Todd Chrisley’s Net Worth, Early Life, Career, Arrest, and Bankruptcy

Todd Chrisley's Net Worth, Early Life, Career, Arrest, and Bankruptcy

Todd Chrisley’s Net Worth: American real estate investor, businessman, and reality television star Todd Chrisley has a $2 million net worth. Chrisley Asset Management, a business Todd had owned, filed for bankruptcy. After that, he founded his own business, Chrisley & Company, which is active in media, retail, entertainment, and asset management.

Along with being a producer and performer, he has worked on films like Growing Up Chrisley, The View, Steve Chrisley Knows Best, and Sharknado 4: The 4th Awakens.

Todd Chrisley’s most well-known project is the reality series Chrisley Knows Best, which highlights the way of life of his family. In addition to being nominated for Best Unstructured Reality Series at the 22nd Critics’ Choice Awards in 2016, the series won the NATPE Reality Breakthrough award for best docusoap from 2015 to 2017.

During the financial crisis of 2008, Todd Chrisley’s sizable budget was drastically reduced. Todd Chrisley subsequently filed for bankruptcy as a result of the issue, losing $49 million in the process.

Todd Chrisley’s Net Worth

Todd Chrisley’s net worth as of 2022 is $2 million. Real estate and her ownership of Chrisley Asset Management are the main sources of Chrisley’s income. His net worth was formerly believed to be $46 million, but it dramatically decreased as a result of a $45 million debt. He is unconcerned though because, as seen on television, he enjoys a lavish and comfortable life with his family.

His success as a real estate tycoon, businessman, and reality television star led to his wealth. Apparently, he frequently spends more than $300,000 just on his sense of style. In 2017, a $75 million total production budget was projected for his program “Chrisley Knows Best.” Every episode of Chrisley Knows Best brings in over $10,000 for Todd.

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Real Estate

Todd Chrisley relocated his family to Nashville in 2015 and spent $1.6 million on a house there, which has no state income taxes. The Chrisleys invested $3.4 million in a house outside of Nashville in June 2019. They put the house on the market for $4.7 million less than two months later, all the while being accused of financial crimes.

Early Life

Faye Chrisley and Gene Raymond Chrisley welcomed Michael Todd Chrisley into the world on April 6, 1969, in Georgia, the United States. He was raised in Westminster, a town in South Carolina. His father passed away in 2012. Todd Chrisley’s brothers are Randy and Derrick. His educational history is unknown.

Personal Life

Todd Chrisley's Net Worth, Early Life, Career, Arrest, and Bankruptcy

Teresa Terry and Todd Chrisley were wed from 1992 to 1996. Kyle and Lindsie are their two kids. He married Julie Hughes, now known as Julie Chrisley, a previous beauty pageant winner, in the same year that he divorced Teresa. Savannah, Chase, and Grayson are their children. Todd’s business partner and best friend, Julie, is the minister’s daughter and a Baptist.

Todd Chrisley, who fears germs, tries to stay away from things like dirt and animals.

Career

Todd Chrisley started out as a real estate investor who purchased properties. Later, he worked out a deal with “Fannie Mae” that allowed him to profitably purchase and sell homes. Chrisley then founded the investment company Chrisley Asset Management. The business was founded in 2002, but due to the collapse of the real estate market in 2008, it was forced to close.

The Domenick Nati Show and Steve Harvey are only two of the television programs in which Todd Chrisley has made an appearance. His television program Chrisley Knows Best, which documents his life and family, gave him his actual claim to fame. He presents himself as a hard and strict parent who knows how to punish his kids. 1.16 million people watched it on average when it was first broadcast in 2014.

Infinite Love, a country song by Chrisley and Sara Evans, peaked at #19 on the Billboard charts in 2016. After that, Growing Up Chrisley, a spinoff series for Chase and Savannah Chrisley was announced in 2017. Todd told US Weekly that Chrisley Knows Best is currently filming its sixth season.

In 2015, Todd Chrisley was developing a talk show for USA Network. Due to poor ratings, the show According to Chrisley, which debuted in 2017, was canceled after only one season.

Chrisley Confessions, a podcast hosted by Todd and Julie, had its iHeartRadio debut in 2018. Todd Chrisley has just been named the host of the dating program Love Limo for the year 2022 by E! In the series, Chrisley will use speed dating to help individuals find love.

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August 2019 Arrest

Todd and Julie Chrisley were taken into custody on August 14 in Atlanta following a multi-count indictment. Tax evasion, wire fraud, bank fraud, and conspiracy were among the early accusations. The indictment claims that between roughly 2007 and 2012, Todd and Julie used Chrisley Asset Management to apply for bank loans totaling $36 million, which they intended to use to buy and sell foreclosures. The pair allegedly gave fraudulent information to obtain these bank loans, according to the prosecution. The couple’s net worth is said to have been greatly inflated by this false information.

The indictment states that Todd and Julie: “Conspired to submit false materials, such as fabricated bank statements and false personal financial statements, to financial institutions to obtain millions of dollars in loans, much of which they used for their own personal benefit.

The indictment, for instance, alleges that Todd and Julie presented a fake financial statement to a bank in November 2007. the indictment states: “When the bank employee requested account statements, Co-conspirator A [an employee apparently working for the Chrisleys] sent Todd Chrisley and Julie Chrisley a fabricated bank statement showing that Todd and Julie Chrisley had $776,509.52 on deposit at Merrill Lynch. In response, Todd Chrisley told his co-conspirator, ‘you are a f****** genious [sic]!!! Just make it show 4 mil+”

In actuality, the couple at that time did not have a Merrill Lynch bank account. A year later, when they finally had one, it never had more than $17,000 in it.

Additionally, Todd and Julie allegedly avoided paying federal tax obligations.

IRS officials saw the Chrisleys’ large purchase of gadgets during one of their reality television episodes, it was revealed in their trial. The Chrisley family was claiming poverty to the IRS at the same time.

A former “trusted employee,” according to Todd and Julie, stole from the family and committed the crimes without their knowledge. The couple made this claim in a social media post. They had to provide a $100,000 unsecured appearance bond in order to show up in court. Additionally, they were told to limit their travel to only when it was necessary for the taping of their TV show in Atlanta and California.

A brand-new indictment was brought in February 2022. The indictment reportedly accused the couple of using a film production firm to conceal $2 million in delinquent taxes owed to the IRS, in addition to the accusations of providing fictitious documentation when seeking loans. The pair is accused of hiding the profits from their TV show in a production business they owned called 7C’s Productions, which resulted in a $2 million tax penalty.

Todd Chrisley and Julie Chrisley were both charged in this new indictment with one count of conspiring to commit bank fraud, one count of conspiring to defraud the US, one count of tax fraud, and FIVE counts of conspiring to commit bank fraud. They have entered a not-guilty plea.

The first day of their federal criminal trial was in May 2022. In November 2022, Todd and Julie received their sentences of 12 and 7 years in jail, respectively, after being found guilty in June 2022.

Bankruptcy Case

Additionally, Todd Chrisley’s real estate empire was at one point embroiled in a $45 million bankruptcy battle. A trustee in the bankruptcy case alleged in court that Todd had hidden assets worth millions of dollars under his wife’s name. These accusations were refuted by Chrisley’s attorney.

At the time of his initial bankruptcy filing in 2012, Todd Chrisley stated that he had $50 million in debt and $4.2 million in assets. Todd stated in the same document that he only had $100 in cash and $55 in his checking account.

In 2013, Chrisley Asset Management announced its intention to file for bankruptcy. Todd disclosed nearly $600,000 in IRS late fines, debts, and penalties in addition to his $12 million mortgage on the Atlanta property.

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Conclusion

Todd Chrisley’s estimated net worth as of 2022 is $2 million. Real estate tycoon, reality television personality, and self-made millionaire Todd Chrisley. He has been in several television programs and currently owns Chrisley Asset Management.

Todd Chrisley subsequently filed for bankruptcy as a result of the issue, losing $45 million in the process. A tough divorce, money problems, and various scandals have all stood out in Todd Chrisley’s life.

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