Todd Chrisley Net Worth: How Much Money Does Todd Chrisley Make?
‘Todd Chrisley' is an American businessman and reality television personality who is estimated to have a net worth of less than $5 million dollars. “Chrisley Knows Best,” a reality television show on the USA Network, is based on his life. Throughout the show, Mr. Chrisley is seen going about his everyday routine. The eighth season is scheduled to premiere in 2020. “Growing Up Chrisley,” a spin-off centering on Chase and Savannah that launched on USA Network on April 2, 2019, is likewise based on the characters.
Todd Chrisley's Early Life
His life began on April 6, 1969, in Georgia, and he grew up in Westminster, South Carolina, where he currently resides. Todd Chrisley is the patriarch of the Chrisley family, which is well-to-do.
Tod Chrisley is the owner of Chrisley Asset Management, a company that has been struggling for a number of years, despite the fact that Mr. Chrisley and his family continue to live a luxury lifestyle, which includes owning a 30,000-square-foot estate and spending $300,000 per year on clothing. Mr. Todd Chrisley is currently embroiled in a $45 million bankruptcy case that involves a real estate enterprise that has supposedly gone horribly wrong for him.
Todd Chrisley's Show “Chrisley Knows Best”
The first season of “Chrisley Knows” Best debuted in 2014 and consisted of eight episodes. Todd quickly gained notoriety for leading a lavish lifestyle focused on materialistic principles. His out-of-control expenditures and irresponsible spending captured the attention of viewers.
Todd and his wife have enormous wardrobes filled with high-end designer clothing. They are chauffeured around in very costly automobiles. A 30,000-square-foot house in Atlanta is where they live with their family. Chrisley is also fond of telling people that his neighbors in his ultra-exclusive gated community include Usher and Major League Baseball player Chipper Jones, both of whom are friends of his.
Chrisley accumulated the majority of his wealth from real estate. Todd is well-known for being overbearing, and he has set down rigorous guidelines for raising his children. He regularly watches their use of the internet and text messaging in order to keep them out of trouble, and he also installs tracking devices in their automobiles to ensure that they do not get into problems.
Following his son Chase's sneaking out of the house to attend a high school football game, Todd crippled his son's car with a wheel clamp and steering-wheel lock in the premiere episode of “Chrisley Knows Best.”
One of Chrisley's most memorable moments occurred when he threw his son's laptop into the swimming pool. Why? He wanted to use this opportunity to teach him a lesson. And if you think Chrisley is exaggerating these activities for the sake of the television cameras, he will quickly dispel that thought from your mind.
A number of interviews have revealed that “Chrisley Knows Best” (I mean, really, the name of the show tells you all you need to know) is an authentic portrayal of his family's life, and he has emphasized this in several interviews.
“Chrisley Knows Best” has a total of 145 episodes and seven seasons to far as of 2019. The show is televised in the United States, as well as in Canada, the United Kingdom, Australia, and Asia, among other countries.
As a result of the show, a spinoff series called “Growing Up Chrisley” was created, which follows Chase and Savannah Chrisley as they relocate from Nashville to Los Angeles. According to current data, the spinoff has had two seasons thus far.
Chrisley is all about his extravagant lifestyle, particularly his extensive collection of designer clothing, while he is on camera. Chrisley, on the other hand, said that his garments were only worth $650 when it came time to file for bankruptcy protection.
As you can expect, this raised some eyebrows among the court-appointed trustee in charge of Chrisley's bankruptcy proceedings. Following an examination, it was discovered that Chrisley's wife Julie had received transfers from Chrisley Asset Management totaling more than $700,000.
In 2016, Chrisley collaborated with Sara Evans on the country ballad “Infinite Love,” which peaked at #19 on the Billboard charts.
Following the premiere of According to Chrisley on USA Network in August 2017, the network announced that it had commissioned a half-hour after-show. Todd Chrisley presented the talk show, which featured Todd “tackling the truth about marriage, parenthood, sex, and relationships,” according to the show's website.
Each episode also includes a guest appearance by a member of the Chrisley family as well as a celebrity. The first episode of the show aired on September 12, 2017. After only one season, the show was cancelled.
What Is His Net Worth?
Todd Chrisley is a reality television star and businessman from the United States with a net worth of -$5 million.
Recent court proceedings have shown that Todd concealed assets worth millions of dollars in his wife's name, according to the trustee overseeing the bankruptcy case. Chrisley's attorney categorically disputes these charges. The first time Chrisley filed for bankruptcy was in 2012, when he claimed to have assets worth $4.2 million and debts totaling $50 million in value.
The same petition said that Todd had only $100 in cash and $55 in his checking account at the time of filing. In 2013, Chrisley Asset Management filed for Chapter 11 bankruptcy protection. To date, Todd has racked up more than $12 million in mortgage debt on his Atlanta estate, as well as roughly $600,000 in IRS late fees, fines, and penalties. Todd is fortunate in that his wife is supposedly self-sufficiently rich.
Todd Chrisley's personal life included a marriage to Teresa Terry that lasted till 1996. Lindsie and Kyle, their children, are the couple's only offspring. His marriage to former beauty pageant queen Julie Hughes took place the same year he divorced Teresa. Savannah, Chase, and Grayson are the couple's three sons and daughters. Julie is Todd's business partner as well as his best friend. She is the daughter of a Baptist minister.
Todd Chrisley is a germophobe who avoids things like dirt and animals as much as possible.
Todd and Julie Chrisley were arrested on August 14, 2019 in Atlanta, Georgia, on charges stemming from a multi-count indictment against them. Between 2007 and 2012, tax evasion, wire fraud, bank fraud, and conspiracy were among the charges brought against the defendants. According to the indictment, the pair ran a scam in which they defrauded banks out of millions of dollars in bank loans by giving false information about themselves.
Furthermore, they are accused of evading federal tax obligations. In addition, their accountant was indicted. A social media post by Todd and Julie claimed that the criminal activities were committed by a former “trusted employee” who stole from the family and carried out the offenses without their knowledge or consent.
They were compelled to appear in court and post $100,000 in unsecured appearance bonds as a result of the proceedings. They have also been instructed to limit their travel to Atlanta and California to only when they are taping their television show in those cities.