Tory Lanez Net Worth: The Truth About His Wealth

Tory Lanez net worth in 2024 has become a hot topic among fans and music enthusiasts. The Canadian rapper, singer, and songwriter has made a significant impact on the hip-hop and R&B scenes with his unique sound and versatile talent. Over the years, he has released numerous chart-topping hits and collaborated with some of the industry’s biggest names.

Let’s dive into his earnings, sources of income, and the milestones that have contributed to his financial success.

What is Tory Lanez Net Worth in 2024?

Tory Lanez is a Canadian rapper, singer, songwriter, and record producer with a net worth of $2 Million as of 2024. The main source of Tory Lanez’s wealth comes from his career as a rapper, singer, and songwriter.

He earns money through music sales, streaming, concerts, and tours. Lanez also makes income from his record label, One Umbrella, which signs and promotes other artists.

Additionally, he generates revenue from merchandise sales, brand endorsements, and his presence on social media platforms like YouTube. His versatility in music and business ventures has significantly contributed to his wealth.

Tory Lanez’s Early Life

Daystar Shemuel Shua Peterson known as Tory Lanez was born on July 27, 1992, in Brampton Ontario. His father Sonstar is from Barbados and his mother Luella is from Curaçao. After his mother passed away his father became a minister and they moved frequently across the United States. Eventually, they settled in Atlanta Georgia where Tory Lanez met his friend Hakeem who gave him the nickname “Lanez” because of his adventurous nature.

Due to behavior issues, Lanez was sent to live with his cousins in Jamaica Queens, New York, and later moved to Toronto to live with his grandmother. When she couldn’t care for him Lanez found himself living independently at just 15 years old. This experience toughened him up and shaped his character as he had to fend for himself without parental support.

Lanez got back into rapping and took on the nickname “Notorious” inspired by his idol the late rapper Notorious B.I.G. He later adopted the stage name “Tory Lanez.” He dropped out of high school at 16 and started performing at local concerts. At 17 Lanez also discovered a passion for singing despite never having formal vocal training.

Tory Lanez’s Career

Career beginnings

In 2009, Tory Lanez launched his first mixtape T.L 2 T.O. He was in South Florida at the time and started directing his music videos which he shared on YouTube. His big break came when Sean Kingston noticed him rapping over Lloyd Banks’ “Beamer Benz or Bentley” in a video. This led to Lanez joining Kingston on tour with Justin Bieber after they met up in 2010.

Over the next few years, Lanez released several mixtapes like “Just Landed,” “One Verse One Hearse,” and “Playing for Keeps”. He signed briefly with Sean Kingston’s label releasing mixtapes under it, but later chose to go independent. He continued to drop mixtapes regularly including “Sincerely Tory” in 2012 and “Conflicts of My Soul: The 416 Story” in 2013.

In 2014, Tory Lanez began his “Fargo Fridays” series releasing new music every Friday on HotNewHipHop. He kicked off his tour the “Lost Cause Tour” and planned to release his mixtape “Lost Cause”. He also revealed that he had ghostwritten for artists such as Akon and T.I.

Album releases

By 2015, Lanez signed with Benny Blanco‘s Mad Love Records and Interscope Records releasing singles and mixtapes like “Chixtape III” and “The New Toronto”. His debut album “I Told You” dropped in 2016. Despite success, Lanez criticized Interscope Records publicly and eventually parted ways with them.

Since leaving Interscope, Lanez has been busy collaborating with artists like Buju Banton and dropping singles such as “Temperature Rising” independently. He also launched the “Quarantine Radio” during the COVID-19 lockdown and continues to release music under his label One Umbrella.

Independent albums

Tory Lanez released his fifth album “Daystar” in September 2020 shortly after leaving Interscope. The album addresses accusations that he shot Megan Thee Stallion in 2020.

In the months following, Lanez announced more music “capsules.” These included the hip-hop mixtape Loner the R&B mixtape Playboy and the 80s-inspired synth-pop album Alone at Prom.

His last studio album before his legal troubles “Sorry 4 What” came out in the following year. In 2022, Tory Lanez was convicted of felonies related to the shooting and sentenced to 10 years in prison.

During his incarceration, Lanez’s song “The Color Violet” from Alone at Prom gained popularity on TikTok. He later released a deluxe edition of the album in 2023 which was his first official release after being jailed.

One Umbrella

One Umbrella is Lanez’s Canadian record label and management company established in 2014. It started as a clothing brand and signed its first artist Mansa in 2018. Lanez highlighted his independence in 2020 emphasizing ownership of his music rights and freedom from major labels. The label also includes artists like Mariah the Scientist and Kaash Paige.

Tory Lanez is known for blending hip-hop and R&B in his music. He often combines both styles within the same song. When he performs you’ll hear him rapping and singing often using autotune.

In an interview with Ian Stonebook on “Nice Kicks” Lanez explained his unique style which he calls “Swavey.” According to him “Swavey” isn’t just an adjective; it’s a genre of music. It’s about fusing multiple genres. Lanez believes many artists today are multi-talented and shouldn’t be confined to one style. He thinks they’re “swavey artists” because they can blend different genres seamlessly despite what labels might prefer.

Lanez draws inspiration from artists like Brandy Norwood, Ray J, Chris Brown, and Lil Wayne. These musicians have influenced his approach to creating music that crosses genre boundaries.

Tory Lanez’s Personal Life

Tory Lanez has a son named Kai. He also goes by the alias Argentina Fargo. In an interview, he explained that combining “foreign” and “banking” represents foreign money to him. Being Canadian in America makes him feel like a foreign currency hence the nickname Argentina Fargo.

Lanez’s wife Raina Chassagne filed for divorce in June 2024 citing irreconcilable differences. They got married on June 25, 2023. She requested legal and physical custody of their son Kai.

Tory Lanez’s Controversies

In March 2016 at a concert in Midland Texas, Tory Lanez encouraged chaos among fans leading to a riot that forced police to shut down the show and resulted in multiple arrests. This incident prompted legal concerns from the venue and promoters.

Shooting of Megan Thee Stallion

On July 12, 2020, Tory Lanez was arrested in Hollywood Hills after an altercation at a house party. Megan Thee Stallion who was with him initially claimed a foot injury from broken glass but later revealed she had been shot in both feet. In August 2020, Megan publicly accused Lanez of shooting her during the incident criticizing his team for spreading false information.

In September 2020, Lanez released an album where he denied shooting Megan alleging she and her team were framing him. This sparked a dispute with Megan’s lawyer accusing Lanez’s camp of manipulating evidence to discredit her. Lanez countered by claiming a smear campaign against him by media outlets.

In October 2020, Lanez faced felony charges related to the shooting including assault and carrying an unregistered firearm. A protective order was issued requiring him to stay away from Megan and surrender any firearms.

In April 2022, Lanez was arrested for violating a protection order and later convicted in December 2022 on assault and firearm charges receiving a 10-year prison sentence in August 2023.

Apart from legal issues, Lanez has been involved in public disputes with other artists notably Drake and Joyner Lucas which have sometimes led to rap feuds and diss tracks.

In 2022, Lanez was accused of assaulting singer August Alsina backstage at an event though Lanez denied these allegations.