Nick Cannon says he spends around $200,000 a year taking his 11 kids to Disneyland. Here's how he makes and spends his millions. (2024)

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Nick Cannon says he has to "generate" $100 million to support his lifestyle.

Cannon told the Los Angeles Times in May that he has to "generate" at least $100 million a year to support his lifestyle after facing criticism about child support.

Over the last three years, Cannon has had nine children with five different women, which has led to people questioning how he can afford to support them all.

Last year, after the birth of his ninth child, The Sun estimated that Cannon was expected to pay $3 million in child support every year.

He rebutted that figure when speaking to The Neighborhood Talk. He said that he doesn't pay child support but he spends more than $3 million on his children annually.

"I don't plan to ever have to participate in the governmental system of child," He said.

Here is how Cannon is able to make his millions to spend on his family and lifestyle.

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Nick Cannon is reportedly paid more than $20 million for hosting "The Masked Singer."

Nick Cannon told The Los Angeles Times in May that he's paid more than $20 million for hosting the Fox singing competition series, "The Masked Singer."

It is unclear whether this is his annual salary or salary per season (he hosts two seasons per year), however, Cannon has hosted all nine seasons of the Emmy award-winning show, making it a steady gig for the star.

In 2020, Forbes reported that Cannon had signed on to produce "The Masked Singer" that year through his production company, Ncredible Productions, meaning that he would also participate in a share of the show's profits, as well as his hosting fee.

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Cannon created, hosts, and produces another TV show, "Wild 'n Out."

"Wild 'n Out," a freestyle comedy show created in 2005, is one of the main shows Cannon is known for. It also generates a lot of money for him.

The format doesn't appear to be wholly owned by Cannon, because he demanded "full ownership" from ViacomCBS — now known as Paramount Global — in 2020. However, he is an executive producer on the show as well as the main host.

Cannon's production company also produces the show, which has been going on for 19 seasons, and in 2020, Forbes reported that the company generated over $1oo million in revenue from projects produced in 2019.

Last year, "Wild 'n Out" also went on an arena tour across the US, and to themed sports bars in San Diego and Miami that Cannon owns, according to the LA Times.

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Over the years, Cannon has hosted numerous series, including "America's Got Talent."

Cannon has hosted several other game shows and competition shows over the years.

Until 2017, Cannon hosted several Nickelodeon Kids' Choice Awards, and he also hosted seven seasons of "American's Got Talent."

Cannon has had his TV comedy specials such as "Nick Cannon: F#Ck Nick Cannon" and "Nick Cannon: Stand Up, Don't Shoot," both of which he produced.

More recently, Cannon starred in and produced E!'s "Celebrity Prank Wars," which aired in 2023, and also had his talk show, "The Nick Cannon Show," which was canceled last year after one season.

Cannon is also temporarily hosting another show, "Beat Shazam," stepping in for Jamie Foxx after the actor was hospitalized in April.

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Cannon has several other projects set to come out.

Cannon has filmed multiple projects that are reported to come out this year.

First is an Amazon Freevee show called "Counsel Culture," which the LA Times described as an all-male version of "The View."

Cannon has also a filmed version of his Future Superstar Tour, which showcases up-and-coming music talent. The docuseries, "Nick Cannon Presents: Future Superstars," premiered on VH1 in November.

Finally, IndieWire reported in April that Cannon will join Alec Baldwin, Mickey Rourke, and Tara Reid in a movie called "Hollywood Heist." Cannon will be playing the agent of a fictionalized version of Baldwin, and the "Wild 'n Out" host is also a producer of the movie.

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Nick Cannon has starred in several movies over the years.

After starring in multiple series in the 1990s, Cannon moved onto the big screen with "Whatever It Takes" in 2000.

Throughout his career, Cannon has had starring roles and appearances in numerous movies such as "Drumline," "Love Don't Cost A Thing," and "Bobby," all of which have contributed to his earnings.

While Cannon hasn't revealed how much he was paid for any of these movies, earlier this year, he told HipHopDX that he turned down a movie called "ATL" for the movie "Roll Bounce" because it paid more.

Rapper T.I. ended up taking the role in "ATL," and noted in an interview on the "Jemele Hill is Unbothered" podcast in 2019 that he was paid $85,000 for the movie.

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Nick Cannon also has his own radio show and podcast.

Cannon has also expanded into audio in recent years.

Cannon first hosted a morning show for the 92.3 NOW radio station in New York from 2010 to 2012.

In 2019, Cannon joined Power 106 in Los Angeles as host of "Nick Cannon Mornings" and other shows until his deal ended in 2022.

Now, the "Wild 'n Out" host hosts his own three-hour daily live radio show called "The Daily Cannon" on the Amazon-owned app Amp.

Cannon also hosts a podcast called "2 Hate or Not 2 Hate" with Jonathan Greenblatt, the chief executive of the Anti-Defamation League, to bridge the gap between Black and Jewish cultures.

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Cannon also owns his own record company through Ncredible.

While Cannon is more recognizable for his TV show appearances, the 42-year-old entertainer is also a music artist who has released multiple singles and albums in his career.

Cannon started his career in music as part of the rap group, Da G4 Dope Bomb Squad, before going solo and releasing his own music.

The rapper's highest-charting song is the 2003 single "Gigolo" featuring R. Kelly, which reached No. 24 on the Billboard Hot 100.

Another song from the same year, "Feeling Freaky," also was on the chart for three weeks.

In 2009, the "Wild 'n Out" host launched his record label Ncredible, which now has a film production side that he uses to create series and movies.

Cannon has expanded into other ventures, such as owning a restaurant in the Hollywood Hills called Yamashiro, his Ncredible-branded gym in the same location, and publishing several novels and children's books.

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Cannon has 11 children with six different mothers to support.

Cannon's main expenditure is on his children.

Cannon told The Neighborhood Talk that he spends more than $3 million on all of his children combined.

Cannon has fathered twins with Mariah Carey, three children with his "Daily Cannon" cohost Abby De La Rosa, another three children with Brittany Bell, two kids with Alyssa Scott, and a child each with Bre Tiesi and Lanisha Cole.

Cannon's first child with Scott, Zen, died from brain cancer in December 2021.

According to the Los Angeles Times, Cannon is also studying for a master's degree in child psychology and a Ph.D. in divinity.

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Nick Cannon has bought multiple multimillion-dollar houses over 20 years.

Last year, Today reported that Cannon had bought a house for De La Rosa, the mother of his twins Zion and Zillion Heir, and Beautiful Zeppelin.

In an Instagram post, De La Rosa said she was "grateful" to Cannon for the house.

It is unclear where Cannon currently resides, but his last reported home purchase was in New Jersey.

Cannon originally had a place near San Diego, however, after he got married to Carey, they appeared to move into her mansion in Bel Air. Cannon eventually sold the house near San Diego in 2019 for $603,500 according to the LA Times.

Forbes also reported that Cannon and Carey sold their Bel Air home in 2015, after their separation, for $9 million.

Around the same time, TMZ said that Cannon had rented a mansion in New Jersey that cost $11,000 a month. The report said he had the option to buy the $3 million property in the future.

The Sun reported in 2021 that Cannon had eventually bought the mansion.

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Nick Cannon says he spends around $200,000 on Disneyland trips a year for his 11 children.

During an appearance on "The Breakfast Club" radio show, Cannon said that trips to Disneyland are a common occurrence.

"The crazy thing is I used to host Christmas morning at Disneyland and so I used to get that Disney bag. There were perks so all of that stuff was free. It's no longer free and I only had two kids then," Cannon said, referring to his two eldest children Moroccan and Monroe.

He added: "Every birthday and Christmas — I'm literally at Disneyland at least once a month, and to move around Disney, like, I'm probably spending $200,000 a year at Disneyland."

Cannon explained that the expenses add up due to the cost of the hotel and chaperones.

This article was originally published on May 17, 2023, and was most recently updated on December 4, 2023.