Todd Chrisley Net Worth
Todd Chrisley net worth: Todd Chrisley is an American businessman and reality television personality who has a net worth of negative $5 million dollars. Todd Chrisley was born in Georgia, and grew up in Westminster, South Carolina. He went on to marry and moved with his family to Atlanta, Georgia, where he is now based. He is the owner of Chrisley Asset Management, a firm that, according to court documents, has been struggling for a number of years, even as Mr. Chrisley and family continue to live a very lavish lifestyle, including owning a 30,000 square foot mansion and spending $300 thousand dollars per year on clothes. He is the subject of the new reality series, "Chrisley Knows Best", airing on USA beginning March 11, 2014. The show follows Mr. Chrisley as he goes about his daily life. The USA Network is very optimistic about the program, largely because of Todd Chrisley's larger-than-life personality, sharp tongue, and non-traditional parenting style. Todd Chrisley is currently involved in a $45 million bankruptcy case involving a real estate empire that apparently went very sour. In an recent court proceeding, a trustee in the bankruptcy case claims that Todd hid millions of dollars worth of assets in his wife's name. Chrisley's lawyer denies these allegations. Chrisley originally filed for bankruptcy in 2012 when he claimed to have $4.2 million in assets and $50 million worth of debt. In the same filing, Todd claimed to only have $100 in cash and $55 in his checking account. His mortgage on the Atlanta mansion totaled $12 million and Todd reported nearly $600,000 in IRS late fees, debts and penalties. Fortunately for Todd, his wife is reportedly wealthy on her own outside of Todd.
August 2019 Arrest: On August 14, 2019, Todd and Julie Chrisley were arrested in Atlanta on a multi-count indictment. The charges included tax evasion, wire fraud, bank fraud and conspiracy between 2007 and 2012. According to the indictment, the couple operated a scheme that swindled millions of dollars in bank loans by providing fraudulent information. Furthermore they allegedly dodged federal tax bills. Their accountant was also indicted. Todd and Julie claimed in a social media post that the illegal acts were performed by a former "trusted employee" who stole from the family and carried out the crimes without their knowledge. They were forced to appear in court and post $100,000 in unsecured appearance bonds. They were also ordered to restrict their travel to Atlanta and California only if they are taping their TV show.
Real Estate: In June 2019, the Chrisleys spent $3.4 million on a home just outside of Nashville. A mere two months later, amid their alleged financial crimes, they put the home on the market for $4.7 million. They paid $1.6 million for their previous Nashville home in 2016.
|Net Worth:||-$5 Million|
|Nationality:||United States of America|