Nick Cannon, the multifaceted TV host, actor, producer, and entrepreneur, is a household name due to his diverse career and personal life. As of 2025, his net worth stands at an estimated $20 million.
From his work as a television host to his acting career and entrepreneurial endeavors, Cannon has built a substantial fortune.
Early Career: From Nickelodeon Star to Mainstream Success
Nick Cannon’s rise to fame began in 1999 when he joined the cast of All That, a popular sketch comedy show on Nickelodeon. This role was just the beginning of his career in the entertainment industry.
His charismatic personality and comedic timing led him to become one of the show’s breakout stars. After All That, Cannon went on to create and host Wild ‘N Out, a comedy improv show that debuted on MTV in 2005.
Wild ‘N Out has been a huge success, running for more than 18 seasons, which has significantly contributed to Cannon’s net worth.
Cannon’s acting career also took off in the early 2000s with roles in films such as Drumline, Love Don’t Cost a Thing, and Roll Bounce. These films helped solidify his status in Hollywood, and his transition from TV star to movie actor opened more doors for him.
Television Hosting: The Masked Singer and America’s Got Talent
As a television host, Nick Cannon has become a mainstay on some of the biggest entertainment shows. He is perhaps most widely recognized as the host of The Masked Singer, a popular reality competition show that first premiered in 2019.
According to a source, Cannon makes a reported $5 million per season for hosting The Masked Singer. His energetic hosting style and engaging personality have made him a fan favorite, further bolstering his financial success.
In addition to The Masked Singer, Cannon also hosted America’s Got Talent for eight seasons from 2009 to 2016.
During his time on the show, he was paid an estimated $70,000 per episode, which would have earned him around $2 million per season, depending on the number of episodes.
Although he left the show in 2016 after a public dispute with NBC, the time he spent hosting America’s Got Talent added significantly to his wealth.
Other Notable Hosting Roles and Entrepreneurial Ventures
Nick Cannon’s hosting career didn’t stop with The Masked Singer and America’s Got Talent. He also had his own syndicated talk show, Nick Cannon, which aired from 2021 to 2022.
While the show’s run was relatively short, it still contributed to his net worth. Additionally, Cannon has hosted shows like Lip Sync Battle, The Nick Cannon Show, and Shorties, which expanded his reach and further solidified his position as one of the most prominent TV hosts.
In terms of entrepreneurship, Cannon has diversified his income streams. His success with Wild ‘N Out has also translated into business opportunities, as the show’s popularity has opened doors for merchandise, live events, and digital content.
Cannon is involved in various business ventures, including partnerships with brands and his own production companies.
Music Career: A Less Publicized But Profitable Venture
While many know Nick Cannon for his TV and acting roles, his music career also contributes to his net worth. In 2003, Cannon released his debut album, Nick Cannon, which featured a mix of rap, R&B, and comedic tracks.
Though the album wasn’t a commercial hit, it established him as a presence in the music industry.
He followed it up with a second album, White People Party Music, in 2014, which received more attention for its unique, satirical approach.
Though his music career may not have generated as much revenue as his television endeavors, it still represents an important part of his financial portfolio.
Cannon has also ventured into producing music and videos, further diversifying his income.
Personal Life and Family: A Financially Demanding Situation
Nick Cannon’s personal life has made headlines for his large and expanding family. As of 2024, Cannon is the father of 12 children, with six different women: Mariah Carey, Brittany Bell, Abby De La Rosa, Alyssa Scott, Bre Tiesi, and LaNisha Cole.
His fatherhood journey has garnered significant media attention, particularly due to his openness about the experience.
In a 2022 interview, Cannon revealed that he spends more than $3 million annually on child support for his 11 children.
He emphasized that his financial commitments to his children are something he embraces, saying that he spends much more than the reported $3 million to ensure his kids have everything they need.
Cannon has built his wealth around his work ethic and ability to balance his various roles, including his responsibilities as a father.
Child Support Payments: A Significant Annual Expense
With his expanding family, Cannon’s financial obligations have also grown. In a candid interview with The Neighborhood Talk in 2022, he shared that he pays more than $3 million in child support every year.
This figure reflects his financial responsibilities for his 11 children, with some reports suggesting he spends even more to support their lifestyles.
In addition to child support, Cannon covers additional costs for his children’s education, extracurricular activities, and other needs.
While many may think of his growing family as a financial burden, Cannon has always maintained that his children are his top priority.
He’s gone on record saying that he never plans to rely on the government system for child support, instead preferring to take care of his children personally and ensure they are provided for without any external assistance.
Insuring His Manhood: A Unique Investment in His Legacy
In one of his more unconventional financial moves, Nick Cannon famously insured his manhood for a reported $10 million. He later joked that it should have been $12 million—one for each of his children.
While this may seem like a quirky decision, it underscores Cannon’s humor and self-awareness about his unique situation.
Whether for comedic effect or as part of a broader legacy strategy, this unusual insurance policy adds to the conversation about his financial choices and investments.
