The funnyman replaced former presenter Meredith Vieira on the show in September (13), but now he insists he is too busy to stay on as host.
Making the announcement in a statement on Wednesday (30Apr14), he said, "It has truly been a fantastic ride hosting Millionaire this year - a really great time! Thanks so much to all the fans, contestants, crew, and everyone involved for making it such a fun and gratifying experience."
Cedric's other projects include two Tv series, his own podcast, and multiple films, such as an upcoming movie starring Chris Rock, and a potential Barbershop sequel.
The news comes just a two days after Craig Ferguson announced his intention to step down as the host of America's The Late Late Show.