Nick Cannon is an artist who works in various aspects of the entertainment industry. He is an actor, a comedian, a rapper, a director, a producer, a screenwriter, a radio and television personality, and an entrepreneur. He is now estimated to have a personal net worth of $50 million. He achieved this professional and financial success despite having a troubled start in life. So, how did Nick Cannon get so rich?
He was born in San Diego, California, on October 8, 1980, and was raised by his paternal grandfather in the Bay Vista Housing Project in Lincoln Bay. During his teenage years, he was part of a street gang called ‘Lincoln Park Bloods’ but left following the death of a close friend.
Cannon first entered the entertainment industry as a stand-up comedian doing comedic performances at a local cable access program. He also formed a rap group called ‘Da G4 Dope Bomb Squad’ with Steve Groves. His rap group often performed as the opening act for famous artists, such as Will Smith and Montell Jordan. During his teens, he also played a variety of roles in the series ‘All That’ between 1998 and 200.
In 2001, he signed as a solo artist with Jive Records and released his self-titled debut album in 2003. This featured the single ‘Your Pops Don’t Like Me ‘I Really Don’t Like This Dude)’. Following his initial success in the music industry, Cannon decided to establish his own record label in 2005, which he called ‘Can-I-Ball Records’. He wanted to self-produce his second album and released the single ‘Can I Live’ in 2005 followed by ‘Dime Piece’ in 2006. These were intended to be part of the album ‘Stages’ but that was never released because he became more focused on his career as an actor.
He had made his film debut in the 2000 film ‘Whatever It Takes’, in which he played the small role of a Chess Club Kid. Over the following years, he had taken on many more small roles in films. In 2005, he had written the script for the film ‘Underclassman’, for which he was also an executive producer and played the role of Tracy ‘Tre’ Stokes. Since then he has had roles in a further 18 movies and has also taken on a variety of other roles for these films, such as a producer or director. His work in the film industry has contributed a significant sum of money to his personal wealth.
Although his acting career was doing well, Nick Cannon wanted to continue with his career in the music industry and juggled the two. He abandoned his original record label and formed ‘N’Credible Entertainment’ in 2009. This company is responsible for many famous artists and also the production of several television series. He also released two mixtapes; the first in 2011 and the second in 2016. Cannon released a second studio album between the two mixed tapes in 2013. This was titled ‘White People Party Music’ and features collaborations with several other artists.
Although his work in the music and film industries have been the predominant sources of Nick Cannon’s income, he has also earned money through his television and radio hosting work and through a range of other business ventures. In terms of his television hosting career, he has hosted ‘Wild ‘N Out’, ‘Nathan’s Hot Dog Eating Contest’, and ‘Caught on Camera with Nick Cannon’. One of his most notable projects in recent years was working as the host of ‘America’s Got Talent’. He served in this role from 2009 until 2016.
His business ventures are related to the television and radio industries. He is the chairman of TeenNick for Nickelodeon and also has the role of the development and creativity consultant for this network. He was named as the Chief Creative Officer for RadioShack in 2015. Unfortunately, this company is now defunct. Each of these ventures has contributed to Nick Cannon accumulating a personal wealth of $50 million.
In his personal life, Nick Cannon married singer Mariah Carey in 2008. The couple has fraternal twins together who were born on April 30, 2011, which also happened to be their third wedding anniversary. They named their daughter Monroe and their son Moroccan Scott. The couple separated in 2014 after six years of marriage and their divorce was finalized in 2016.