The money Nick Cannon says he earns to maintain his lifestyle is impressive.
During an interview with Los Angeles Times, Cannon — a father of 11 children — opened up about it.
“When you think about my lifestyle, I have to generate at least $100 million a year,” Cannon told the outlet.
With that in mind, it’s clear his lifestyle has certainly changed since his “All That” days on Nickelodeon.
While Cannon is certainly a chameleon in the entertainment business, including finding success as a host for various shows over the years such as “The Masked Singer,” he shared that it was his brainchild Wild ‘N Out that he turned into a lucrative enterprise. Debuting on MTV in 2005, the improv game show with Hip-Hop flair is still going strong.
“I’ve turned ‘Wild ‘N Out’ into a billion-dollar business, and that’s only because of the entrepreneurial efforts that we put forward,” Cannon told AfroTech in a previous interview. “There were many times when people didn’t believe me from the beginning. I funded ‘Wild ‘N Out’ on my own because MTV didn’t understand it or know what it was. Therefore, I kept the ownership for years until the big boy came around, and I had to charge them double for the bag.”
He continued, “We built this, and now we’re doing restaurants. I am opening up a Wild ‘N Out Sports Bar; it would be our second one. Now we’re doing the true flagship one in my hometown of San Diego that opens this month. We also have brick-and-mortar ‘Wild ‘N Out,’ and the next one is going to be in Harlem.”
Cannon is always on to the next move, and the dollars flowing in are further proof.
His manager, Michael Goldman, describes him as the “most misunderstood person” he’s ever encountered. Nevertheless, he affirms Cannon’s success in Hollywood has been far greater than what has been attributed to him.
“Nick’s success and what he’s generated don’t match up to where the industry places him, and I think that’s what inspires and motivates him every day,” Goldman said, according to the Los Angeles Times.