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Nick Cannon to Host Style’s ‘Lifestyles of the Rich and Famous’ Reboot

The series will go into production in the fall

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Move over Robin Leach, Nick Cannon is hosting Style's reboot of 80s show "Lifestyles of the Rich and Famous."

Set to go into production in the fall, the network plans a modern take on the series that documents the lavish spending of the 10 percent.

“To be a part of Style’s re-imagination of this iconic show and follow in the footsteps of the legendary Robin Leach is a dream come true,” said Cannon, who already hosts NBC's "America's Got Talent" and MTV2's "Wild N' Out."

“Even though I am fortunate to have certain luxuries, sometimes, I am even amazed by what people with money have and do," he continued. "I want to remind people that just because you might be rich and famous, it doesn’t mean you have to take yourself too seriously.” 

See video: Nick Cannon's 'Wild'n Out' Preview: Kevin Hart Fixates on Mariah Carey's Hair (Exclusive)

Additionally Cannon will executive produce through his company, NCredible Entertainment, alongside Relativity Television, Television 360 and Rysher Entertainment.

“Nick is both aspirational and accessible – key qualities of the Style brand. He is extremely talented with a grounded personality and style that a wide range of viewers have come to appreciate and respect. Nick's comedic and down-to-earth perspective on the opulence of the wealthy makes him the ideal host as we reinvent this pop culture classic,” said Style Media president Salaam Coleman Smith.

“With Nick’s humorous insight, Style will give viewers front-row access to how today’s wealthy live, paying homage to the original ‘Lifestyles’ in a fresh, fun and irreverent way,” she continued.

Style aims to revamp the series for today with a focus on "dot com money, hip hop fame, one-hit wonders and of course, old money glitz." Meanwhile, Cannon will introduce viewers to the entrepreneurs behind the bling and lend his comedic take to the narration.

In April, Style announced several projects in development including unscripted series with Jack Osbourne as executive producer and one starring model Selita Ebanks.