Nick Cannon Reveals How Much He Spends Yearly On Child Support
Raising a family that consists of 11 (soon to be 12) kids apparently involves an outrageous amount of money. Just ask Nick Cannon.
On November 10, The U.S. Sun reported just how much "The Masked Singer" host shells out yearly to support his ever-expanding brood. Following confirmation that one of his partners, Abby De La Rosa, is pregnant with his 12th child, family law attorney and legal expert Goldie Schon revealed a ballpark estimate of how much he pays to raise his children. Surprisingly, it's purportedly in the neighborhood of $3 million, taking into account a number of factors, including his annual income. "If he is taking home somewhere upward of $5 million a year, you have to look at what it would take to have the children kept in the lifestyle of both parents... The lifestyle has to be the same with mom as it is with dad."
When Cannon got wind of this speculation, he confirmed that he was indeed spending millions for his children. But the kicker is his expenditure on child support is way beyond what was initially reported.
Nick Cannon claims he spends more than $3 million on his kids
According to Nick Cannon himself, The U.S. Sun's report was severely underestimating how much he coughs up every year for his growing family. While he did not disclose the exact amount, he told "The Neighborhood Talk" that it's more than the $3 million estimate.
"I definitely spend a lot more than [$3 million] on my children annually," he divulged, adding that he never wants his children to experience being part of the country's inefficient child support system. "I don't plan to ever have to participate in the governmental system of child."
Cannon's revelation is probably a clap back to those who continually doubt his parenting abilities. Aside from providing adequate financial support, he shared that he tries his best to be physically present for all his children. "Contrary to popular belief, I'm probably engaged throughout my children's day, more often than the average adult can be," he told Men's Health in June. "If I'm not physically in the same city with my kids, I'm talking to them before they go to school via FaceTime and stuff. And then when I am [in the same city, I'm] driving my kids to school, like, making sure I pick 'em up." And when it comes to the number of his children, he said it's not something that he actually thinks about. "People even often ask, 'Are you gonna have more, you gonna stop?' I'm like, those are questions that I don't, I don't really even sit around and think about," he explained. "I'm just walking in my purpose and trying to be the best father and best provider I could possibly be."
Nick Cannon can cover child support due to his many lucrative ventures
While Nick Cannon may claim that he pays way more than $3 million a year on child support, one cannot help but wonder where he's getting all of that cash, because just a few years ago his reported earnings weren't enough to cover that, let alone his own living expenses.
During his divorce from "All I Want For Christmas Is You" singer Mariah Carey in 2016, both parties had to divulge their income for 2014 and "The Masked Singer" host only raked in around $2.5 million that year, per Page Six. Of course, that's nothing to scoff at (and let's not forget that Cannon wasn't father to the equivalent of a football team back then). It would seem he's not paying the bills through his hosting gigs, however, because his net worth from all of his cumulative ventures, like his brand Wild 'N Out, garner him $30 million a year, per Celebrity Net Worth, and Cannon himself has said the brand is worth "half a billion," per Vibe.
Nick Cannon's child support payments to Mariah Carey add up
So, now we know what Nick Cannon pays ex-wife and diva-for-life Mariah Carey in child support is ultimately a steal. After the dissolution of their marriage, which lasted from 2008 to 2016, the terms of their custody settlement were revealed. Their twins, Monroe and Morroccan, get $5,000 a month from Cannon paid into a trust, per TMZ. If you're doing the math, that's about $60,000 a year. The "Honey" crooner doesn't have to contribute to the trust, but when Cannon has to travel to visit the twins specifically, Carey has to foot the bill for his accommodation and his travel costs.
While the details of what he's paying in support for his 10 other children isn't exactly clear, The U.S. Sun, which originally sparked the speculation into his financial contributions, estimated that his newborn baby with Abby De La Rosa — which is lucky No. 11 in the Cannon line of succession — will most likely cost him $40,000 a month! Before you whip out the calculator, we've got you covered. *Does the math* That's nearly half a million dollars a year. It's obvious Cannon is a very loving man, but where does he find the time?