Fetty Wap
$8 million
Tory Lanez has an estimated net worth of $2 million as of 2026. Born Daystar Shemuel Shua Peterson on July 27, 1992, in Brampton, Ontario, Canada, Lanez is a rapper, singer, and record producer who built a multi-million dollar music career before a 2020 shooting incident and subsequent 2023 criminal conviction dramatically altered his financial trajectory. His catalog spans eight studio albums, over a dozen Billboard-charting singles, and a string of viral mixtapes that established him as one of the more versatile artists in hip-hop’s 2010s wave.
Updated March 2026: According to Finance Monthly, Tory Lanez’s net worth sits at approximately $2 million as of 2025 — a sharp decline from prior estimates of $8–10 million. The drop reflects substantial legal fees, the complete loss of touring income since 2022, and the cancellation of endorsement deals following his conviction and incarceration.
Daystar Shemuel Shua Peterson was born in Brampton, Ontario, Canada, on July 27, 1992. His mother, Luella Peterson, died of a rare blood disease (anemia) when Daystar was eleven years old. Following her death, his father, Sonstar Peterson, became an ordained minister and missionary, a vocation that required frequent moves across North America. Daystar attended multiple schools across Canada and the United States during this period.
In 2006, at age 14, Daystar was sent to live with cousins in Jamaica, Queens, New York, due to behavioral issues, before being relocated again to Toronto to live with his grandmother. When she declined to care for him, he was effectively on his own at 15. It was during this period of instability in Toronto that he befriended a man named Hakeem, who gave him the nickname “Lanez” — a reference to Daystar’s habit of wandering carelessly into street traffic. He adopted the first name “Tory” and the stage name stuck. He dropped out of Fletcher’s Meadow Secondary School in the tenth grade at age 16 and began performing at outdoor concerts. He never attended college.
Tory Lanez released his debut mixtape, T.L 2 T.O, in 2009 while living in South Florida, where he also began directing his own music videos. He caught the attention of singer Sean Kingston after Kingston saw a freestyling video online. In February 2010, Kingston invited Lanez on tour with Justin Bieber, and Lanez subsequently signed to Kingston’s Time is Money Entertainment label in 2011, releasing three mixtapes that year: Mr. Peterson, Chixtape, and Swavey. He later left the label to operate independently.
From 2013 to 2015, Lanez built a grassroots following through a steady stream of mixtapes, including Conflicts of My Soul: The 416 Story (2013) and the popular Fargo Fridays series on HotNewHipHop. In July 2015, he signed to Benny Blanco’s Mad Love Records, an Interscope Records imprint. His debut single under the deal, “Say It,” reached No. 23 on the Billboard Hot 100. His follow-up single, “Luv” (2016), climbed to No. 19 on the Hot 100. His debut studio album, I Told You (2016), was commercially successful and established him as a crossover R&B/hip-hop act.
Lanez released six studio albums on major and independent labels between 2016 and 2022. His fourth album, Chixtape 5 (2019), peaked at No. 2 on the Billboard 200 and sold 83,000 units in its first week — his best-selling project. His fifth album, Daystar (2020), reached No. 10 on the Billboard 200 despite releasing amid criminal allegations. He departed Interscope Records by February 2020 and continued releasing music through his own One Umbrella imprint. In December 2022, he was convicted on three felony charges in Los Angeles and taken into custody. He received a ten-year prison sentence on August 8, 2023.
While incarcerated at the California Men’s Colony in San Luis Obispo, California, Lanez continued releasing music. His track “The Color Violet” from the Alone at Prom album gained renewed traction via TikTok in 2023. On March 7, 2025, he released PETERSON, an 18-track album recorded entirely from prison via phone calls. The album debuted at No. 25 on the Billboard 200 and No. 11 on the Top R&B/Hip-Hop Albums chart, selling approximately 24,000 units in its first week, according to HotNewHipHop. It marked his tenth career album to chart on the Billboard 200.
At his peak around 2019–2020, industry observers placed Tory Lanez’s net worth between $8 million and $10 million. Legal expenses, the cessation of touring, and frozen/liquidated assets reduced that figure substantially. His remaining wealth derives from several sources:
Tory Lanez and Raina Chassagne, a Miami-born digital creator, share a son, Kai’lon Peterson, born on April 12, 2017. The couple married on June 25, 2023 — approximately ten months after Lanez’s December 2022 conviction and before his August 2023 sentencing — in what journalist Meghan Cuniff reported in September 2023 based on court documents. Chassagne filed for divorce on June 1, 2024, citing irreconcilable differences and listing the separation date as the same day. She sought sole legal and physical custody of Kai’lon, with Lanez retaining visitation rights, according to People.
Kai’lon appeared regularly in court during his father’s 2022 trial and has appeared in social media videos expressing support for his father. The PETERSON album (2025) features contributions from Kai’lon, Lanez’s father Sonstar, and his siblings DSTNY, Yoko Gold, and Wolfgang.
Lanez’s legal case is directly connected to Megan Thee Stallion, whom he shot in the feet on July 12, 2020, following a pool party at Kylie Jenner’s Hollywood Hills mansion. He was convicted in December 2022 on three felony counts: assault with a semiautomatic firearm, illegal possession of a loaded, unregistered firearm in a vehicle, and negligent discharge of a firearm. In November 2025, the California 2nd District Court of Appeals upheld the conviction, and in February 2026, the California Supreme Court declined to review the case, exhausting his direct appeal options.
Lanez is currently incarcerated at the California Men’s Colony, a medium-security prison in San Luis Obispo, California. He was transferred there after reportedly being stabbed 14 times by a fellow inmate at the California Correctional Institution in Tehachapi, an incident that caused both lungs to collapse, per Tuko. His parole eligibility date is September 2029; his full sentence expires in 2033.
Tory Lanez’s net worth is estimated at approximately $2 million as of 2026, according to Finance Monthly. This represents a significant decline from pre-incarceration estimates of $8–10 million, driven by mounting legal fees, halted touring income, and the loss of endorsement deals following his 2022 felony conviction. Ongoing streaming royalties and publishing income from his catalog provide his primary remaining revenue.
Tory Lanez is 33 years old as of March 2026. He was born Daystar Shemuel Shua Peterson on July 27, 1992, in Brampton, Ontario, Canada. He will turn 34 in July 2026. His zodiac sign is Leo.
Tory Lanez stands 5 feet 3 inches tall (161 cm). Lanez has publicly claimed a height of 5’7″, but booking records filed with the Los Angeles County Sheriff’s Office at the time of his arrest listed his height as 5’3″, a discrepancy that has been widely noted, per IMDb.
Tory Lanez married Raina Chassagne on June 25, 2023, while awaiting his sentencing. The two had been in a relationship for several years and share a son together. Chassagne filed for divorce on June 1, 2024 — less than a year after the wedding — citing irreconcilable differences, according to People. The divorce proceedings included Chassagne seeking sole legal and physical custody of their son, Kai’lon.
Tory Lanez has one son, Kai’lon Peterson, born on April 12, 2017, with Raina Chassagne. Kai’lon, now 8 years old, was a regular presence during his father’s 2022 criminal trial. He is featured on Lanez’s 2025 prison album PETERSON, alongside other family members including Lanez’s father Sonstar and siblings DSTNY, Yoko Gold, and Wolfgang, per the Peterson album Wikipedia entry.
With touring, live appearances, and endorsement deals eliminated since his 2022 conviction, Tory Lanez’s current annual earnings consist primarily of music streaming royalties and publishing income. Prior to his incarceration, industry sources estimated his touring income alone in the six-figure range per performance, with total annual earnings potentially reaching $1–2 million in active years. His 2025 prison album PETERSON sold approximately 24,000 units in its first week, per HotNewHipHop, and was released independently through One Umbrella Records, meaning Lanez retains a higher percentage of revenue than he would under a major label deal.
Tory Lanez is currently incarcerated at the California Men’s Colony, a medium-security state prison located near San Luis Obispo, California. He was transferred to this facility after being stabbed at the California Correctional Institution in Tehachapi. His parole eligibility date is September 2029, and his full sentence ends in 2033, after the California Supreme Court declined in February 2026 to review his case, per HotNewHipHop. Prior to his incarceration, Lanez had real estate holdings in Los Angeles, Miami, and Toronto, some of which have been liquidated or frozen.