Nick Cannon Wants Half of Mariah’s Cash

Media mogul Nick Cannon looks like he’s rolling in cash, but according to Life & Style magazine, looks can be deceiving.

Life & Style says Nick is running through Mariah Carey‘s money like Usain Bolt. Apparently, Nick has emptied Mariah‘s bank accounts to the tune of $1 million per month!

From Life & Style:

Since he filed for divorce from Mariah Carey last year, Nick Cannon has been spending money like crazy!

He books private jets for parties, hosts $2,000 dinners at five-star restaurants, recently bought his grandfather a $400,000 Rolls-Royce and just rented an $11,000-a-month mansion in Saddle River, N.J.

“Since January, he’s spent $1 million,” estimates an insider to ‘Life & Style.’ “And Mariah thinks it’s most of her money.”

And the 34-year-old wants more! The insider says the ‘America’s Got Talent’ host is after a $50 million slice of Mariah’s $500 million fortune. But the diva’s fighting him, and it’s caused their already bitter split to get even nastier.

“Mariah doesn’t want to give Nick a dime over $10 million,” the insider says. Now Nick is so furious, he’s considering spilling all of her secrets. “It’s her worst fear,” says the insider.