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Todd Chrisley Net Worth: Is It True That He Has Negative Net Worth?

Todd Chrisley Net Worth

Todd Chrisley is an American businessman and reality television star who has a net worth of minus $5 million. He is the focus of the USA Network reality series, “Chrisley Knows Best.” The programme follows Mr. Chrisley as he goes about his daily existence. The eighth season airs in 2020. A spin-off centering on Chase and Savannah called “Growing Up Chrisley,” also on USA Network, began on April 2, 2019.

Todd Chrisley Early Life

Todd Chrisley was born on April 6, 1969, in Georgia and grew up in Westminster, South Carolina. Todd Chrisley is the patriarch of the rich Chrisley family.

Todd Chrisley Career

Todd Chrisley Net Worth

Todd Chrisley is the owner of Chrisley Asset Management, a firm that, according to court documents, has been struggling for a number of years, even as Mr. Chrisley and family continue to live a very lavish lifestyle, including owning a 30,000-square-foot mansion and spending $300,000 per year on clothes.

Todd Chrisley is now embroiled in a $45 million bankruptcy lawsuit involving a real estate enterprise that supposedly gone terribly sour. In a recent court appearance, a trustee in the bankruptcy case claimed that Todd hid millions of dollars worth of assets in his wife’s name. Chrisley’s lawyer rejects these charges.

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 document, Todd claimed to only have $100 in cash and $55 in his bank account.

Chrisley Asset Management filed for corporate bankruptcy in 2013. His mortgage on the Atlanta property was $12 million and Todd reported over $600,000 in IRS late fees, fines, and penalties. Fortunately for Todd, his wife is allegedly affluent on her own.

“Chrisley Knows” Best launched in 2014 with an eight-episode first season. Todd soon became notorious for his opulent lifestyle built on consumerism. Viewers were attracted with his irresponsible and out of control spending. Todd and his wife have vast closets of pricey designer clothing. They drive really costly automobiles. They reside in a home in Atlanta that spans 30,000 square feet. Chrisley is also likes of telling folks that his neighbours in his ultra-exclusive gated area include Usher and MLB star Chipper Jones.

Chrisley made 95 percent of his money through real estate. Todd is considered to be controlling and he has rigorous standards for parenting his children. He meticulously supervises their usage of the internet and text messaging to keep them out of trouble, and also has monitoring devices in their automobiles. In the first episode of “Chrisley Knows Best,” Todd crippled his son Chase’s automobile with a wheel clamp and steering-wheel lock after he slipped away to attend a high school football game.

In another unforgettable event, Chrisley hurled his son’s laptop into the swimming pool. Why? He intended to teach him a lesson. And should you assume these behaviours are overdone for the television cameras, Chrisley will disabuse you of this notion. In more than one interview, he has emphasised that “Chrisley Knows Best” (I mean really the name of the programme tells you all you need to know) his show is an authentic picture of his family’s life.

As of 2019, there have been 145 episodes and seven seasons of “Chrisley Knows Best.” The show is televised in the U.S. as well as in Canada, the U.K., Australia, and Asia. The show has led to a spinoff series chronicling Chase and Savannah Chrisley’s journey from Nashville to Los Angeles called “Growing Up Chrisley.” As of 2019, there have been two seasons of the spinoff.

On television, Chrisley is all about his wealthy lifestyle, especially his wardrobe of luxury clothing. However, when it came to his bankruptcy procedures, Chrisley stated that his garments were only worth $650. As you would guess, that sent up some bells with the court-appointed trustee overseeing Chrisley’s bankruptcy. An inquiry proceeded and it was determined that Chrisley’s wife Julie had received transfers from Chrisley Asset Management totalling more than $700,000.

In 2016, Chrisley recorded the country hit, “Infinite Love,” with Sara Evans, which reached at #19 on the Billboard charts.

Todd Chrisley Net Worth

In August 2017, USA Network announced that it has commissioned a half-hour after-show called According to Chrisley. The talk programme was presented by Todd Chrisley and featured Todd “tackling the truth about marriage, parenthood, sex, and relationships.” Each episode also features a member of the Chrisley family, as well as a celebrity visitor. The show premiered on September 12, 2017. It was discontinued after one season.

Todd Chrisley Personal Life

Tod Chrisley was married to Teresa Terry until 1996, but they split up soon after. They have two children, Lindsie and Kyle. They live with them. Teresa broke up with him the same year he married Julie Hughes, who was a beauty queen before she was married. They have three kids: Savannah, Chase, and Grayson. They all live with them now. Tod’s business partner and best friend is Julie. She is the daughter of a Baptist minister, and she is also Julie’s best friend.

Todd Chrisley is afraid of germs, so he tries to stay away from things like dirt and pets.

Todd Chrisley Arrest

On August 14, 2019, Todd and Julie Chrisley were arrested in Atlanta on a number of charges. Between 2007 and 2012, they were charged with tax evasion, wire fraud, bank fraud, and conspiracy, among other things.

According to the indictment, the couple ran a scam that took millions of dollars from banks by giving them false information. Another thing is that they are said to have not paid federal taxes. Their accountant was also charged with fraud.

Todd and Julie said in a social media post that a former “trusted employee” stole money from the family and did the crimes without their permission. They also didn’t know about it. Their lawyer told them they had to appear in court and pay $100,000 in unsecured bonds. They were also told not to go to Atlanta or California unless they were filming their TV show.

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