Todd Chrisley is one of the most popular reality television stars, a business mogul, real estate developer and a producer whose net worth in 2018 currently stands at –(negative) value.
The man who runs Chrisley Knows Best reality television series may have rose from some humble beginnings to become a self-made millionaire but his journey suffered some setbacks which includes bankruptcy and tax evasion scandals. But here is the irony of Todd’s money woes the man lives a lavish lifestyle and spends $300,000 on clothes per year! So, what the story behind the man.
Chrisley was born in 1969 in Georgia though he spent much of his childhood life in South Carolina. He grew up with his brother in a middle-class family and developed an interest in bike riding.
Chrisley is a married man and a father of five children. He tied the knot with her first wife Teresa Terry with whom they got two children and divorced in 1996. After the divorce he wedded Julie Chrisley with whom they have three children with. His daughters Savannah and Grayson are well known actors and his son too Chase.
Chrisley career wealth was built through investments. He became wealthy while he invested in Executive Asset Management LLC company that operated between 2004 and 2008. As you know he has been facing tax issues and reports conflict on when exactly his second company was founded the Chrisley and Asset Management CAM.
Chrisley Asset Management CAM company was a company that dealt with real estate business and had been registered in a number of states. Initially the company used to repossess real estate properties for financial institutions, recover and renovate any none performing assets, dealt with media, retail and entertainment. However, things dint go so well for him in 2008 when the housing market collapsed and he had a loan of $49 million that forced him to file Chapter 7 bankruptcy protection against a debt of $49.5 million.
Currently he runs a reality television show called Chrisley Knows Best that’s shows the lavish lifestyle of his children and his Miss Universe wife. The show is on its fifth season and started airing back in 2014. Apart from the show its said that he signed a deal with Broadcast Music Inc as a singer which might turn out well or failure.
Awards & Achievements: As of today, we can’t really pin point any award officially received by Todd Chrisley but here is the thing, he had nothing but built a wealth and reached a millionaire status and that itself is an achievement although his net worth figures reads a negative value.
Net Worth, Salary & Income
Todd Chrisley net worth as of today stands at – (negative) $5 million. He had built a lot of wealth with his Chrisley Asset Management CAM company that had investments in the real estate, media, retail, and asset management until the worst happened and forced his to file bankruptcy in 2012 seeking protection against a debt of $49.5 million. The hefty investments that went sour due to the housing market collapsing were the cause of his downfall. The other cause of his decline in net worth value was his malpractice of tax evasion that made him a regular visitor on the court room. However, though his net worth reads a negative value he still lives a lavish lifestyle which questions the credibility of the negative net worth value.
6 Facts You Need To Know About Todd Chrisley
If you’re a fun of Todd Chrisley reality show Chrisley Knows Best then am sure you are wondering how on earth Todd Chrisley net worth stands at a negative value. Well that’s how things are currently for the reality star however other than the multi-million-dollar bankruptcy stories what else do you think you know about him? Here are some few facts Todd Chrisley you don’t know.
1. Todd might be gay though he denies the accusations and surprisingly he has fought off the rumors many times than any other reality TV star.
2. Todd’s former sister in law Pamela Chrisley once tried to exploit money from the Chrisley family by blackmailing them about selling a story unless money was deposited in her account.
3. Todd like many other stars he once tried to jump into country music and even recorded a duet with Sara Evans the country music star but it all failed. The song is “infinite Love”.
4. His show According to Chrisley has been stuck in the production phase for about three years since not many people believed it will pick up on a high note.
5. He lied and even failed to settle Kyle’s rehab bill debt making Creative Care rehabilitation treatment center to sue him.
6. The only reason Todd wanted Chloe on his show it’s because she would portray a mixed-race show and she would improve on the demographic.
Todd Chrisley worth was not always this way and at one point he had a net worth of $30 million but business sometimes gets bad and in this case the worst happened for him. Let’s just wish him a prosperous 2018 year and see if he will regain some ground.