Todd Chrisley Net Worth: His Net Worth Decreases After Tax Fraud Conviction!

Lakra
7 Min Read
Todd Chrisley Net Worth: His Net Worth Decreases After Tax Fraud Conviction!

Chrisley Knows Best is a USA Network reality show that debuted on March 11, 2014. It centers around the life of Georgia real estate magnate Todd Chrisley and his rich family. The show initially took place in Roswell and Alpharetta, both near Atlanta, until switching mostly to Nashville, Tennessee, for the fourth season.

In 2019, a spinoff starring Chase and Savannah Chrisley titled Growing Up Chrisley debuted. In June 2022, Todd Chrisley and his wife Julie Chrisley were found guilty on federal counts of bank fraud and tax evasion and presenting fraudulent documents to banks to take out loans and fund their extravagant lifestyles. In November 2022, the pair were sentenced to a total of 19 years in prison.

Full Name Chrisley Knows Best
Net Worth $1.5 Million
Date Of Birth 6 April 1969
Place Of Birth Georgia, USA
Height 1.79 m
Weight 78 kg

What is the Net Worth of Todd Chrisley?

According to Celebrity Net Worth, Todd Chrisley, an American businessman, reality TV star, and convicted criminal, has a net worth of $1.5 million.

As a result of his USA Network reality show “Chrisley Knows Best,” Todd Chrisley gained widespread fame. The series covers the lives of Mr. Chrisley and his family. On April 2, 2019, the spin-off series “Growing Up Chrisley,” which follows Todd and Stacey’s kids Chase and Savannah, debuted.

Todd Chrisley Biography

Michael Todd Chrisley is the son of Faye Chrisley and Gene Raymond Chrisley; he was born in Georgia, United States. He entered the world on April 6th, 1969, and spent his formative years in the small town of Westminster in South Carolina.

His father passed away in 2012, and he has two brothers named Derrick Chrisley and Randy Chrisley. Although his career is well-known, nothing is known about his academic background.

Todd Chrisley built his real estate business before his tv show. Later, he struck a deal with “Fannie Mae” that allowed him to make money by flipping homes. Chrisley started an investment firm called Chrisley Asset Management.

The real estate billionaire spends more than $300,000 a year on clothes, and in 2017, Chrisley Knows Best had an estimated $75 million production budget. In addition, he earns around $10,000 per episode in the same show.

In addition to his own reality series, Todd Chrisley has appeared as a celebrity guest on shows including “Steve Harvey” and “The Domenick Nati Show.” Chrisley Knows Best portrays him as a demanding, harsh father who is severe about his children’s discipline.

The show averaged 1.16 million viewers in 2014. Todd said production on season six of “Chrisley Knows Best” has begun.

Todd Chrisley Bankruptcy

With two major bankruptcies under his belt, Todd Chrisley’s wealth has taken a serious hit. In 2012, his debt reached about $50 million, and the following year, his company, Chrisley Asset Management, filed for bankruptcy.

He had just $55 in his bank account and $4.2 million in assets when he filed for bankruptcy. Todd and his family live in opulence in a mansion they own in the Atlanta suburb of Roswell. This Atlanta estate is equipped with every modern luxury, including a gym, wine cellar, swimming pool, and nine spacious bedrooms.

The crowning jewel of Todd Chrisley’s opulent existence, however, is the collection of incredible vehicles that fill his garage. Among the several luxury vehicles in his garage are an Audi, Mercedes-Benz, and Range Rover.

Todd Chrisley Wife

At least two sources claim that Todd was married twice. According to IMDb, he initially tied the knot with Teresa Terry in the year 1990. However, his first marriage did not last, and he and his ex-wife filed for divorce in 1996. Next, Todd started going out with Julie Chrisley.

Television host and performer Julie Chrisley. Todd and Julie got married on May 25, 1996, after dating for some time. The newlyweds are settling into married life in Atlanta, Georgia.

Todd Chrisley’s Arrest

The Chrisleys, Todd, and Julie were apprehended in Atlanta on many charges on Thursday, August 14. Various charges including tax evasion, wire fraud, bank fraud, and conspiracy were brought against them between 2007 and 2012.

The couple, the indictment claims, orchestrated a fraud in which they gave bogus information to institutions in order to steal millions of dollars. In addition, it has been rumored that they evaded federal taxes. The company’s accountant faced fraud charges as well.

In a social media post, Todd and Julie claimed that a former “trusted employee” had committed crimes against the family and stolen money. They were similar in the dark about it. Their lawyer advised them to post $100,000 in unsecured bonds and to appear in court. Both Atlanta and California were off-limits unless it was for the purpose of filming the show.

Todd Chrisley’s Real Estate

Chrisley and his family purchased a $1.6 million property in Nashville in 2015. The state of Tennessee does not impose personal income taxes. The Chrisleys purchased a $3.4 million mansion outside of Nashville in the month of June 2019.

They put the house up for sale for $4.7 million just two months later, in the midst of their alleged financial misdeeds.

Share this Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Exit mobile version