Site icon Important News

Todd Chrisley Net Worth: How Much Currency Did He Face In Bankruptcy?

Jack
Todd Chrisley Net Worth

Todd Chrisley Net Worth

Todd Chrisley Net Worth: Todd Chrisley and his wife Julie have recently made headlines due to their impending prison sentences for fraud and tax evasion. According to the prosecution, the couple faces a possible prison term of over ten years.

Chrisley Knows Best star Todd faked paperwork to obtain loans for his extravagant lifestyle. Many people are curious about the real estate mogul’s wealth after hearing about the years leading up to his trial. Our current best estimate of Todd Chrisley’s wealth and income follows.

Also, Look At Below

Todd Chrisley’s Professional Life

First and foremost, Todd Chrisley was a property investor. After that, he struck a deal with “Fannie Mae” that allowed him to make money from buying and selling homes. Chrisley then started a financial services company called Chrisley Asset Management. Despite beginning operations in 2002, the company was shut down in 2008 when the real estate market crashed.

Todd Chrisley’s television appearances list includes “Steve Harvey” and “The Domenick Natii Show.” Chrisley Knows Best, a reality show about his family, became his big break. He presents himself as a harsh and strict parent who is an expert at child-rearing.

After its debut airing in 2014, it continued to draw an average of 1.16 million viewers weekly. In 2016, Chrisley and Sara Evans collaborated on “Infinite Love,” a country song that peaked at #19 on the Billboard charts. In 2017, it was announced that Chase and Savannah Chrisley would get their spinoff series.

Todd has told US Weekly that production on the sixth season of Chrisley Knows Best has begun. In 2015, Todd Chrisley hosted a chat show on USA Network. Since its launch in 2017, According to Chrisley has had only one season before being discontinued owing to low viewership.

The first episode of Chrisley Confessions, Todd and Julie’s podcast, debuted on iHeartRadio in 2018. The dating series Love Limo will premiere in 2022 on E! with Todd Chrisley as host. In the series, Chrisley will use speed dating to help singles meet each other and start relationships.

Todd Chrisley’s Personal Life

Todd Chrisley’s Personal Life

Although he was born in Georgia, Todd spent most of his childhood in Westminster, South Carolina. Todd was born into a middle-class household consisting of his parents, Gene Raymond Chrisley and Faye Chrisley, and his brothers, Derrick and Randy.

He had two children with his high school sweetheart Teresa Terry, but they divorced in 1996. Sometime later, Todd wed Julie Chrisley, and the couple eventually welcomed three children, Grayson, Savannah, and Chase.

Todd Chrisley’s Net Worth

Celebrity Net Worth estimates Todd Chrisley’s net worth at $2 million. The majority of the businessman’s wealth came from his property dealings. His wealth was boosted by participating in the USA Network reality show Chrisley Knows Best. In the show’s first season, which aired in 2014, Todd and Julie bought luxury clothes, automobiles, and houses with wild abandon. 

With its ninth and final season airing in December 2021, the show ran for 210 episodes. While the family lived in luxury, Todd founded and owned Chrisley Asset Management, which is said to be failing. The business was also a factor in the tycoon’s legal troubles.

Considering there are no state income taxes in Tennessee, Todd and his family decided to relocate there in 2015. He spent $1.6 million on a mansion in that area. The family spent $3.4 million on a new home in the Nashville suburbs in 2019. Two months later, they put the house on the market for $4.7 million.

Todd Chrisley Net Worth And Bankruptcy

Bankruptcy

Additionally, Todd Chrisley is amid a $45 million bankruptcy battle related to his defunct real estate enterprise. A trustee in the lawsuit said that Todd had hidden millions of dollars in assets under Julie’s name. In 2012, when he had $50 million in debt and $4.2 million in assets, the erstwhile tycoon filed for bankruptcy.

Todd stated in his paperwork that he had exactly $100 in cash and $55 in his bank account. Chrisley Asset Management followed suit and declared bankruptcy the next year. As of that time, Todd owed the IRS a whopping $600,000. This sum included interest, debt, and penalties for filing his taxes late.

In conclusion

In 2022, Todd Chrisley is expected to have a net worth of $2 million. In addition to being a self-made millionaire and real estate mogul, reality TV celebrity, and star of the show, Todd Chrisley is also a reality star. He’s been on several fronts and now runs his investment firm, Chrisley Asset Management.

The issue forced him to declare bankruptcy, and he lost almost $45 million. The high points of Todd Chrisley’s life include his acrimonious divorce, financial woes, and countless scandals. Watch this space for further information and updates.

Exit mobile version