTV’s most successful series.

- Throughout his career, Nick has collaborated with several big-name stars such as Kanye West, P. Diddy, Mary J. Blige, and R. Kelly.

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