Can you spend N350m for a pair of shoe? Nick Cannon did it

Rapper/actor and TV host Nick Cannon officially owns the world's most expensive shoes, which he wore to host America's Got Talent grand finale yesterday in New York. The diamond encrusted slip on shoes is worth $2.2million. This has got to be obscene on every level. Choi!

The Tom Ford shoes has 14,000 full-cut round white diamonds set onto white gold, with a total carat weight of 340 carats. Jeweler Jason Arasheben, who created the shoes, told Women's Wear Daily;

'Not very often do I get a request for the most expensive shoes in the world. When Nick approached me last year, he said he wanted to make history and be so over the top."

"'How can we make the most expensive pair of shoes in the world and make this finale special?' he asked me. We didn’t want him looking like Frankenstein when he walked, we still needed to consider functionality.

'He’s not going to win a race or play basketball with these. It’s still a piece of jewelry. As long as he’s not too overly aggressive in the shoes, everything should be all right.'

Nick Cannon also showed off this expensive Rolex timepiece 

Nick is said to be worth about $20million but his estranged wife Mariah Carey is worth over $500million...and once the divorce goes through...he will probably be worth more.