ViacomCBS has decided to cut ties with Nick Cannon over his anti-Semitic remarks on his podcast. The “Wild 'n Out” host’s net worth is estimated at $60 million.

On the June 30 episode of his YouTube channel's "Cannon's Class" series, the 39-year-old interviewed Richard “Professor Griff” Griffin, a rapper who was ousted from the hip-hop band Public Enemy after he made anti-Semitic comments in an interview with the Washington Post in 1989.

During the interview, Cannon and Griffin discussed anti-Semitic conspiracy theories, which caused a furore as people felt the former's comments spread views of anti-Semitism.

Following the backlash, Cannon issued a statement saying, “Anyone who knows me knows that I have no hate in my heart nor malice intentions. I do not condone hate speech nor the spread of hateful rhetoric. We are living in a time when it is more important than ever to promote unity and understanding."

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Cannon, who has been working with ViacomCBS for decades, is estimated to be worth approximately $60 million. According to Groove Wallet, Cannon, who hosts shows such as “the Masked Singer,” earns approximately $70,000 per episode. He annually receives an estimated $10 million in salaries from all his work.

In a statement released to Variety on July 14, a ViacomCBS spokesperson confirmed the company has terminated its relationship with Cannon.

“ViacomCBS condemns bigotry of any kind and we categorically denounce all forms of anti-Semitism. We have spoken with Nick Cannon about an episode of his podcast ‘Cannon’s Class’ on YouTube, which promoted hateful speech and spread anti-Semitic conspiracy theories. While we support ongoing education and dialogue in the fight against bigotry, we are deeply troubled that Nick has failed to acknowledge or apologize for perpetuating anti-Semitism, and we are terminating our relationship with him. We are committed to doing better in our response to incidents of anti-Semitism, racism, and bigotry. ViacomCBS will have further announcements on our efforts to combat hate of all kinds,” the company said in the statement to Variety.

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Actor/television personality Nick Cannon attends Sugar Factory American Brasserie Atlanta Grand Opening at Sugar Factory American Brasserie in Atlanta, Georgia, on September 28, 2019. Paras Griffin/Getty Images