Todd Chrisley is a real estate investor and entrepreneur with a variety of businesses.
Todd Chrisley is the subject of the reality show “Chrisley Knows Best,” which airs on the USA Network. Mr. Chrisley is observed as he goes about his daily activities throughout the show. He’s amassed a sizable financial balance as a result of his successful business career.
Chrisley was also a successful real estate broker in the past. However, his business failed badly, and he was forced to declare bankruptcy. Despite his career failings, he still has a family who supports him. Todd leads a lovely family with his wife of more than 20 years.
Todd Chrisley’s Net Worth
Let’s talk about Chrisley’s wealth. Is he worth a million dollars or not? He is, after all, a millionaire. However, he has faced financial difficulties in recent years as a result of several bankruptcies. For the time being, he has a net worth of -$5 million.
Chrisley and his family relocated to Nashville in 2015, where state income taxes are not levied, and acquired a $1.6 million home. In June 2019, he spent $3.4 million on a home just outside of Nashville. Despite their alleged financial transgressions, they put the house on the market for $4.7 million just two months later. Todd and his family are content as of 2021.
Todd Chrisley’s Legal Matters and Bankruptcy
On August 14, 2019, Todd and his wife, Julie Chrisley, were arrested in Atlanta on a multi-count indictment. Tax evasion, wire fraud, bank fraud, and conspiracy were among the charges leveled between 2007 and 2012.
According to the indictment, the pair reportedly orchestrated a scam in which they cheated banks of millions of dollars by providing fake information. They are also said to have avoided paying federal taxes. The indictment also includes their accountant.
The Chrisleys are embroiled in a legal battle that may land them in prison for up to 30 years if they are found guilty. Todd and Julie both approached the courtroom as non-convicts, saying that a former employee had spied on them and forgeries legal documents in their names.
According to a social media post, the illegal acts were carried out by a former “trusted employee” who stole from the family and performed the crimes without their awareness.
They were ordered to appear in court and pay $100,000 in unsecured appearance bonds. They were also warned that they would only be able to fly to Atlanta and California to tape their TV show. Chrisley declared Chapter 7 bankruptcy for the first time in 2012, citing $4.2 million in assets and $49.4 million in liabilities.
Todd declared corporate bankruptcy in 2013, after declaring personal bankruptcy in 2012. Todd’s bankruptcy was handled in 2015, and he was had to pay a pittance of $150,000 in restitution.