Is Nick Cannon, with $30M net worth, set to sue Viacom for $1.5B after being fired from 'Wild 'N Out'?
American comedian, rapper and television host Nick Cannon is reportedly suing ViacomCBS as he was fired for allegedly making anti-Semitic comments during an episode of his ‘Cannon’s Class’ podcast on YouTube. Cannon issued an apology statement to his fans and later shared a lengthy post on his Facebook account, criticizing ViacomCBS for misusing their power and demanding full ownership of ‘Nick Cannon Presents: Wild ‘N Out’.
The post reads, “I am deeply saddened in a moment so close to reconciliation that the powers that be, misused an important moment for us to all grow closer together and learn more about one another. Instead the moment was stolen and highjacked to make an example of an outspoken black man. I will not be bullied, silenced, or continuously oppressed by any organization, group, or corporation. I am disappointed that Viacom does not understand or respect the power of the black community." He concludes the long post saying, “I demand full ownership of my billion dollar "Wild 'N Out” brand that I created, and they will continue to misuse and destroy without my leadership! I demand that the hate and back door bullying cease and while we are at it, now that the truth is out, I demand the Apology!”
According to the latest reports by The Shade Room, Cannon is planning on suing Viacom for a whopping $1.5 billion. His team reportedly told the publication, “It is just that simple, 'Wild 'N Out' belongs to Nick! The show was created by Nick Cannon with his idea and original thought. Wild 'N Out has brought billions of dollars in revenue to Viacom since 2015. And Nick deserves and has earned everything it is worth.” The team further established that Cannon has been providing platforms for other entertainers and creating job opportunities or Black youth, besides helping the homeless and less fortunate. The report states, “Nick’s team tells us that he plans to use the money from the suit to invest in better education in underserved communities, as well as creating psychological programs, youth organizations, and developing inner city communities.” Cannon’s team has said that Viacom would give him “his $1.5 brand” if they believed in “growth, equality and education”.
Meanwhile, Cannon enjoys a net worth of $30 million according to Celebrity Net Worth. He was previously married to Mariah Carey and following their divorce, the couple reportedly sold their longtime home in Los Angeles for $7million. His notable works in television and film have majorly contributed to his impressive wealth. Cannon has been serving as the host of ‘Wild 'N Out’ since its inception in 2005. The same year he also started his own record label, ‘Can I Call Records’. In 2009, he formed a new label, N’Credible Entertainment, and canceled the old one. Over the years, Cannon has released many singles, including ‘Hold On’, ‘The Invitation’ and ‘Pray For Him’.
Besides creating, producing and hosting MTV’s ‘Wild 'N Out’, Cannon has the experience of hosting numerous events and shows, including, Nickelodeon's 2005 Kids' Choice Awards, 'Nathan's Hot Dog Eating Contest' and 'Caught on Camera with Nick Cannon' among others.