How Nick Cannon Achieved a Net Worth of $50 Million and What He Does With It

Nick Cannon is unarguably one of the most talented showbiz professionals that have ever graced the American space. He first hit the airwaves through his appearance on the 2004 Nickelodeon sketch comedy series All That in 2004. At the time, he was thirteen and since then, he has never had one dull moment in his career life. Through his various stints both as an actor, a comedian, a singer-rapper, a TV presenter, producer, director, TV/radio personality, Nick Cannon has been able to achieve a huge net worth which currently enjoys.

In this post, we focus on Nick Cannon’s net worth and other interesting facts including how he made his wealth and how he spends it. Read more below.

How Did Nick Cannon Achieve A Net Worth Of $50 Million?

Not only that Nick achieved so much in so short a time, but he also did it while he was still under 40 years of age. So, how did he pull it off?

The influences that led to Nick Cannon’s current net worth began from his childhood. He was born as Nicholas Scott Cannon in San Diego, California in the early hours of October 8, 1980. His father James Cannon worked as a televangelist in Charlotte, New Carolina while his mother Beth was an accountant based in San Diego, California. It is significant to note that Nick’s first-ever attempt at showbiz was at the age of eleven and it was on the set of his father’s local cable-access program which he used for his sermons.

His father had noticed Nick’s tendency to be funny and so asked him to write up some funny act for presentation on his program. That became a turning point in the life of the young comic star, as he not only impressed his dad with his extraordinary performance on the show, but he also became fully convinced that he wanted to forge a career in the entertainment industry.

His first professional outing came barely 2 years after when he featured on Nickelodeon’s sketch comedy All That which kicked off on April 16, 1994. At the time, he was still a student at Monte Vista High School in Spring Valley, San Diego where he eventually got well known as the President of African Students’ Coalition and was an active participant in track and field events.

Nick appeared in 33 episodes of All That. He certainly did very well in the various roles he filled on the show which was why, long before it came to an end on October 22, 2005, he was re-contracted to star in the eponymous spin-off of the show, The Nick Cannon Show which ran concurrently on Nickelodeon’s SNICK block from 2002 to 2003. It is also noteworthy that he wrote the script for the show and was also its executive producer. Since then, he has gone ahead to fill no less than 25 roles in both film and TV.

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Not only that he has hosted some of the biggest TV shows in America such as NBC’s talent show competition America’s Got Talent and FOX’s The Masked Singer, but he has either created, directed or produced a number of them. Notably, he has served as both the creator and presenter of MTV’s Wild N’ Out.

As a singer, he has also released two studio albums which are Nick Cannon (2003) and White People Party Music (2014). His popularity has also enabled the star to earn huge passive paychecks from several lucrative endorsement deals such as with Boost Mobile, Honda Civic, and Ncredible headphones. He also earns significantly as an influencer on both Twitter and Instagram where he respectively has 4.8 million and 4.1 million followers. All these sources have contributed to Nick Cannon’s massive net worth of $50 million.

SEE ALSO: What Is Barack Obama’s Net Worth? How Does He Make His Money?

What Does Nick Cannon Do With His Money?

Rolls Royce car
Nick Cannon and his ex-wife Maria Carey in his Rolls Royce Phantom Drophead Coupe: Image source.

Since Nick Cannon’s net worth began to rise so high, everyone expected him to be spending his money on the good things of life as it’s common with multi-millionaires like him. And he has not disappointed the expectation. He spends his money on homes, cars, and holidays among other things. His classy car collection includes Maseratti Quattroporte, a Range Rover, a Rolls Royce Phantom Drophead Coupe (valued at over $450,000), a Ferrari F430 (valued at about $190,000), a Mercedes-Benz G-Wagon (which he reportedly bought at $110,000), and a Ferrari California.

Nick also spends his money on expensive holidays. One of these holidays was well-reported at the time. It was in 2009 when he and his ex-wife Mariah Carey were seen at a choice location on the Caribbean island of Barbados. They were seen swimming, wining and dining at the best restaurants and enjoying all that could be called having a nice time.

A considerable part of Nick Cannon’s net worth has also been spent on his homes over the years, although he doesn’t seem to be particularly as classy in his purchase of homes as he has been with cars. He lived in a 2,173 square-foot two-story house which he bought for $423,000 in 2002 until a few months ago when he sold it at $605,500.

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Chinedu Nweke
A graduate of Pontifical Urbaniana University, Rome, Italy, Chinedu Desmond Nweke is a computer teacher, writer and a humanist.

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