Todd Chrisley and his family have profited greatly from their hit reality series, Chrisley Knows Best, but he didn’t earn his impressive net worth from TV.
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- How did Todd Chrisley make his money?
- What is Todd Chrisley’s net worth?
If you have been keeping up with all the drama coming from the Chrisley household, you will know that the heads of the family, Todd Chrisley, and Julie Chrisley are serving their prison sentences. They were sent to jail for a combined 19 years after the couple was found guilty of tax evasion and fraud. Chrisley Knows Best fans are familiar with the family’s lavish lifestyle, and it appeared they were raking it in even before TV stardom.
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How did Todd Chrisley make his money?
Todd Chrisley built his empire in the real estate business, which is where he made most of his fortune.
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According to Crunchbase, the 54-year-old founded his company, Chrisley Asset Management, in July 2002, in Atlanta, Georgia, where the family lived prior to their relocation to Nashville. According to the company, it was “dedicated to expediting the loss recovery liquidation of commercial and residential assets”.
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Todd also headed Chrisley & Co, the family realty business that specializes in luxury properties. Since the patriarch began his sentence, Savannah Chrisley has been the leading owner.
What is Todd Chrisley’s net worth?
If you watch Chrisley Knows Best you wouldn’t be wrong in thinking that Todd Chrisley’s net worth is in the millions considering how lavish his and his family’s lifestyle is.
However, it couldn’t be further from the truth. According to Celebrity Net Worth, Chrisley is no longer rolling in cash.
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It was once estimated that Todd Chrisley’s net worth plummeted to negative $5 million after a series of financial dips which have been the focus of a lot of speculation.
According to People, Todd’s difficulties began after a failed business investment, which put him into crippling debt of $49.4 million. He allegedly filed for Chapter 7 bankruptcy protection in August 2012.
Latest reports predict his net worth has increased to $1.5 million.
Rumors speculated that the Chrisleys would lose their Nashville homes worth a combined $9 million, but at the time of writing, neither has been listed on the market.
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