How much is Todd Chrisley worth?
| Net Worth: | $1 Million |
|---|---|
| Profession: | Businessmen |
| Date of Birth: | April 6, 1969 (age 53) |
| Country: | United States of America |
| Height: | 5 ft 10 in (1.79 m) |
About Todd Chrisley
Todd Chrisley is a real estate tycoon and reality TV star known for Chrisley Knows Best, a reality show revolving around his family’s over-the-top multimillionaire lifestyle. He was born in Georgia on April 6th, 1969.
His family is (at least from the outside looking in) the picture-perfect image of a tight-knit patriarchal Southern Christian family, albeit with some quirkiness and plenty of drama. Despite going through bankruptcy twice (once personally in 2012, and then with Chrisley Asset Management in 2013) Todd’s non-stop charisma, intrigue, and talent for re-accumulating his wealth has gripped the hearts and eyes of celebrity enthusiasts across the nation.
Five years after Chrisley Knows Best first aired, on August 14, 2019, Todd Chrisley was arrested on a multi-count indictment. His wife Julie Chrisley was also implicated. They faced charges of conspiracy, bank fraud, wire fraud and tax evasion, according to NBC.
While Todd and Julie Chrisley had been seemingly living lavishly off the honest proceeds of their Asset Management firm the recent charges seem to point to tax evasion and possibly living off fraudulently acquired loans as well. They apparently spent as much as $300,000 per year on clothes, lived in a massive 30,000-square-foot mansion, according to Daily Mail, and are pictured next to expensive cars and around luxury furniture.
Based on the indictment, the accusations seem to state that at least some of the money they were spending was (allegedly) derived from bank loans by providing fraudulent information. “During the conspiracy, Todd Chrisley directed a co-conspirator to send false information to banks,” CNN reported. We don’t have any first hand knowledge about their alleged crimes, what we do know is that Todd Chrisley and fam are known for making big, bold come backs. So we’re tuned in like everyone else to see how all this pans out.
What is going on with Todd Chrisley’s financial situation?
Todd Chrisley claims in episode 1 of Chrisley Knows Best that the majority of his then multi-million dollar wealth came from his real estate business. His business sense and personality were strong enough that he was able to create wealth through genuine hard work and patience, however the 2019 charges including “fraudulently obtaining millions of dollars in loans,” reported by The Atlanta Journal-Constitution, cast this under a dimmer light.
It seems, based on the indictment, there may have been fraud conducted directly or indirectly by Todd Chrisley. But as always we have no first hand knowledge of any of this and this accusation has been denied. However based on what we can gather in the ’00s and early 2010s, Todd Chrisley seems to have earned tremendous wealth through his now defunct Chrisley Asset Management firm and/or other business ventures.
On the show, the family seems to be less concerned with disclosing numbers than displaying their wealth via their expensive home, cars and furniture. Unfortunately for him, it may have been those exact spending habits that caused him and his company to go bankrupt.
If the 2019 legal accusations are true, then at least some of the money that the Chrisley’s were living on could have actually been unpaid taxes and fraudulently acquired loans. Either way, they certainly had enough money to display an impressive lifestyle on TV.
Why is he so famous?
Chrisley took his first step into the limelight via the show Chrisley Knows Best, quickly gaining popularity for both his looks and personality. His flamboyant personality subsequently earned him guest appearances on numerous shows, including The View, The Talk, E! News, and Celebrity Family Feud.
His fame also won him two spin-off shows: According to Chrisley and Growing Up Chrisley. Though neither of those shows managed to reach the popularity of his primary show, the combined weight of his appearances have been a notable success. He appeared on his wife’s cooking show twice. On top of his TV roles, he even scored a spot in Sharknado 4: The 4th Awakens, playing himself alongside his family.
In addition to his fame, he has also been under scrutiny by the IRS and the FBI. In 2012, he filed for bankruptcy to the tune of $49.4 million in debt and with just $4.2 million in assets, according to People. Then in 2013, Todd’s company, Chrisley Asset Management, likewise went bankrupt. He managed to bounce back though with the release of Chrisley Knows Best, in 2014.
However in 2019 things all changed when he and his wife were indicted on multiple counts of conspiracy, bank fraud, wire fraud, and tax evasion, according to the indictment.
Todd Chrisley claimed they had been framed by a former disgruntled employee and pleaded not guilty according to USA Today. In the end, Todd & Julie Chrisley were both released on $100,000 bond payments.
They continue to claim innocence and naturally fans of the family and others as well are eager to find out what really happened. Their show has been renewed despite the legal problems, which only pushed the family even further into the spotlight. In many ways possibly making them far more bankable as reality TV stars than they ever had been before.
What Makes Chrisley Successful?
Todd Chrisley has a talent for drawing attention to himself in ways that often work out to be profitable. He has the image of a perfect patriarch of a perfect family. His appearance has won the hearts of many women–not to mention some men.
His good looks and flamboyant personality have drawn rumors regarding his sexuality, but he is married and in a heterosexual relationship. He has said, “I don’t believe that’s a choice that you make [being gay]. I believe that you are the way that God has made you.”
Something else positive to notice about the Chrisley’s is that they have shown a tendency to respond to jokes and rumors with good humor and laughter of their own, turning every criticism into another charming quirk and often responding with logic that shuts haters down.
He isn’t just flamboyant; he has the type of personality you can’t help but want to watch. He’s charismatic, yes, but according to his family he is also a germaphobe and a bit of a control freak. Far from making him look bad, both his positive and negative traits just make him appear interesting. There’s something irresistible about a powerful, handsome, colorful, rich man surrounded by intrigue and rumors. His salesmanship and charm helps him sell more than just houses, and much of America is eager to buy more exposure to his life.
His TV success is also multiplied by the fact that his family is nearly as interesting as he is. Of course viewers tune in to Chrisley Knows Best to see Todd’s handling of his household, but that’s far from the only reason people watch. His current wife, Julie Chrisley, enjoys cooking and even had her own cooking show, What’s Cooking With Julie Chrisley. His family has plenty of drama themselves, including son Kyle Chrisley’s struggle with drugs (via DailyMail), Kyle’s daughter Chloe (currently being raised by Todd and Julie), and son Chase Chrisley’s various escapades.
Todd Chrisley and his family have exactly the right balance of attractiveness, relatable family complexity, and exciting scandals to hold both viewers’ attention and sympathy.
Summing-Up
On the one hand you have Todd Chrisley the loving, wholesome Christian father of a large Southern family. This Todd Chrisley is a success story, a self-made multi-millionaire who has run into misfortune due to the ill will of those he once trusted. The legal trouble he is in within this version of events is due to a former disgruntled employee and Todd is innocent of the charges.
The other version of events is Todd Chrisley is a man who accumulated some of his wealth through seemingly less-than-legal means and twisted it to fund a lifestyle he couldn’t really afford. His success still relies on his considerable charm and charisma, but reveals a cunning that he doesn’t necessarily show outwardly.
The previous court documents and the lavish living look ominous but Todd Chrisley protests his innocence saying, “we have nothing to hide and have done nothing to be ashamed of. Not only do we know we’ve done nothing wrong, but we’ve got a ton of hard evidence and a bunch of corroborating witnesses that proves it.”
We will have to wait for the final verdict to be sure. One thing is for sure though – Todd and Julie Chrisley know how to turn stress into victory and have channeled their woes into weight loss making this at least a somewhat positive time in their lives.
Whichever version of events you believe, it can’t be denied that Todd naturally attracts wealth, fame, and adoration. He doesn’t waste a minute and maybe it’s true, perhaps he is out on his ear this time (we hope not). Currently as of 2023, estimates have put Todd Chrisley’s net worth at $1 million. However we believe that if anyone can turn this fate around, it’s Todd Chrisley.
