AceShowbiz -

Nick Cannon has added another hosting gig to his already busy schedule. The multi-talented artist is signed on as the host of Style Network's "Lifestyles of the Rich and Famous", a reboot of the 1980s and '90s series of the same title.

"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," Salaam Coleman Smith, President, Style Media, says in a press release. "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."

"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," Cannon says of his new job. "Even though I am fortunate to have certain luxuries, sometimes, I am even amazed by what people with money have and do. 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."

The "America's Got Talent" host will also executive produce the new show, which will begin production this fall. Dubbed a modern-day spin on the pop culture classic series, the upcoming series will take "viewers on a fabulous ride through the world's most glamorous and decadent locations, where the rich and famous mix, mingle and lavishly live it up."

Premiere date for the show has not been announced yet.