With income from TV shows, sponsorship and real estate, Todd Chrisley has amassed a net worth of $1.5 Million as of 2022.
Todd Chrisley is an American reality TV star best known for his show ‘Chrisley Knows Best’. He is also a businessman and real estate mogul. Chrisley was born in Georgia and grew up in South Carolina.
He came from very humble beginnings and worked hard to become a successful real estate agent. Eventually, he built his own company ‘Chrisley & Company’, which operates in media, retail, entertainment and asset management. Chrisley became known to the public mostly after he launched his reality series TV ‘Chrisley Knows Best’.
The show made him a star almost overnight. The series started airing in 2014 and has aired six seasons so far. He also made a cameo appearance in the movie ‘Sharknado: The 4th Awakens’, a disaster science fiction comedy that is a parody of the popular movie ‘Star Wars: The Force Awakens’.
Today we’re going to discuss how much money Todd Chrisley has and how he builds his net worth.
At the end of this article, we will also tell you how to get rich like Todd Chrisley. So be sure to read to the end.
Todd Chrisley Net Worth 2022
Todd Chrisley has an estimated net worth of $1.5 Million in 2022. He is an American businessman, real estate agent, producer, reality star and actor. Todd’s main source of income is the show and sponsorship gigs he received in return. Also, he made his fortune in Georgia real estate, and became a multi-millionaire with his TV show ‘Chrisley Knows Best’. Chrisley made millions by successfully selling homes as the owner of Chrisley Asset Management.
In the early years, the majority of Chrisley’s fortune came from real estate. Reality star Chrisley once owned an investment firm, Chrisley Asset Management, which helped “rehabilitate and liquidate distressed commercial and residential assets,” according to Crunchbase. The company was founded in 2002, but was forced to fold in 2008 after the real estate market collapsed.
Todd Chrisley was involved in two major bankruptcy cases over the years. Chrisley Asset Management (CAM), his now-defunct investment firm, filed for bankruptcy in 2013, in addition to his personal bankruptcy after accumulating nearly $50 million in debt in 2012. When he filed for bankruptcy in 2012, he had only $4.2 million in assets, $55 in a bank account and $100 in cash. Because of his financial troubles, the Chrisleys had to cut back on their opulent lifestyle.
To calculate the net worth of Todd Chrisley, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$1.5 Million|
|Source of Wealth:||Businessperson|
Todd Chrisley Net Worth Last 5 Years
|Net Worth 2022:||$1.5 Million|
|Net Worth 2021:||$1.3 Million|
|Net Worth 2020:||$1 Million|
|Net Worth 2019:||$0.5 Million|
|Net Worth 2018:||$0.2 Million|
How Did Todd Chrisley Build His Net Worth?
Todd Chrisley’s main source of income is his TV show and real estate. He became known for the USA Network reality series “Chrisley Knows Best.” The series follows Todd Chrisley and his family in their daily activities. It premiered on April 2, 2019 as a spin-off series focusing on Chase and Savannah, Todd’s children.
Todd Chrisley is the owner of Chrisley Asset Management, a company that has been struggling for several years, despite the fact that Mr. Chrisley and his family live a very lavish lifestyle. It is part of their lifestyle to spend $300,000 a year on clothes and own a 30,000-square-foot mansion.
How Much Money Does Todd Chrisley Make From TV Show?
In his career so far, Todd Chrisley has appeared in several TV series such as ‘Steve Harvey’ and ‘The Domenick Natii Show’. However, he became a star when he launched his own show ‘Chrisley Knows Best’ in 2014. The show revolves around his life as a real estate mogul and a family man. Reviews of the show have been mostly mixed.
Tom Gliatto of the weekly magazine ‘People’ gave the show a 75% rating and a positive review, stating that it was the best family reality series since ‘Honey Boo Boo’ and ‘The Osbournes’.
Hilary Busis of the American magazine ‘Entertainment Weekly’ gave the show a mixed rating, criticizing the trite sayings and the sub-sitcom storylines. However, she praised the Chrisley crew for being very funny. The series has aired six seasons so far (as of April 2019).
Chrisley was once considered an inspirational figure because he is a self-made millionaire. In 2012, he filed for bankruptcy protection. After three years, he declared that his case was settled.
Bankruptcy Case of Todd Chrisley
Todd Chrisley is currently involved in a $45 million bankruptcy case related to a failed real estate empire.
In a recent court case, a bankruptcy trustee alleged that Todd hid millions of dollars in assets in his wife’s name. Christie’s attorney denies those allegations.
In 2012, Chrisley filed for bankruptcy, claiming to have assets of $4.2 million and debts of $50 million.
Todd claimed in the same filing that he had only $100 in cash and $55 in his checking account. In 2013, Chrisley Asset Management filed for bankruptcy.
Todd reported more than $600,000 in IRS penalties, late fees and debt on the $12 million mortgage for the Atlanta mansion. His wife, however, is said to be wealthy in her own right.
How Is Todd Chrisley’s Financial Situation?
In Episode 1 of Chrisley Knows Best, Todd Chrisley claims that his multi-million dollar fortune comes largely from his real estate business. The Atlanta Journal-Constitution reported that the 2019 indictment includes “fraudulently obtaining millions of dollars in loans,” which puts this in a dark light.
Todd Chrisley may have committed fraud, either directly or indirectly, according to the indictment. As always, however, we have no first-hand knowledge of these events. From what we know about Todd Chrisley in the 2000s and early 2010s, he appears to have amassed a substantial fortune through his now-defunct firm Chrisley Asset Management and/or other business ventures.
The show is less about disclosing numbers and more about flaunting their wealth through their expensive homes, cars and furniture. It is possible that he and his company went bankrupt because of these very spending habits.
If the 2019 legal allegations are true, at least part of the Chrisleys’ income may have consisted of unpaid taxes and fraudulent loans. On TV, they have certainly displayed an impressive lifestyle, regardless of their financial situation. They should be able to prove their denial of wrongdoing by getting to the bottom of it.
The Arrest of Todd Chrisley
On August 14, 2019, a multi-count indictment was filed in Atlanta against Todd and Julie Chrisley.
Between 2007 and 2012, they were charged with tax evasion, wire fraud, bank fraud and conspiracy.
According to the indictment, the couple made false statements to banks, defrauding themselves of millions of dollars in bank loans.
They also allegedly avoided paying federal taxes. Their accountant was also charged. Todd and Julie claimed in a social media post that the illegal acts were carried out by a former employee who stole from the family and committed the crimes without their knowledge.
Their court appearance was forced, and they posted $100,000 unsecured bail. In addition, they are not allowed to travel to Atlanta and California unless they record their show.
How Much Are Todd Chrisley’s Cars Worth?
On the show, he doesn’t show off his lavish rides, but you can see some of them on his Instagram.
His cars include a Mercedes Benz, a Range Rover, and an Audi.
The financial problems he has now are probably not a problem for him since he made a successful television franchise.
What Houses Does Todd Chrisley Own?
In 2015, Chrisley moved his family to Nashville, where there is no income tax, and bought a home for $1.6 million.
The Chrisleys bought a home near Nashville in June 2019 for $3.4 million. Two months later, the home was put on the market for $4.7 million amid allegations of financial crimes.
Todd Chrisley’s Personal Life, Wife and Family
Todd Chrisley was born on April 6, 1969, in Georgia, USA, and grew up in South Carolina. He did not reveal much about his parents and early life.
However, it is known that his family led a modest life. After high school, he did not graduate from college.
Todd was initially married to Theresa Terry. Not much is known about their relationship, but the couple eventually divorced in 1996.
He married his second wife, Julie Chrisley, on May 25, 1996, and she also became known for her appearance on the show ‘Chrisley Knows Best’. Todd has five children from his two marriages, Lindsie Chrisley Campbell, Grayson Chrisley, Chase Chrisley, Kyle Chrisley and Savannah Chrisley.
He became the subject of controversy when his first wife, Theresa, claimed he physically and emotionally abused her. He denied all the allegations.
How Much Money Does Todd Chrisley Make a Year?
According to some reports, Todd Chrisley’s annual income is over $ 300,000.
FAQs About Todd Chrisley
How rich is Todd Chrisley?
As per the record of media, Todd Chrisley’s net worth is estimated to be around $ 4 Million in 2022.
How tall is Todd Chrisley?
Todd Chrisley is 5 feet 8 inches tall.
How old is Todd Chrisley?
Todd Chrisley was born May 1, 1999, in Gifford, Florida, United States, He is 22 years old as of 2022.
What is the real name of Todd Chrisley?
His real name is Jamell Maurice Demons, he is better known by his stage name Todd Chrisley.
Favorite Todd Chrisley Quotes
“A good looking woman who has her game going isn’t looking for a scrub.”
“What happens at four o’clock in the morning, you’re reminded of nine months later.”
“Baby, I know you’re hurting and if I could take the pain away I would give it to your mom and me and you would go shopping.”
“We don’t have to agree. If I don’t like it, that’s all that matters.”
“If they have a penis, I don’t trust them.”
“Smaller or larger, they still look like ass.”
“Perfect is something you should strive to be.”
“Ignorance I can fix, stupid is forever.”
“There ain’t nothing open after midnight except legs and the ER and he’s going to stay out of both of them.”
“Find your friends at school, I’m your daddy.”
View our larger collection of the best Todd Chrisley quotes.
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How To Become Rich Like Todd Chrisley?
Todd Chrisley did not become rich by luck. To become as rich as Todd Chrisley, you have to work smart.
Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.
Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.
Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.
You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.
If you seize this golden opportunity in time, you can become as successful as Todd Chrisley one day.