How much is Todd Chrisley Net Worth after facing the bankruptcy?

Michael Todd Chrisley, who is widely known for his reality TV show, “Chrisley Knows the Best”, and who faced a major loss in his real estate business is worth in negative $5 million today. Todd Chrisley is currently facing a $45 million bankruptcy case.

Early Life

Todd Chrisley was born in Georgia and raised in the South Carolina. He, however, moved to Atlanta, Georgia after his marriage with the famous TV celebrity Julie Chrisley. The couple has three children.

Advertisement

Chrisley was first married to Teresa Terry in 1996 which ended after Teresa filed a case against Chrisley for physical and mental abuse. The couple has two children.

Todd Chrisley is a self-made millionaire with no college education.

Career

Real Estate

Chrisley began his career as a real estate investor. He founded his real estate company Chrisley Asset Management in 2004. Initially, his business took up with numerous successful ventures.

He had a contract with “Fannie Mae”, that enabled him to purchase and remake distressed homes and sell them for profit. In 2012 however, the business didn’t bloom as expected and he failed to pay Fannie Mae, which led him to file for bankruptcy.

TV shows

Todd Chrisley started his reality Television Show “Chrisley Knows The best” in 2014. The show documents his luxurious life. Surprisingly, his first episode crossed over a million views, and he was immediately signed for the second season by USA network.

Currently, he is working on the sixth episode.

Chrisley has also starred in the movie Sharknado 4: The 4th Awakens which was released in 2016 and the TV series According to Chrisley.

He has guest appeared on other TV shows like Steve Harvey, Daily Pop, Steve, Extra, Hollywood Medium, Big Star Little Star, Home and Family, E! Live From the Red Carpet, Hollywood Today Live, Wendy: The Wendy Williams Show, The Domenick Nati show, Celebrity Family Feud, FabLife, The Talk, The Real, Today and The View.

He presented the 52nd Annual Academy of Country Music Awards in 2017.

Bankruptcy

In 2012, Todd Chrisley filed for bankruptcy where he claimed to be $49 million debt. In the bankruptcy petition, he also claimed to have just $100 in cash, $4.2 million in assets.

Todd Chrisley Net Worth

The net worth of the bankrupt millionaire is currently negative $5 million. Although his real estate business crashed in 2012, he continues to produce his reality show Chrisley Knows the Best.

House Properties

Despite the bankruptcy, Chrisley and his family continues to live a lavish lifestyle. He owns a luxurious 30,000 sq. ft. mansion. He also spends over $300k for his clothing annually.

The $2.4 million worth house includes a gourmet indoor kitchen along with an outdoor one, a living room spanning an entire floor, nine fireplaces, a wine cellar, grotto, a theatre, a spa bathroom, an elevator and saltwater pool. This property is however currently mortgaged.

His owns an apartment in Atlanta, Georgia which has two bedrooms, two bathrooms and 1,750 sq. ft. Condo.

Philanthropy

Chrisley has a charity group called Todd Chrisley Charity Group. The group was involved in promoting various charity events. However, the group has not been active post the bankruptcy declaration.

Conclusion

Todd Chrisley always wanted to be rich and a famous personality. He grew up in a well-to-do family and developed an interest in real estate. With success in his business, he even started to produce his reality show “Chrisley knows the Best” which shockingly was received by millions of viewers than expected.

Advertisement

In the show, Chrisley comes out as a strict father and someone who considers money as the most crucial factor in a family. He is known to focus on the luxurious lifestyle.

Though Chrisley claims that he has settled all his debts, there are rumours that he still owes money. Something to be noticed is, he continues to portray himself to lead a luxury lifestyle despite the bankruptcy. He has rubbished all the rumours with regards to his financial crisis.

Was this article helpful?
Thanks for letting us know!
Feedback
Advertisement

You May Also Like

The Businessman & Politician – Steve Bannon Net Worth is $20M

Steve Bannon, the American Media executive, a political figure and a former investment banker is worth $20 million as of 2018. Bannon is the former executive chairman of Breitbart News and also served as White House Chief Strategist in the administration of U.S President Donald Trump. Stephen Kevin Bannon was born in Norfolk, Virginia, U.S. Bannon graduated from Benedictine College Preparatory in Virginia. He then attended Virginia Tech College of Architecture and Urban Studies

The CEO of Rap-a-lot – J Prince Net Worth is a huge $45 Million

James Prince, popularly known by the name J. Prince, is the CEO of Rap-a-lot Records and also the boxing manager to some of the famous athletes. The 53-year-old businessman is worth $45 million as of 2018. After serving the music and athlete community for more than two decades, Prince is now working towards making his communities and neighbourhood a place to live in peace. Prince’s company Rap-a-lot has been in existence for over two decades now.

The ‘Fixer Upper’ Hosts Chip and Joanna Gaines Net Worth is $18M

Chip and Joanna Gaines who are widely known for appearing as hosts of HGTV’s hit series “Fixer Upper”, are together worth $18 million. Apart from being the hosts in the reality show, the couple has a series of business ventures which rakes them in millions. Chip was born in Albuquerque, New Mexico and Joanna was born in Kansas and raised in Texas. Chip and Joanna graduated from Baylor University.

Living a Rapper’s Life – ASAP Rocky Net Worth is $6 Million

ASAP Rocky, the America rapper, songwriter, record producer and an actor is worth around $6 million. Rocky who rose to fame with his mixtape Live.Love.A$AP is one of the successful rappers in America who has collaborated with several other well-established music artists. He is also a member of the hip-hop group A$AP Mob. Rakim Mayers was born in New York City in 1988. When he was 9, he moved to Pennsylvania and learned to rap from his elder brother.

Being Barack Obama’s Daughter – Malia Obama Net Worth is around $250,000

Malia Obama is one of the most adored and admired daughters of the Presidents of the U.S. The net worth of the 19-year-old is around $250k. Though Malia Obama spent almost half her life in the White House, she was brought with life values and as a regular kid. Today, she has grown up into a very ambitious girl with passion and zeal. Malia Ann Obama was born in Chicago, Illinois to the 44th President of the United States Barack Obama and the then First Lady of the United States Michelle Obama.

More Articles Like This

Share
Tweet
WhatsApp
Email
Print
More