Shortly after Nick Cannon welcomed baby No. 11, his third with Abby De La Rosa, he’s opening up about his child support arrangement. “I definitely spend a lot more than [$3 million] on my children annually,” the 42 year old, told The Neighborhood Talk on Friday, November 11, after a Sun report estimated his financial requirements.
“I don’t plan to ever have to participate in the governmental system of child.” He said.
The whooping $3 million child support amount was calculated by taking into account several factors, including Nick’s status as a high-income earner, according to California practicing family law attorney and legal expert, Goldie Schon.
“When you have somebody like Nick Cannon, who’s an extremely high-income earner, the courts in California have the right to deviate from the typical child support guidelines.”
The lawyer explained that The Masked Singer host’s net worth does not get taken into account, but his yearly income does.
“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.
Nick’s newest addition to his one-man baby boom will likely cost him around $40,000 a month in child support to keep LaNisha and their newborn daughter Onyx in the lifestyle of both parents.
It’s estimated Nick was paying somewhere “around $60,000 a month plus any other expenses added on,” when Brittany Bell the mother of his children Golden, 5, and Powerful Queen, 1, was pregnant.
The third child with Brittany would have tacked on another $20,000 to her monthly child support payments- bringing the total to $80,000 a month for her after she delivers the new baby.
Each additional child after the first is calculated around one-and-a-half under California child support rules, Schon claimed.
