|Net Worth:||$-5 Million (Debt)|
|Birthday:||Apr 06, 1969|
|Age:||52 years old|
|Height:||5.8 feet (179cm)|
|Last Updated:||September, 2021|
Todd Chrisley is a business person, television personality, entrepreneur and movie producer. He was born in April 1969 in the Georgia United States although he grew up in South Carolina. As an adolescent, he was always obsessed with television. It is no surprise that he turned out to be a reality television star together with his family. He was an ambitious young man from a middle-class family but he was confident that one day he will become rich from his sense of style. Chrisley has been up and down financial and currently, he has a negative $5 million net worth.
How Did Todd Chrisley Become Rich?
Todd Chrisley was once rich at one point. In the beginning, he started as a real estate investor. He was also an entrepreneur involved in different businesses. One of the main businesses he runs is an asset management company.
He is a charismatic man who can make money using different avenues. One such avenue is through television. Together with his family, they have a television that is known for the south living lifestyle with Todd as the patriarch. His reality television show has earned him a lot of money.
Apart from being a reality television star, Todd has also tried his hands on movie production. He is the producer of Sharknado movie that was released in 2016. Although he has earned money from television and other investments, it is still believed that 95% of his income comes from real estate.
Chrisley was able to grow his wealth to $50 million but the wealth has not always been constant. Even after becoming rich, he has filed for bankruptcy two times and his wealth dropped to a point where he is currently in debt.
What Is Todd Chrisley Net Worth?
Todd Chrisley is currently in debt. He has a negative net worth of $5 million. He has lost money over the years and in 2012 he signed his first bankruptcy. During this time, he had $4.2 million in assets but his total debt was $50 million. This is what prompted him to file for bankruptcy. Fortunately, shortly he got a chance to start a family reality show with his family. The opportunity was very much welcome because it allowed him to save his financial situation.
His financial situation has also been ruined by legal issues. Together with his wife, they were arrested for fraud, tax evasion, and conspiracy. Dealing with legal issues can be expensive and the legal battles further drained his finances. He owes taxes in millions and he might not be able to get out of debt easily. Todd remains with a negative net worth in 2021 but this is not the first time he finds himself in such a situation. His income does not support the kind of life that he lives. The reality show saved his financial situation but it was not able to increase his net worth.
How Todd Chrisley Spends His Money?
Todd lives a luxurious life and this is partly why he has accumulated a lot of debt. Being a reality television star, he lives large and fans enjoy his luxurious lifestyle on television. He spends money on clothes, houses, and cars.
He lives in a luxurious house in Nashville together with his family. The house was purchased in 2019 for $ 3.4 million and was renovated to fit luxurious standards. The six-bedroom and 10-bathroom house has everything that is needed for luxury life. It has well-manicured lawns and it has a European style and feels. The interior finishes, hand-painted wallpapers, and everything is made to fit high-quality living standards.
Todd Chrisley also has a fleet of luxurious cars on his parking. He has a Mercedes Benz, a range rover, and an Audi. Todd still owns and drives these cars despite his financial situation.
Chrisley is known for his luxurious lifestyle and his money spending habits. He spends a lot of money on luxury and this includes the clothes that he wears. It was reported that together with his family, they spend up to $300,000 on clothes alone every year. This is a high budget when compared to celebrities and other personalities.
He recently bought a private yacht which is an expensive affair. In his reality television show, he invited Julie, Savannah, Chase, and Nanny Faye to the private yacht. This was a big highlight in the reality show even after reports that Todd is still in debt.
- Todd Chrisley has been married twice. He was first married to Teresa terry in 1990. The two were high school sweethearts and they got their first child when Teresa was only 19. However, the marriage only lasted for four years. Together they have two children Kylie and Lindsie. He later got married to his current wife Julie Chrisley in 1996. She is a cancer survivor and she acknowledges the role played by her husband in support.
- He has a big family of five kids. Some of the children and grandchildren live in the big six-bedroom mansion where they film the reality television show. The house is massive and has all the luxuries needed to accommodate the big family.
- Todd Chrisley thrives in controversy. He has been able to make money by drawing attention to himself. In the reality television show, he presents himself as a patriarch leading his family. Fans of the television show love and hate him in equal measure.