Tory Lanez Net Worth: Legal Issue & Career

Tory Lanez
Tory Lanez (Source: Wallpaper Cave)

One of the most popular rappers of this generation, Tory Lanez’s net worth is a whopping $4 million.

The Canadian-born rapper started getting recognition after releasing “Conflicts of My Soul: The 416 Story,” a mixtape in August 2013.

Tory was signed to Benny Blanco’s “Mad Love Records” through Interscope Records in 2015.

In 2016, Lanez released his debut album titled “I Told You.”

Tory Lanez
Tory Lanez (Source: Teen Vogue)

The album featured the singles “Say It” and “Luv,” which respectively reached number 23 and 19 on the Billboard Hot 100.

In addition to four Juno Awards, Lanez’s song “Luv” garnered a Grammy Award nomination.

“Memories Don’t Die” and “Love Me Now?”, his second and third studio albums, were released in 2018.

Similarly, in 2019, “Chixtape 5”, his fourth studio album, reached number two on the US Billboard 200.

Tory Lanez | Quick Facts

As of September 2022, Tory Lanez’s net worth is a massive $4 million. Let’s look at quick facts about Tory Lanez to learn more about him.

Birth Name
Daystar Shemuel Shua Peterson
Professional Name Tory Lanez
Nick Name Argentina Fargo, Tory, Swavey Fargo
Birth Date July 27, 1992
Age 30 Years Old
Birth Place Brampton, Ontario, Canada
Height 170 cm/5 feet 7 inches/1.70 m
Weight 68 kg/150 lbs.
Religion Christian
Gender Male
Nationality Canadian
Distinctive Feature
  • Often wears a cap or a hat
  • Tattoos
  • Loves wearing shiny jewelry and accessories
Eye Color Dark Brown
Hair Color Black
Profession Rapper, Songwriter, Singer, Producer
Instrument Vocal
Father’s Name Sonstar Peterson
Mother’s Name Luella Peterson
Genres Hip-hop, R&B
Horoscope Leo
Ethnicity Multiracial
Sibling Suheyb Ali Isse
High School Fletcher’s Meadow Secondary School (Dropped Out)
Record Labels
  • One Umbrella
  • Universal
  • Mad Love
  • Interscope
  • Time is Money
Sexual Orientation Straight
Marital Status Unmarried
Girlfriend N/A
Children Kai
Active Since 2009-Present
Merch  Poster, A Woman Poster
Social Media FacebookTwitterInstagram 
Last Update September 2022

Tory Lanez | Net Worth and Income

Muti-talented rapper, singer, and songwriter Tory Lanez’s net worth is a whopping $4 million.

He is among the best-paid rappers and composers in the Canadian music scene.

Through album sales, live streaming, and performances, he has amassed considerable wealth in the music industry.

Lanez receives $10,000 to $30,000 for each live performance.

“Memories Don’t Die,” Lanez’s follow-up album from 2018, debuted at number one on the Canadian Albums List and peaked at number three on the Billboard 200 chart.

His following two albums, “Love Me Now?” (2018) and “Chixtape 5” (2019), climbed to the top of the Canadian Albums Chart and peaked at number one on the Top Rap Albums chart.

After starting to host “Quarantine Radio” on Instagram Live during the COVID-19 pandemic, Tory delivered his fifth album, “Daystar,” through his own label in September 2020.

The album peaked at four on the Top Rap Albums and Top R&B/Hip-Hop Albums lists.

Another source of income for Lanez is his live shows and concerts. He announced “The Level Up Tour” with ASAP Ferg on April 1, 2016.

Moreover, he was part of Summer Jam and the Pemberton Music Festival in the summer of 2016.

Tory has 4.14 million YouTube subscribers, which enables him to benefit from the platform’s ad revenue.

He makes between $63.9K and $1 million a year through the platform.

Likewise, the rapper receives more than 16 million Spotify streams per month. Thus, he profits significantly from the millions of streams.

Net Worth of Tory Lanez in Different Currencies

Let’s look into Tory Lanez’s net worth in different currencies, including the cryptocurrency Bitcoin.

Currency Net Worth
Euro € 3,929,180
Pound Sterling £ 3,313,315.60
Australian Dollar A$ 5,788,712
Canadian Dollar C$ 5,172,320
Indian Rupee ₹ 318,590,000
Bitcoin ฿ 172.42

Tory Lanez | Houses & Cars

Houses

As of September 2022, Tory Lanez’s net worth is a massive $4 million.

He spent $1.8 million on a Miami property in 2018. Lanez reportedly borrowed $1.26 million from the business to purchase the 2,182-square-foot penthouse.

In 2022, the rapper received a legal notice from BH 4908 LLC.

The business filed a foreclosure lawsuit against the artist and claimed he had neglected to make payments on his Miami home.

He had committed to making monthly payments of $11,057.40 and another deposit in December 2021.

The business claims that Lanez owes them $1,237,456.06 plus interest and that it has not received a single payment from him.

Cars

Lanez is known for his expensive car collection, which he has collected since the start of his career.

In 2021, he spent $750,000 on two cars in a single day.

Tory claims he spent $300,000 on a brand-new 2022 Mercedes Maybach, a vehicle that wasn’t even on the market.

Tory Lanez Getting Out of His McLaren
Tory Lanez Getting Out of His McLaren (Source: AutoEvolution)

He also bought a brand-new Rolls Royce truck, which cost him an astonishing $450,000.

Similarly, his garage consists of McLaren 570S, Ferrari 458 Italia, Rolls-Royce Wraith, Bentley Bentayga, and BMW M3 E30.

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Lifestyle

Multi-millionaire rapper Tory Lanez lives a luxurious lifestyle with a net worth of $4 million.

Tory has been involved in many high-profile relationships over the years. At the start of summer 2014, the rumors of Lanez dating rapper Trina emerged.

They were frequently seen hanging out together at clubs and other famous places. Additionally, screenshots of them Facetiming appeared on social media.

However, they only dated for roughly a year before splitting up in 2015.

Tory and actress Bria Myles were said to be dating in August 2017.

Tory With His Son (Source: Twitter)
Tory With His Son (Source: Twitter)

Moreover, in 2018, he dated rapper Kash Doll.

His son, Kai, was born in April 2017. Fans were startled to hear he had a son, but they were also quite interested to learn who was the mother of the child.

On occasion, Lanez posts a peek of Kai on his Instagram, but he tries to keep his son’s private life off the internet as many famous people do.

Tory gave Kai a Rolex watch for his first birthday.

Tory has been in several legal troubles and controversies in his career.

He issued a challenge to Drake in 2010, saying if the OVO leader heard Tory’s music and didn’t like it, the youngin would pay his elder $10,000. Drake never acknowledged the challenge, though.

Similarly, he had beef with rapper Joyner Lucas, Jacquees, and Don Q, which resulted in them dissing each other.

On March 26, 2016, as a performance was taking place in Midland, Texas, security personnel and people in the crowd got into violent altercations.

Lanez continued by telling the audience to “f*** shit up,” which sparked a riot and required cops to call off the performance.

There were several arrests, and the concert venue and organizers considered suing him.

Moreover, when the police were called to a house party that went violent in July 2020, they discovered a concealed firearm in Tory’s car and detained him.

Megan Thee Stallion, a fellow rapper, was in the vehicle with her foot hurt.

Megan later disclosed that a gunshot inflicted the wound and that Tory was the shooter, despite the initial reports claiming that broken glass was to blame.

In October 2020, Lanez was charged with three felonies, including an attack with a semiautomatic weapon.

Moreover, he was assigned a restraining order preventing him from speaking to Megan or approaching her closer than 100 feet.

Since Tory broke the restraining order in August 2021, his bail was raised from $190,000 to $250,000.

Moreover, he was detained in April 2022 for breaking a restraining order related to the case, but he was soon released after posting a $350,000 bond.

Tory Lanez | Charity

During the Coronavirus outbreak, Tory assisted families struggling to meet their urgent needs by using the show’s viral success to their advantage.

He started the “Tory Lanez Dream City Fund” in 2020 to support Covid-19 relief operations.

“The Dream City Project,” which he and his father established in 2012 to encourage and assist young people, and the “Dream Center,” a Los Angeles-based nonprofit, joined forces to create funds.

Together, they gathered money to help underprivileged families in Los Angeles and other areas across the country by providing food and diapers.

Tory expressed his support for Haitian immigrants in 2021.

He personally flew to Del Rio, Texas, close to the scene of the crisis, and delivered supplies for immigrants still being held in detention centers.

Towels, blankets, and other goods were distributed with Lanez’s assistance.

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Tory Lanez | Movies, Investments, and Endorsements

Movies

Tory has cameoed in television series and movies outside his music career.

He has appeared in television series like “Dish Nation” (2020), “Rhythm + Flow” (2019), “Wild ‘N Out” (2019), “Verified” (2016), and many more.

His music has been featured in “The After Party” (2018), “Empire” (2016), “Creed” (2015), and “Ballers” (2015).

Moreover, his movies such as “Bosco” and “Another West Side Story” are still in production.

Investments

As of September 2022, Tory Lanez’s net worth is a massive $4 million. 

In 2014, Tory Lanez established the Canadian record company and management business “One Umbrella.”

It started as a clothing business under the Forever Umbrella division. Lanez’s debut single as an independent artist was released in 2020.

Tory Album Cover (Source: Deezer)
Tory Album Cover (Source: Deezer)

In order to release his 2021 album “When It’s Dark” as an NFT, Lanez collaborated with a platform called E-NFT.

The plan was to create unique tokens for each copy of the CD that would serve as a secure record of ownership.

On the day of the album’s release, Tory uploaded a video on Twitter claiming that the album had already sold one million copies in less than a minute.

Furthermore, he said that one of his NFTs had been sold for $50,000.

Endorsements

Tory has appeared in a few commercials and advertisements for brand endorsement.

He and NBA player Joel Embiid appeared in a television commercial for “Champs Sports” and “Adidas Originals” in November 2017.

His song “Say It” was used in a television commercial for the well-known car manufacturer “Chrysler.”

Tory Lanez | Career

Tory released the mixtape “T.L 2 T.O.” in 2009.

After seeing a freestyling video, rapper Sean Kingston requested a meeting with him at the beginning of 2010.

After that, Lanez signed a record deal with Kingston’s “Time is Money Entertainment” in 2011.

He went on to release four mixtapes that year, including “Just Landed,” “Playing for Keeps,” “One Verse One Hearse,” and “Mr. 1 Verse Killah.”

Tory Lanez Album Cover
Tory Lanez Album Cover (Source: Pitchfork)

He later released several other mixtapes, including “Lost Cause” (2014), “Conflicts of My Soul: The 416 Story” (2013), “Sincerely Tory” (2012), and “Chixtape” (2011).

“I Told You,” Lanez’s first studio album, was released under Interscope Records/Mad Love Records on August 19, 2016.

The famous singles “Say It” and “Luv” was included on the Gold album.

His first album peaked at number one on the Billboard Top Rap Albums chart and number four on the Billboard 200 chart.

Some Interesting Facts About Tory Lanez

  • He chose the nickname “Notorious” when he began rapping as a tribute to his idol, the legendary rapper Notorious B.I.G.
  • Tory never had any voice training and began honing his rapping abilities as a young boy.
  • Lanez began dedicating all of his time to his rap profession when he was 16 years old and used to perform at neighborhood outdoor festivals.

FAQs

What is the meaning behind his name Lanez?

His friend Hakeem gave him the nickname Lanez because of his habit of getting into mischief on the streets.

Who is Tory Lanez signed to 2022?

He is now an independent artist and releases music from his own label.

Did Tory Lanez go platinum?

Yes, many of his records have received platinum certification.

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