Todd Chrisley a Negative Millionaire

Todd Chrisley is a reality television star and American businessman with a net worth of -$5 million. “Chrisley Knows Best” is a USA Network reality show about him. Mr. Chrisley’s everyday life is depicted in the film and the eighth season will premiere in 2020. “Growing Up Chrisley,” a USA Network spin-off focusing on Chase and Savannah, premiered on April 2, 2019.

Todd Chrisley is the owner of Chrisley Asset Management, a company that has been struggling for many years.
Todd Chrisley is a reality television star and American businessman with a net worth of -$5 million.
Source: Instagram

Todd Chrisley is the owner of Chrisley Asset Management, a company that has been struggling for many years, according to court records, despite Mr. Chrisley and his family continuing to enjoy a very luxurious lifestyle, including owning a 30,000-square-foot home and spending $300,000 per year on clothing. He is reportedly embroiled in a $45 million bankruptcy case involving a failed real estate empire.

A trustee in the bankruptcy case alleges that Todd hid millions of dollars in assets in his wife’s name in a recent court hearing. Chrisley’s attorney disputes the charges. Chrisley initially declared bankruptcy in 2012, claiming $4.2 million in assets and $50 million in debt. Todd said in the same filing that he only had $100 in cash and $55 in his checking account.

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Chrisley Asset Management declared bankruptcy in 2013. Todd posted nearly $600,000 in IRS late fees, debts, and fines in addition to his $12 million mortgages on the Atlanta mansion. Todd is fortunate in that his wife is apparently affluent on her own.

Chrisley is all about his luxurious lifestyle, especially his wardrobe of designer clothes when he’s on camera. Chrisley, on the other hand, said that his clothes were only worth $650 during his bankruptcy proceedings. An investigation was launched, and it was discovered that Chrisley’s wife Julie had obtained transfers totaling more than $700,000 from Chrisley Asset Management.

Chrisley relocated his family to Nashville in 2015, where there are no state income taxes, and purchased a $1.6 million house. The Chrisleys spent $3.4 million on a home just outside of Nashville in June 2019. They put the house on the market for $4.7 million just two months later, despite their suspected financial crimes.

Todd Chrisley and his Wife’s Arrest

Todd Chrisley and Julie Chrisley were arrested in Atlanta on a multi-count indictment on August 14, 2019. Between 2007 and 2012, the allegations included tax evasion, wire fraud, bank fraud, and conspiracy. According to the indictment, the couple ran a scheme that defrauded banks out of millions of dollars by supplying false details. Furthermore, they reportedly avoided paying federal tax bills, and their accountant was arrested as well.

Todd Chrisley and Julie Chrisley ran a scheme that defrauded banks out of millions of dollars by supplying false details.
Todd Chrisley and Julie Chrisley were arrested in Atlanta on a multi-count indictment on August 14, 2019.
Source: Instagram

The couple alleged on social media that the criminal activities were carried out by a former “trusted employee” who stole from the family and committed the crimes without their knowledge. They were ordered to appear in court and post $100,000 in unsecured appearance bonds, as well as to limit their travel to Atlanta and California to only while filming their TV show.

Todd Chrisley in Chrisley Knows Best

The first season of “Chrisley Knows Best” aired in 2014, with an eight-episode run. Todd Chrisley quickly became well-known for his extravagant, materialistic lifestyle. His reckless and out-of-control spending captivated viewers. Todd and his wife have extensive collections of high-end designer clothing. They drive luxury cars and live in a 30,000-square-foot home in Atlanta.

Todd Chrisley reckless and out-of-control spending captivated viewers.
Todd Chrisley quickly became well-known for his extravagant, materialistic lifestyle.
Source: Instagram

Todd disabled his son Chase’s car with a wheel clamp and steering wheel lock in the first episode of “Chrisley Knows Best” after he snuck out to attend a high school football game. Chrisley dropped his son’s laptop into the swimming pool in another unforgettable episode to teach him a lesson. And, lest you believe these acts are exaggerated for the cameras, Chrisley will dispel that notion.

In more than one interview, he has said that his show “Chrisley Knows Best” is an accurate portrayal of his family’s life. “Chrisley Knows Best” has 145 episodes and seven seasons as of 2019. The show is transmitted in the United States, as well as Canada, the United Kingdom, Australia, and Asia.

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The show has spawned a spinoff movie, “Growing Up Chrisley,” which follows Chase and Savannah Chrisley as they relocate from Nashville to Los Angeles. There have been two seasons of the spinoff as of 2019. Chrisley and Sara Evans released the country single “Infinite Love” in 2016, which peaked at #19 on the Billboard charts.

Todd Chrisley’s Personal Information

Todd Chrisley was born in Georgia on April 6, 1969, and grew up in Westminster, South Carolina, and is the affluent Chrisley family’s patriarch.

Todd Chrisley grew up in Westminster.
Todd Chrisley was born in Georgia on April 6, 1969.
Source: Instagram

The 52-year-old was married to Teresa Terry until 1996, and they have two daughters, Lindsie and Kyle. He married former beauty pageant queen Julie Hughes the same year he divorced Teresa. Savannah, Chase, and Grayson are their three children. Julie is Todd’s business partner and best friend, as well as the daughter of a Baptist pastor.

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