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. He is the subject of the reality series, "Chrisley Knows Best." The show follows Mr. Chrisley as he goes about his daily life. The eighth season airs in 2020. A spin-off focusing on Chase and Savannah called Growing Up Chrisley, also on USA, premiered on April 2, 2019.
Early Life: Todd Chrisley was born on April 6, 1969, in Georgia and grew up in Westminster, South Carolina. Todd Chrisley is the patriarch of the wealthy Chrisley family.
Career: Todd Chrisley 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. Todd Chrisley is currently involved in a $45 million bankruptcy case involving a real estate empire that apparently went very sour. In a 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. Chrisley Asset Management filed for corporate bankruptcy in 2013. 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.
Chrisley Knows Best premiered in 2014 with an eight-episode first season. Chrisley quickly became known for his materialistic lifestyle and reckless spending. He and his wife wore designer clothes, drove fancy cars, and lived in a 30,000-square-foot Atlanta home with their children: Lindsie, Kyle, Chase, Savannah, and Grayson. Chrisley never fails to remind people that he lives in the same gated community as singer Usher and Major League Baseball player Chipper Jones.
Chrisley made 95% of his wealth in real estate. Todd is known to be controlling, and he has strict rules for raising his children. He closely monitors their usage of the Internet and text massaging to keep them out of trouble, and also has tracking devices in their vehicles. In the first episode of Chrisley Knows Best, Todd disables his son Chase's car with a wheel clamp and steering-wheel lock after he snuck out to attend a high school football game.
In another memorable episode, Chrisley threw his son's laptop into the swimming pool just to teach the boy a lesson. Chrisley stresses that his show accurately portrays his family's life. With 145 episodes across seven seasons as of 2019, the show has been internationally sold to Australia, Canada, Asia, and the U.K., and has led to spinoff series, Growing Up Chrisley, featuring Chrisley's kids, Chase and Savannah, road-tripping from Nashville to Los Angeles to prove their independence." The show premiered on April 2, 2019. The second season premiered on August 6, 2019.
On camera, Chrisley boasted about his massive clothing budget, but on paper, he claimed that his clothes were worth only $650. This discrepancy set off red flags with the court-appointed trustee of his bankruptcy, Jason Pettie, who requested emails, receipts, and other documents to determine if he was hiding assets. This investigation ultimately revealed that Julie Chrisley had received more than $700,000 in transfers from Chrisley Asset Management.
In 2016, Chrisley released the country single, "Infinite Love," with Sara Evans, which peaked at #19 on the Billboard charts.
In August 2017, USA Network announced that it had ordered a half-hour after-show called According to Chrisley. The talk show was hosted by Todd Chrisley and featured Todd "tackling the truth about marriage, parenting, sex, and relationships." Each episode also features a member of the Chrisley family, as well as a celebrity guest. The show premiered on September 12, 2017. It was canceled after one season.
Personal Life: Todd Chrisley was married to Teresa Terry until 1996. They have two children, Lindsie and Kyle. The same year he divorced Teresa, he married former beauty pageant queen Julie Hughes. They have three children, Savannah, Chase, and Grayson. Julie is the daughter of a Baptist minister, Todd's business partner, and best friend.
Todd Chrisley is a germophobe and tries to avoid things like dirt and animals.
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 2015, Chrisley moved his family to Nashville, where there are no state income taxes and bout a home for $1.6 million. 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.
|Net Worth:||-$5 Million|
|Nationality:||United States of America|