Todd Chrisley Net Worth: Todd Chrisley is an American businessman and reality TV personality who has a net worth of negative $5 million. He is the subject of the USA Network Reality series “Chrisley Knows Best”. The series accompanies Mr. Chrisley in his daily life. The eighth season will air in 2020. A Chase and Savannah-focused spin-off entitled Growing Up Chrisley, also on USA Network, premiered on April 2, 2019.
Early Life: Todd Chrisley was born in Georgia on April 6, 1969 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 court documents say has struggled for a number of years, although Mr. Chrisley and his family continue to lead very lavish lifestyles, including owning a 30,000-square-foot mansion and spending $300,000 a year for clothes. Todd Chrisley is currently involved in a $45 million bankruptcy case involving a real estate empire that appears to have collapsed. In a recent court case, a bankruptcy trustee alleges that Todd Chrisley hid millions of dollars in assets in his wife’s name. Chrisley’s lawyer denies these allegations. Chrisley originally filed for bankruptcy in 2012 when he claimed 4, Having $2 million in assets and $50 million in debt. In the same filing, Todd said he only had $100 in cash and $55 in his checking account. Chrisley Asset Management filed for corporate bankruptcy in 2013. His Atlanta mansion was mortgaged for $12 million, and Todd filed nearly $600,000 in late fees, debts and penalties with the IRS. Luckily for Todd, his wife is reportedly wealthy herself. Debts and Penalties to the IRS. Luckily for Todd, his wife is reportedly wealthy herself. Debts and Penalties to the IRS. Luckily for Todd, his wife is reportedly wealthy herself.
“Chrisley Knows” Best premiered in 2014 with an eight-episode first season. Todd immediately became notorious for his luxurious, materialism-based lifestyle. Viewers were mesmerized by his reckless and out-of-control spending. Todd and his wife have huge closets full of expensive designer clothes. They drive very expensive cars. They live in a mansion in Atlanta that is 30,000 square feet. Chrisley also likes to remind people that his neighbors in his ultra-upscale gated community are Usher and MLB player Chipper Jones.
Chrisley has made 95% of his wealth from real estate. Todd is known for controlling his children and making strict rules about their upbringing. He closely monitors their internet and texting usage to keep them out of trouble and also has tracking devices in their vehicles. In the premiere episode of “Chrisley Knows Best,” Todd disabled his son Chase’s car with a wheel clamp and steering wheel lock after he sneaked out to attend a high school football game.
In another memorable episode, Chrisley threw his son’s laptop into the swimming pool. Why? He wanted to teach him a lesson. And lest you think these acts are exaggerated for the TV cameras, Chrisley will teach you otherwise. In more than one interview, he has emphasized that “Chrisley Knows Best” (I mean, the name of the show pretty much says it all) is an accurate portrayal of his family’s life.
As of 2019, there are 145 episodes and seven seasons of Chrisley Knows Best. The show airs in the US as well as Canada, UK, Australia and Asia. The show has led to a spinoff series titled Growing Up Chrisley, which follows Chase and Savannah Chrisley’s move from Nashville to Los Angeles. As of 2019, there are two seasons of the spinoff.
In front of the camera, Chrisley is all about his expensive lifestyle, especially his wardrobe of designer clothes. However, when it came to his bankruptcy proceedings, Chrisley claimed his clothes were only worth $650. As you can imagine, this set off some alarm bells for the court-appointed trustee overseeing Chrisley’s bankruptcy. An investigation found that Chrisley’s wife, Julie, received transfers totaling more than $700,000 from Chrisley Asset Management.
In 2016, Chrisley released the country single “Infinite Love” starring Sara Evans, which peaked at #19 on the Billboard chart.
In August 2017, USA Network announced that it had ordered a half-hour aftershow called According to Chrisley . The talk show was hosted by Todd Chrisley and featured Todd “speaking the truth about marriage, parenting, sex and relationships.” Each episode features a member of the Chrisley family and 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 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 germ phobic and tries to avoid things like dirt and animals.
Aug 2019 arrest: On August 14, 2019, Todd and Julie Chrisley were arrested in Atlanta on multiple counts. The charges include tax evasion, wire fraud, bank fraud and conspiracy between 2007 and 2012. According to the indictment, the couple used false information to swindle millions of dollars in bank loans. They are also said to have evaded federal tax assessments. Her accountant was also charged. Todd and Julie claimed in a social media post that the illegal acts were carried out by a former “trusted associate” who stole from the family and committed the crimes without their knowledge. They were forced to appear in court and post $100,000 in unsecured bail. In addition, they were ordered
Real Estate : In 2015, Chrisley moved his family to Nashville, which has no state income taxes, and bought a home for $1.6 million. In June 2019, the Chrisleys spent $3.4 million on a home just outside of Nashville. Just two months later, they put the home on the market for $4.7 million amid their alleged financial crimes.
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