Todd Chrisley is an American business owner, real estate investor, and reality TV star. Todd used to own a business called Chrisley Asset Management, but it went out of business. Then he started his own business called Chrisley & Company. It works in media, retail, entertainment, and managing assets.
He is also an actor and a producer. His credits include Sharknado 4: The 4th Awakens, The View, Steve Harvey Chrisley Knows Best, and Growing Up Chrisley.
His best-known work is the reality show Chrisley Knows Best, which shows how he and his family live. From 2015 to 2017, the show won the NATPE Reality Breakthrough award for best docusoap, and at the 22nd Critics’ Choice Awards in 2016, it was nominated for Best Unstructured Reality Series.
In 2008, there was a financial crisis, and Chrisley’s big budget had to be cut. Because of the problem, he eventually had to file for bankruptcy, which cost him $49 million.
In June 2022, Todd and his wife Julie were in the news again when they were found guilty of federal bank fraud and tax evasion charges. They were accused of using fake loans to pay for a lavish lifestyle, and they were charged with both. So, in this post, we’ll talk about Chrisley’s assets and properties, his family, his personal life, the controversies he’s been in, and his financial problems.
Todd Chrisley’s Net Worth
American businessman and reality star Todd Chrisley is worth $1.5 million. The reality show “Chrisley Knows Best” on the USA Network catapulted Todd Chrisley to fame. In the show, Mr. Chrisley and his family go about their regular routines. On April 2, 2019, a spin-off titled “Growing Up Chrisley” starring Todd’s kids Chase and Savannah debuted.
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Todd Chrisley Real Estate
Chrisley moved his family to Nashville in 2015, where there are no state income taxes. He spent $1.6 million on a house there. The Chrisleys bought a home outside of Nashville for $3.4 million in June 2019. They put the house on the market for $4.7 million just two months after they were accused of committing financial crimes.
Todd Chrisley Career
Todd Chrisley started out as a real estate investor who purchased properties. Later, he worked out a deal with “Fannie Mae” that allowed him to profitably buy and sell homes. Chrisley then founded the investment company Chrisley Asset Management. The business was founded in 2002, but due to the collapse of the real estate market in 2008, it was forced to close.
The Domenick Nati Show and Steve Harvey are just two of the television programs in which Todd Chrisley has made an appearance. His television program Chrisley Knows Best, which documents his life and family, gave him his true claim to fame. He presents himself as a demanding and strict parent who knows how to discipline his kids. 1.16 million people watched it on average when it was first broadcast in 2014.
Infinite Love, a country song by Chrisley and Sara Evans, peaked at #19 on the Billboard charts in 2016. After that, Growing Up Chrisley, a spinoff series for Chase and Savannah Chrisley was announced in 2017. Todd told US Weekly that Chrisley Knows Best is currently filming its sixth season.
Arrest and allegations of fraud
Both Todd and his spouse were taken into custody in Atlanta in August 2019 on suspicion of tax evasion, bank fraud, wire fraud, and conspiracy. Legal papers show that between 2007 and 2012, the two used loans through their company, Chrisley Asset Management, to buy and resell properties that they had previously foreclosed on.
The couple is accused of lying to financial institutions about their true wealth. In the words of the complaint, the couple “Conspired to submit false materials, such as fabricated bank statements and false personal financial statements, to financial institutions to obtain millions of dollars in loans, much of which they used for their own personal benefit.”
According to the allegations, the two also attempted to avoid paying federal taxes. However, Todd and Julie stated that the illegal actions were carried out by a former employee. By most accounts, the couple owed the Internal Revenue Service (IRS) around $2 million in back taxes. The court also required them to post $100,000 unsecured appearance bonds.
The collapse of Todd Chrisley’s real estate empire has resulted in a $45 million bankruptcy case. A trustee involved in the case claimed that Todd had hidden millions of dollars in assets under Julie’s name. In 2012, when he had $50 million in debt and only $4.2 million in assets, the former tycoon filed for bankruptcy.
Todd stated in his application that he had exactly $100 on hand and $55 in his bank account. Chrisley Asset Management also submitted a Chapter 11 petition the following year. To date, Todd has incurred $600,000 in IRS overdue fees, debts, and penalties.
Todd Chrisley is worth $1.5 million. He used to own a business called Chrisley Asset Management, but it went out of business. Todd and his wife Julie were found guilty of federal bank fraud and tax evasion charges. They were accused of using fake loans to pay for a lavish lifestyle. Todd Chrisley started out as a real estate investor.
His television show Chrisley Knows Best is currently filming its sixth season. Todd and his spouse were taken into custody in Atlanta in August 2019 on suspicion of tax evasion, bank fraud, wire fraud, and conspiracy. Todd and Julie Chrisley are accused of filing for bankruptcy. Todd Chrisley filed for bankruptcy in 2012 with $50 million in debt and only $4.2 million in assets. A trustee claims that Todd had hidden millions of dollars in assets under Julie’s name.