“Champagne wishes and caviar dreams” indeed. NBC will be reviving the classic TV show Lifestyles of The Rich and Famous and they have tapped none other than Nick Cannon to host the program. Lifestyles of The Rich and Famous was a popular show back in the 80s and 90s. The TV series was hosted by Robin Leach and showed the lavish lifestyles of some of the richest people in the world.

A year ago, the Style network was tasked to revive the show with Cannon also hosting. However, the plan fell through after the network was rebranded as the Esquire Network. In an interview with E! News back when Style network’s plans to revive the show surfaced, Nick Cannon expressed his excitement at the gig. “Robin Leach passed the torch to me, now I’m producing and hosting the new Lifestyles of the Rich and Famous,” Cannon told reporters. “You know what? I think rich and famous people take themselves too seriously. I’m gonna be just like I am on this show [America’s Got Talent]. I’ll be like what the hell? Gold toilet seats?! Let’s pop bottles.”

.@NBC is bringing back ‘Lifestyles of the Rich and Famous’ with @NIckCannon as host: http://t.co/UcnYKVwemX pic.twitter.com/9nj426idrY

— Entertainment Weekly (@EW) November 13, 2014

According to reports, NBC’s take on the show is different from Style’s original plan. The new series will focus on Cannon’s point of view and will feature a more fun take on the profiles of the individuals that they will feature. Aside from the profiles of these individuals and their extravagant lifestyle, the show will also shine the light on their philanthropic efforts.

Instead of the old tycoons that were featured prominently in the old version of the series, this new take will feature new tech billionaires who have pretty much replaced the old guard when it comes to the nation’s richest people.

The project will continue Cannon’s partnership with NBC, where he also hosts the hit TV show America’s Got Talent.