Net Worth Ranker
What Is Tory Lanez’s Net Worth
As of March 12, 2025, Tory Lanez’s net worth is estimated to be around $2 million. This valuation reflects his earnings from a career spanning music, fashion, and video direction. While specific details on the breakdown of his income sources are not publicly available, it’s understood that his revenue streams include music sales, streaming royalties, live performances (prior to his incarceration), and entrepreneurial ventures such as his record label, One Umbrella.
Early Life and Career Beginnings
Born Daystar Shemuel Shua Peterson on July 27, 1992, in Brampton, Ontario, Canada, Tory Lanez faced early life challenges that significantly influenced his path. His mother, Luella, passed away when he was just 11 years old. The family moved frequently, living in Montreal, Miami, and Atlanta. At 15, due to behavioral issues, Lanez moved to Queens, New York, and later to Toronto, living with his grandmother. By the age of 16, he was living independently.
Lanez began rapping a few years after his mother’s death, initially calling himself “Notorious” in tribute to Notorious B.I.G. By 16, he adopted the moniker Tory Lanez and started performing at outdoor concerts after dropping out of school. In 2009, he released his first mixtape, “T.L 2 T.O.”
Music Career Milestones
Tory Lanez’s career gained momentum after rapper Sean Kingston discovered him in 2010. In that same year, Lanez released four mixtapes: “Playing for Keeps,” “Just Landed,” “One Verse One Hearse,” and “Mr. 1 Verse Killah.” By 2011, he had signed with Kingston’s label, Time is Money Entertainment.
His debut studio album, “I Told You,” released on August 19, 2016, via Interscope Records/Mad Love Records, marked a significant milestone. The album reached #1 on the “Billboard” Top Rap Albums chart and #4 on the “Billboard” 200 chart. It was certified Gold, propelled by the success of singles such as “Say It,” which was certified 3x Platinum, and “Luv,” which earned a 2x Platinum certification.
“Memories Don’t Die,” released in 2018, topped the Canadian Albums Chart and reached #3 on the “Billboard” 200. His subsequent albums, “Love Me Now?” (2018) and “Chixtape 5” (2019), both reached #1 on the Top Rap Albums chart and achieved top 10 positions on the “Billboard” 200, Canadian Albums Chart, and UK Hip Hop and R&B Albums Chart. During the COVID-19 pandemic, Lanez hosted “Quarantine Radio” on Instagram Live.
In September 2020, he independently released his fifth album, “Daystar,” which reached #4 on both the Top Rap Albums and Top R&B/Hip-Hop Albums charts. Post-incarceration, his single “The Color Violet” experienced a resurgence in popularity, driven by TikTok trends.
Tory Lanez’s success isn’t solely defined by album sales; it extends to streaming platforms. While precise streaming numbers are not consistently updated, tracks like “Say It” have amassed hundreds of millions of streams across various platforms like Spotify and Apple Music. These streams contribute significantly to his ongoing revenue.
Entrepreneurial Ventures
In 2014, Tory Lanez founded One Umbrella, a record label and management company, initially established as a clothing line called Forever Umbrella. While detailed financial specifics about One Umbrella are not publicly accessible, establishing the company marked a significant step in Lanez’s career, enabling him to control and profit from his music releases and manage other artists.
Tory Lanez has directed several of his music videos, including “Do the Most” (2020), “In the Air” (2020), and “Band A Man” (2021).
Legal Issues and Impact on Net Worth
The shooting incident involving Megan Thee Stallion in July 2020 has had a significant impact on Tory Lanez’s career and, consequently, his net worth. Following the incident, Lanez faced legal charges, including assault with a semiautomatic firearm.
In December 2022, he was convicted on three felony counts and subsequently sentenced to 10 years in prison on August 8, 2023. The legal proceedings have not only affected his reputation but have also led to substantial legal expenses. Legal fees can significantly erode an individual’s net worth, and in cases involving high-profile attorneys and prolonged court battles, these costs can easily reach into the hundreds of thousands, if not millions, of dollars.
Furthermore, his incarceration has limited his ability to generate income through touring, recording, and other performance-related activities, impacting his potential earnings.
Awards and Nominations
Lanez received a Grammy nomination in 2017 for Best R&B Song for “Luv”. He has also received several Juno Award nominations, winning Rap Recording of the Year for “Shooters” in 2017 and “Love Me Now?” in 2019, and R&B/Soul Recording of the Year for “Feel It Too” in 2020. “Henny in Hand” earned Tory a Much Music Video Award nomination for Best Hip Hop Video in 2015, and he received an NAACP Image Award nomination for Best New Artist in 2019. In 2016, he earned nominations from the BET Awards (Best New Artist), BET Hip Hop Awards (Best New Hip Hop Artist), MOBO Awards (Best International Act), and Soul Train Music Awards (Best New Artist), and in 2019, he was nominated for a BET Hip Hop Award for Best International Flow.
Personal Assets and Lifestyle
Specific details about Tory Lanez’s personal assets, such as real estate holdings, vehicles, or investments, are not widely publicized. Information about his lifestyle is largely gleaned from social media, music videos, and public appearances.
Tory Lanez goes by the name Argentina Fargo, a reference to being like “foreign money”.
