Nick Cannon Net Worth: Here's How Rich The Dad Of 7 Is KEY POINTS Cannon is currently hosting Fox show "The Masked Singer" He recently became a dad of seven after welcoming a baby boy with model Alyssa Scott Nick Cannon has been in show business for two decades and continues to land gigs to this day. But how rich is the dad of seven? Currently, Cannon has an estimated net worth of $30 million, according to Celebrity Net Worth. The outlet estimated that he is earning $5 million annually. The 40-year-old's latest role is the host and co-executive producer of Fox show “The Masked Singer,” a singing competition where celebrity contestants wear costumes to hide their identities and the weekly eliminated performer is unmasked. It is unclear how much he is being paid as host, a role he has held since 2019, but Cannon signed a massive overall deal with Fox last year, according to The Hollywood Reporter.