Comedic actor-turned-businessman Nick Cannon is one of Hollywood’s bankable stars, raking in $100 million a year from TV hosting gigs, business ventures, radio shows and other entertainment properties through his NCredible Productions company.
At 42, the father of 12 spends a great deal of his wealth providing for his 11 living children — which is a motivation for him to maintain his neck-breaking grind.
In November 2022, The Neighborhood Talk published an exclusive quote from an interview where Cannon debunked a rumor that he paid $3 million in child support for each of his living children, seven of whom are the age of one or younger.
“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,” he said, insinuating he spends more than $33 million a year to care for his little ones.
In a follow-up interview with the Los Angeles Times, the “Wild ‘N Out” creator scoffed at the number, saying, “That’s not a lot of money. When you think about my lifestyle, I have to generate at least $100 million a year.”
The Cannon Grind Is Unmatched
As the host of and a producer for “The Masked Singer,” he earns more than $20 million annually. A part of this deal calls for him to host two seasons each year.
Cannon also is the creator and host of the MTV’s “Wild ‘N Out” variety show. This show that started in 2005 (with a slight hiatus in 2020) is the longest-running show on MTV and the longest-running hip-hop show in history, according to tvinsider.com. It is now going into its 19th season.
As a franchise, “Wild ‘N Out” extends past the channel, taking the act on tour with Live Nation and translating it into several themed sports bars in Miami and San Diego. Cannon owns these properties also.
Dominates As A Host
Cannon is part of additional shows. This year, E! premiered a hit show with Cannon and Kevin Hart called “Celebrity Prank Wars.” Cannon has a live tour docu-reality series with BET called the “Future Superstar Tour” set to premiere in the fall. He is the new host for the upcoming season of “Beat Shazam,” replacing Jamie Foxx who suddenly took ill while filming a movie. He also is a co-host on the “Counsel Culture” panel, an all-male talk show on the Amazon Freevee video on-demand streaming service.
The 42-year-old comedian also has returned to his roots as an actor, playing opposite Alec Baldwin in a film called “Hollywood Heist.”
For a number of years, Cannon has enjoyed a terrestrial radio channel with Skyview Networks called “Nick Cannon Radio.” According to Radio Insight, while Cannon saw success there with two shows for three years, at the end of 2022, he severed his ties.
“As of December 30, 2022, Nick Cannon is no longer partnered with Skyview Networks for the syndication of Nick Cannon Radio and Cannon’s Countdown. Both of these shows were financially and creatively successful,” a statement regarding the news read. “We look forward to continuing our ongoing relationship with Nick on our influencer platform and wish him the best in his future radio endeavors.”
Like everything with Cannon, this move was strategic and fit into his $100 million plan. Now every weekday morning, fans can hear him on a new three-hour live radio show called “The Daily Cannon” on Amazon’s AMP app.
Business, Health, Mind, Business = Wealth
Cannon has a podcast he has with the chief executive of the Anti-Defamation League, Jonathan Greenblatt called “#2HateorNot2Hate,” and an entertainment company where he puts out his own music — as well as six other musicians.
He co-owns the trendy Yamashiro restaurant and an Ncredible-branded gym, located on the same property as the eatery.
But not all that Cannon does is for financial gain. The father, who was 35 years old when he enrolled at Howard University, is working on his master’s degree in child psychology and a Ph.D. in Divinity.
Leaving a Legacy
Earlier in the year, Cannon got in trouble with fans when he forgot the name of one of his children. However, some understood the slight slip, considering all that he does on a daily basis.
Cannon’s oldest children are 11-year-old twins Moroccan and Monroe with songstress Mariah Carey.
With former Phoenix Suns dancer Brittany Bell, he has three children: Golden, 6, Powerful, 2, and Rise, 7 months. Cannon has two children, Rise and Onyx, who are nine days apart. Onyx’s mother is LaNisha Cole, a photographer.
His second set of twins is with DJ Abby De La Rosa. Their names are 1-year-olds, Zion and Zillion. De La Rosa also has a baby daughter with Cannon, Beautiful, who is five months old.
Cannon has a 9-month-old named Legendary with “Selling Sunset” cast member Bre Tiesi, and with model Alyssa Scott, he has two children: the late Zen and Halo, who is four months old.
With all of those children and all of those jobs, Cannon is forced to work unconventionally. In addition to having a nursery in his office building, he also brings some of his children to business meetings, attempting to maximize his time with the children when he can, according to his manager, Michael Goldman.
It is important to note, while Cannon declares he makes $100 million a year, his estimated net worth on several outlets is between $20 million and $50 million. Either way, he has created a formidable empire, academic legacy and work ethic that is sure to inspire his children for generations.