In the glamorous world of reality television, one name has stirred both admiration and controversy: Todd Chrisley. As the star of Chrisley Knows Best alongside his wife Julie and their children, Todd has become a household name. But beyond the glitz of the small screen, questions about Todd Chrisley’s net worth linger especially after a legal scandal surrounding him and his wife Julie Chrisley broke in 2019. In this article, we examine the wealth of the Chrisleys’ patriarch, his personal life, and the legal battles he is facing right now.
Todd Chrisley’s Early Life and Family
Todd Chrisley, whose real complete name is Michael Todd Chrisley, was born on April 6, 1969, in Georgia, USA, and raised in Westminster, South Carolina, by his parents, Gene Raymond Chrisley and Faye Chrisley. He grew up alongside his two sisters, Lindsie and Kyle.
He was raised in a working-class family and had to start working at an early age to help support his family. After graduating from high school, Chrisley pursued a career in real estate and developed a strong work ethic and determination to succeed. He was a natural entrepreneur and was always looking for opportunities to make money.
Chrisley Asset Management
As an adult, Todd Chrisley’s entrepreneurial spirit led him to success in the real estate industry. In 1996, he founded Chrisley Asset Management (CAM), a full-service real estate operating (REO) company that specialized in the management and liquidation of non-performing assets, primarily on behalf of lenders and financial institutions.
CAM’s services included:
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Property Evaluation and Analysis: Assessing the value and condition of distressed properties to determine the best course of action.
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Property Preservation and Maintenance: Ensuring the security and upkeep of properties to maintain their value and prevent further deterioration.
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Marketing and Sales: Strategically marketing properties to potential buyers and maximizing their return.
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Negotiations and Closings: Handling negotiations with buyers and managing the closing process to ensure a smooth transaction.
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Title and Escrow Services: Overseeing title clearance and escrow activities to facilitate seamless property transfers.
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CAM’s expertise in REO management helped lenders and financial institutions recover maximum value from their distressed assets. The company’s services were particularly valuable during the financial crisis of 2008 when the number of non-performing assets surged.
Rise to Fame with Chrisley Knows Best
In addition to his business acumen, Todd Chrisley is also known for his charismatic personality and entertaining storytelling skills. These qualities made him a natural fit for reality television, and in 2014, Chrisley and his family were cast in the USA Network reality series Chrisley Knows Best. The show followed the opulent and often extravagant lifestyle of the Chrisley family, providing viewers with a glimpse into their world of wealth, luxury, and family dynamics.
The show ran for a total of 10 seasons from 2014 to 2023. It was filmed in Roswell and Alpharetta, suburbs of Atlanta, before moving primarily to Nashville during the fourth season.
Here are the main cast members of the reality TV series:
Todd Chrisley: The patriarch of the Chrisley family, Todd is a real estate mogul known for his flamboyant personality and lavish lifestyle. He’s often portrayed as a strict but loving father who wants the best for his family.
Julie Chrisley: Todd’s wife, Julie, is a former beauty queen and a devoted mother to their children. She’s known for her Southern charm and her ability to keep Todd grounded.
Lindsie Chrisley Campbell: Todd’s oldest daughter with ex-wife Teresa Terry, Lindsie, is a successful businesswoman and mother to one son. She has had a somewhat rocky relationship with her father over the years.
Kyle Chrisley: Todd’s oldest son with ex-wife Teresa, Kyle, is known for his laid-back personality and his love of pranks. He is a recovering addict with bipolar disorder.
Chase Chrisley: Todd and Julie’s oldest son, Chase, is a fun-loving and outgoing young man. He’s known for his entrepreneurial spirit and his love of fashion.
Savannah Chrisley: Todd and Julie’s oldest daughter, Savannah, is a smart and ambitious young woman. She’s a social media influencer and a budding businesswoman.
Grayson Chrisley: Todd and Julie’s youngest son, Grayson, is a precocious and adorable child. He’s known for his witty remarks and his love of animals.
Faye Chrisley: Todd’s mother, Faye, is a wise and supportive grandmother to the Chrisley children. She’s often seen offering advice and guidance to the family.
Chloe Chrisley: Kyle’s young daughter, Chloe is being raised by her grandparents Todd and Julie due to Kyle’s problems with substance abuse.
Chrisley Knows Best was so popular during its run that it spawned a spinoff series titled Growing Up Chrisley, which focused on the lives of Chase and Savannah Chrisley.
Todd Chrisley has released two books so far, giving his net worth a considerable bump. His two books are as follows:
Never Settle for Less (2015)
This book is a motivational guide that encourages readers to pursue their dreams and never give up on themselves. Chrisley shares personal anecdotes and insights from his own life to illustrate the importance of hard work, perseverance, and believing in oneself.
Chrisley Knows Best: What Would Daddy Do? (2016)
In this humorous and entertaining book, Chrisley offers his unique perspective on parenting, relationships, and life in general. He shares his parenting philosophy, which is based on tough love and high expectations, and provides advice on everything from raising respectful children to navigating the challenges of family life.
Chrisley’s books have been well-received by readers, and they have helped to solidify his status as a pop culture icon. His writing is engaging, relatable, and often humorous, and he has a knack for connecting with readers on a personal level. He is currently working on a third book, which is expected to be released in 2024.
What happened to Todd and Julie Chrisley?
In 2012, Todd Chrisley filed for bankruptcy, listing assets of $ 4.2 million and liabilities of $ 49.4 million. Despite his financial troubles, the Chrisleys continued to project an image of wealth on their reality TV show.
In 2019, Todd and Julie Chrisley were indicted on federal charges of bank fraud and tax evasion. The indictment alleged that the Chrisleys had obtained millions of dollars in loans through fraudulent means and had evaded taxes for years.
In June 2022, Todd Chrisley was found guilty and sentenced to 12 years in prison, while Julie Chrisley was sentenced to seven years. The couple is currently appealing their convictions. Todd reported for his sentence to Federal Prison Camp, Pensacola, while Julie reported to Federal Medical Center, Lexington.
As a result of their convictions, Chrisley Asset Management was shut down and its assets were liquidated.
What is the net worth of Todd Chrisley in 2023?
Todd Chrisley once boasted a net worth of over $ 50 million. However, according to Celebrity Net Worth, Chrisley’s net worth as of 2023 is estimated to be just around $ 1.5 million due to his filing for bankruptcy, tax evasion charges against him, and ultimately a prison sentence. Despite all these legal troubles, Chrisley still has a significant net worth. However, his and her wife Julie’s legal expenses and potential restitution payments could significantly impact his net worth in the future.