Todd Chrisley Net Worth: $1.5 Million (approx.)
| Net Worth: | $1.5 Million (approx.) |
| Date of Birth: | Apr 6, 1969 |
| Age: | 53 years |
| Profession: | Businessperson |
| Nationality: | United States of America |
Todd Chrisley net worth is around $1.5 million. Todd Chrisley who goes by the name Todd is a real-estate tycoon.
Todd Chrisley was found guilty in June 2022 of federal bank fraud and tax evasion charges that involved taking out fraudulent loans to fund a lavish lifestyle.
Todd Chrisley net worth 2023:
Todd Chrisley is an American businessman and reality television personality. Todd Chrisley net worth is around $1.5 million. Todd Chrisley became famous due to the USA Network reality series, “Chrisley Knows Best.” The show follows Mr. Chrisley and his family as they go about their daily lives. A spin-off show focusing on Todd’s children Chase and Savannah called “Growing Up Chrisley,” premiered on April 2, 2019.
Todd Chrisley Biography:
Todd Chrisley was born on April 6, 1969, in Georgia and grew up in Westminster, South Carolina.
Chrisley Asset Management
Todd Chrisley is the owner of Chrisley Asset Management, a firm that has been struggling for a number of years, even as Mr. Chrisley and family continued to live a very lavish lifestyle. A lifestyle that includes owning a 30,000-square-foot mansion and spending $300,000 per year on clothes.
Chrisley Asset Management would later play a major role in Todd and Julie’s legal troubles.
Todd Chrisley August 2019 Arrest
On August 14, 2019, Todd and Julie Chrisley were arrested in Atlanta on a multi-count indictment. The initial charges included tax evasion, wire fraud, bank fraud, and conspiracy. As per indictment, between approximately 2007 and 2012, Todd Chrisley and Julie allegedly used Chrisley Asset Management to seek bank loans which will be used to buy and sell foreclosed properties. Prosecutors alleged that they provided false information to secure these bank loans. That false information allegedly drastically inflated the couple’s net worth.
The indictment claims that in November 2007 Todd Chrisley and Julie showed a bank a fabricated financial statement. In reality, Todd Chrisley and his wife did not have a Merrill Lynch bank account at that time. When they did haveafter a year, it hardly had more than $17,000 at any point of time. Todd Chrisley and Julie also allegedly dodged federal tax bills. Their accountant was also indicted.
Todd Chrisley and Julie claimed 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.
In February 2022 a new charge was filed. In addition to the previously-mentioned charges of submitting fake documents when applying for loans, the indictment further accused the couple of using a film production company to hide $2 million worth of unpaid taxes owed to the IRS.
That $2 million tax bill was allegedly related to earnings from their TV show which the couple allegedly hid in a production company they controlled called 7C’s Productions.
In this updated indictment, Todd Chrisley and Julie were both charged with one count of conspiracy to commit bank fraud, one count of conspiracy to defraud the United States, one count of tax fraud and FIVE counts of bank fraud. They have pleaded not guilty.
Their Federal criminal trial began in May 2022.
Bankruptcy Case
Todd Chrisley is currently involved in a $45 million bankruptcy case involving a real estate empire . 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.
Todd 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 Chrisley claimed to only have $100 in cash and $55 in his checking account.
Chrisley Asset Management filed for corporate bankruptcy in 2013. Todd Chrisley mortgage on the Atlanta mansion totaled $12 million and Todd reported nearly $600,000 in IRS late fees, debts, and penalties. Todd Chrisley wife is reportedly wealthy on her own.
Chrisley Knows Best:
| Genre | Reality |
|---|---|
| Starring | Todd Chrisley,Julie Chrisley,Kyle Chrisley,Lindsie Chrisley, CampbellChase Chrisley,Savannah Chrisley,Grayson Chrisley,Chloe Chrisley,Faye Chrisley |
| Country of origin | United States |
| Original language | English |
| No. of seasons | 9 |
| No. of episodes | 191 (+ 3 specials) |
“Chrisley Knows Best” premiered in 2014 with an 8-episode first season. Todd Chrisley immediately became infamous for his luxurious lifestyle based on materialism. Viewers were fascinated with his reckless and out of control spending.
Todd Chrisley and his wife have huge wardrobes of expensive designer clothes. They drive very expensive cars. They live in a mansion in Atlanta that spans 30,000 square feet. Chrisley is also fond of reminding people that his neighbors in his ultra-exclusive gated neighborhood are Usher and MLB player Chipper Jones.
Todd Chrisley is known to be controlling and he has strict rules for raising his children. Todd Chrisley closely monitors their usage of the internet and text messaging to keep them out of trouble, and also has tracking devices in their vehicles.
In the first episode of “Chrisley Knows Best,” Todd Chrisley disabled his son Chase’s car with a wheel clamp and steering-wheel lock after he snuck out to attend a high school football game.
Once Todd Chrisley threw his son’s laptop into the swimming pool. Why? Todd Chrisley wanted to teach him a lesson. And lest you think these actions are exaggerated for the television cameras, Chrisley will disabuse you of this notion. In more than one interview, he has stressed that “Chrisley Knows Best” is an accurate presentation of his family’s life.
So far, there have been over 180 episodes of the show across nine seasons. “Chrisley Knows Best” show is broadcast in the U.S. as well as in Canada, the U.K., Australia, and Asia. The show has led to new series featuring Chase and Savannah Chrisley’s move from Nashville to Los Angeles called “Growing Up Chrisley.”