Credit: John Shearer/Getty Photo: Nick Cannon and Mariah Carey Attend the 82nd Annual Academy Awards on March 7, 2010

The only thing better than being Mariah Carey is being married to Mariah Carey. Just ask America's Got Talent host Nick Cannon.

According to Perez Hilton, the authoritative source on all things Mimi, the Grammy-winning singer just bought her hubby a brand new Ferrari! (We know what you're thinking, and yes, he is old enough to drive.)

So, how much did Nick's shiny new toy set her back? A cool $300,000. No big deal when you've sold over 200 million albums worldwide, starred in eight movies, and have a brand-new gig as a Jenny Craig spokesperson.

Nick, who was recently hospitalized for mild kidney failure, is currently in recovery and focused on getting his health back up to speed before AGT begins. Mariah has kept fans updated on his condition on Twitter.

"Daddy Nick is getting better, we're all home together taking care of each other, excited about the new year!!" she recently wrote.

If MC's much-anticipated music comeback goes according to plan, 2012 could be her year. The singer is set to perform at Mawazine Rhythms of the World festival in Morocco on May 26, and according to Perez, she will be singing one or two songs from her new album.

Ferraris come and go, but Mariah Carey music is the gift that keeps on giving!

Source: Perez Hilton