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The Diary Of A CEO with Steven Bartlett / Nick Cannon: How I ACCIDENTALLY Built A $1.3 Billion Business & My ExWife Mariah Carey Saved My Life! | The Diary Of A CEO with Steven Bartlett

Nick Cannon: How I ACCIDENTALLY Built A $1.3 Billion Business & My Ex-Wife Mariah Carey Saved My Life! | The Diary Of A CEO with Steven Bartlett

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Intro

In this episode of “The Diary Of A CEO with Steven Bartlett,” Nick Cannon shares his journey of accidentally building a billion-dollar business and how his ex-wife Mariah Carey saved his life. He discusses the value of hard work, maintaining optimism despite obstacles, and the power of creativity. Nick also highlights the influence of mentors like Will Smith and Jamie Foxx, the importance of owning intellectual property, and his mission to give opportunities to aspiring artists. Additionally, he opens up about his battle with lupus and the impact it has had on his perspective on life and relationships.

Main Takeaways

Building a Billion-Dollar Business

  • Nick Cannon founded a billion-dollar conglomerate by accident while creating a show to help Kevin Hart pay his rent
  • He built a billion-dollar conglomerate out of creating a show to give his friends jobs
  • The show incubates and cultivates young talent, honing their skills
  • The Wild ‘N Out brand has expanded into a tour, cruise line, and franchised restaurants across the country
  • The show has over 12 million subscribers on YouTube and TikTok and 7 million on Instagram

Overcoming Obstacles and Maintaining Optimism

  • Despite growing up in the projects and facing obstacles, Nick Cannon maintained optimism and a positive attitude
  • Nick Cannon’s family home was filled with love, despite not being traditional
  • Nick’s parents separated when he was young, but his grandparents kept everyone close-knit
  • Nick’s father turned his life around after experiencing incarceration and addiction
  • Growing up in Southern California, gang violence was glorified and respected
  • Creativity saved the speaker from getting involved in gang violence

The Influence of Mentors

  • Will Smith and Jamie Foxx were influential mentors in Nick’s career
  • Nick learned storytelling and impromptu skills from Jamie Foxx
  • Will Smith mentored Nick from the age of 16 and taught him the value of hard work
  • Will corrected Nick’s songwriting errors and taught him the structure of rap verses
  • Nick was inspired by Will’s dedication to perfecting his craft and working hard

Importance of Owning Intellectual Property

  • Owning intellectual property is key to getting the value that one deserves for their work
  • Building a fan base is important for selling content and intellectual property to larger corporations
  • Technology and the rise of social media platforms have made the middle man less powerful and given artists more control over their own success
  • Nick Cannon doesn’t like signing people or having ownership in someone else’s brand
  • Collaboration is preferred, such as writing a song together and splitting the publishing

Battling Lupus and Prioritizing Health

  • Nick Cannon has lupus and credits ex-wife Mariah Carey with saving his life
  • Nick’s diagnosis of lupus nephritis changed his life at 32 years old
  • Lupus can cause flare-ups and lead to other health issues, including pulmonary embolisms
  • He emphasizes the importance of taking supplements, drinking water, and avoiding processed foods to manage lupus symptoms
  • Nick’s experience with lupus was a scary reminder that health is wealth and that we need to prioritize it

Summary

Building a Billion-Dollar Business

Nick Cannon shares how he accidentally built a billion-dollar conglomerate while creating a show to help Kevin Hart pay his rent. The show, Wild ‘N Out, has become a successful brand that incubates and cultivates young talent. It has expanded into various ventures such as tours, cruises, and franchised restaurants. With millions of followers on social media, the show has become a platform for aspiring artists to showcase their skills.

Overcoming Obstacles and Maintaining Optimism

Despite growing up in challenging circumstances and being exposed to gang violence, Nick Cannon maintained optimism and a positive attitude. He credits his family, especially his grandparents, for creating a loving and close-knit environment. Nick’s father’s transformation after experiencing incarceration and addiction also had a significant impact on his outlook. Creativity became his outlet and saved him from getting involved in gang violence.

The Influence of Mentors

Will Smith and Jamie Foxx played influential roles in Nick Cannon’s career. Jamie Foxx taught him storytelling and impromptu skills, while Will Smith mentored him from a young age, emphasizing the value of hard work. Will’s guidance in songwriting and dedication to perfecting his craft left a lasting impact on Nick. These mentors helped shape his approach to entertainment and success.

Importance of Owning Intellectual Property

Nick Cannon emphasizes the importance of owning intellectual property to ensure artists receive the value they deserve for their work. He believes in building a fan base and leveraging social media platforms to sell content directly to audiences. Nick prefers collaboration over signing people, as it allows for shared ownership and creative control. He advocates for artists to have more control over their own success and not rely solely on traditional industry structures.

Battling Lupus and Prioritizing Health

Nick Cannon opens up about his battle with lupus and how it has impacted his life. He credits his ex-wife Mariah Carey with saving his life during his struggles with the disease. Lupus nephritis, a form of lupus that affects the kidneys, has made Nick prioritize his health and make significant lifestyle changes. He emphasizes the importance of taking supplements, staying hydrated, and avoiding processed foods to manage lupus symptoms. Nick’s experience with lupus has made him realize the value of health and the need to prioritize self-care.

Conclusion

Nick Cannon’s journey from accidental entrepreneur to building a billion-dollar business is filled with valuable lessons. He emphasizes the importance of hard work, optimism, creativity, and owning intellectual property. Nick’s battle with lupus has made him prioritize health and appreciate the support of loved ones. Through his experiences, he continues to give back and provide opportunities for aspiring artists. Nick’s story serves as an inspiration for those looking to overcome obstacles, find success on their own terms, and prioritize their well-being.

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