What is Todd Chrisley’s Net Worth?
|Net Worth:||$2 Million|
|Country:||United States of America|
|Born:||6 April 6, 1969|
|Salary:||$250 Thousand Per Year|
Todd Chrisley is an American real estate investor and reality TV celebrity who has a net worth of $2 million. Todd once owned a company called “Chrisley Asset Management” which went bankrupt. Then started his own company called ‘Chrisley & Company,’ which is involved in media, retail, entertainment, and asset management.
He is also an actor and producer, whose credits include Sharknado 4: The 4th Awakens, The View, Steve Harvey Chrisley Knows Best, and Growing Up Chrisley. Chrisley Knows Best, a reality show showcasing his family’s lifestyle, is his most well-known work. From 2015 to 2017, the series earned the NATPE’s Reality Breakthrough award for best docusoap, and in 2016, it was nominated for Best Unstructured Reality Series at the 22nd Critics’ Choice Awards.
In 2008, Chrisley was hit by a financial crisis, and his large budget was slashed. As a result of the problem, he eventually filed for bankruptcy, losing $49 million in the process. Todd and his wife Julie hit the headlines again in June 2022 when they were found guilty of federal bank fraud and tax evasion charges involving fraudulent loans used to maintain a lavish lifestyle. So, Today in this post we are going to tell you all about Chrisley’s net worth, assets and properties, family, personal life, controversies, and financial problems.
Todd Chrisley Net Worth
Todd Chrisley has a net worth of $ 2 million in 2023. Most of Chrisley’s income comes from real estate and as an owner of Chrisley Asset Management. His net worth was previously estimated to be $46 million, but his net worth dropped significantly due to a debt of $45 million. However, he is unconcerned because, as shown on television, he lives luxuriously and comfortably with his family.
His fortune stemmed from his work as a real estate mogul, businessman, and reality television personality. He tends to spend over $300,000 on his fashion sense alone, according to sources. The whole production budget for his show “Chrisley Knows Best” was estimated to cost $75 million in 2017. Todd almost makes $10,000 per episode of Chrisley Knows Best.
Todd Chrisley Net Worth Growth
|Net Worth in 2023||$2 Million|
|Net Worth in 2022||$1.9 Million|
|Net Worth in 2021||$1.6 Million|
|Net Worth in 2020||$1 Million|
|Net Worth in 2019||$0.8 Million|
Michael Todd Chrisley was born on April 6, 1969, in Georgia, the United States to Faye Chrisley and Gene Raymond Chrisley. He grew up in the South Carolina town of Westminster. His father died in 2012. Randy and Derrick Chrisley are Todd’s brothers. His educational background is unknown.
Todd Chrisley began his real estate investing career as a property investor. He afterward negotiated a contract with “Fannie Mae” that allowed him to buy and sell residences for a profit. Chrisley then established Chrisley Asset Management, an investing firm. The company was created in 2002, but it was forced to close in 2008 due to the collapse of the real estate market.
Todd Chrisley has appeared in a number of television shows, including ‘Steve Harvey’ and ‘The Domenick Natii Show.’ He got his true claim to fame in his TV show, Chrisley Knows Best, which chronicles his life and family. He portrays himself as a harsh and demanding father who knows how to discipline his children. It was initially broadcast in 2014, with an average audience of 1.16 million viewers.
Chrisley & Sara Evans teamed up on the country song “Infinite Love” in 2016, which charted at #19 on the Billboard charts. Chase and Savannah Chrisley would subsequently get their own spinoff show, Growing Up Chrisley, which was confirmed in 2017. Chrisley Knows Best is presently filming its sixth season, as per Todd’s claims to US Weekly.
Related: Savannah Chrisley's Net Worth
Todd Chrisley was working on a talk program for USA Network in 2015. The show, According to Chrisley premiered in 2017 but was canceled after only one season due to low ratings. In 2018, Todd and Julie’s podcast Chrisley Confessions premiered on iHeartRadio for the first time. E! just announced that Todd Chrisley will host the dating show Love Limo in 2022. Chrisley will use speed dating in the series to assist singles to develop relationships.
Over the years, Todd Chrisley has been involved in two notable bankruptcy cases. After amassing almost $50 million in debt in 2012, Chrisley Asset Management (CAM), his now-defunct investment firm, filed for bankruptcy in 2013, along with his personal bankruptcy.
He had only $4.2 million in assets, $55 in a bank account, and $100 in cash when he filed for bankruptcy in 2012. Chrisley Asset Management declared bankruptcy in 2013. Todd claimed over $600,000 in IRS penalties, overdraft payments, and debt on the Atlanta mansion’s $12 million mortgages.
Assets and Properties
Todd and his family live in a mansion in Roswell, Georgia, complete with a swimming pool, nine huge bedrooms, two luxurious living rooms, a wine cellar, a home gym, and other amenities. Todd Chrisley also owns a Mercedes Benz, a Range Rover, and an Audi, among other luxurious vehicles.
Todd was wedded to Teresa Terry, his high school sweetheart, from 1990 until 1996, and they have 2 kids, Lindsie and Kyle. In 1996, he married Julie Hughes, a former model. Savannah, Chase, and Grayson are the couple’s three children. Chloe and Jackson Campbell are Todd Chrisley’s grandchildren.
Todd shot down all of the rumors and stated publicly that he was not gay. He is of straight sexual orientation and is a happily married man. Todd Chrisley’s wife, Julie Chrisley, says they are flattered that both men and women find Todd attractive. Todd doesn’t appear to be upset by the rumors and is a gay ally.
Financial Crisis and Legal Issues
The Georgia Department of Revenue indicted Todd and Julie on tax evasion and bank fraud offenses during the seventh season of the show, Chrisley Knows Best. On August 14, 2019, they turned themselves up and were later released on a $100,000 bail.
The show was renewed for an eighth season despite the allegations. Despite the fact that the case was settled, they were still facing federal accusations, including tax evasion. Their federal case went to trial on May 17, 2022, and finished on June 7, 2022, with all counts against them being found guilty and a maximum sentence of 30 years in jail.
Todd Chrisley’s net worth is estimated to be $2 million. Todd Chrisley is a self-made millionaire, real estate tycoon, and reality television star. He has starred in a number of television shows and is currently the owner of Chrisley Asset Management.
As a result of the problem, he eventually filed for bankruptcy, losing $45 million in the process. Todd Chrisley’s life has been highlighted by a contentious divorce, financial difficulties, and numerous scandals.