Grab all the details you need to know about the net worth of the reality star Todd Chrisley.
Todd Chrisley is best known for his hit USA Network reality show, 'Chrisley Knows Best.' Besides working on a reality show, he is also a real estate mogul and aspiring fashion icon. The reality series revolves around the lives of Chrisley and his Christian family.
Chrisley is a real estate mogul in Georgia and has been a self-made millionaire and entrepreneur. But how much wealth has the reality star made over the years? Below, we discuss and analyze the earnings and net worth of Todd Chrisley.
According to Celebrity Net Worth, Todd Chrisley holds an estimated net worth of -$5 million as of May 2020. The negative five million dollars is due to massive debt the reality star's been in due to some severe failures in his businesses. Todd had made 95% of fortune in real estate.
Todd Chrisley holds an estimated net worth of -$5 million.
Source: USA Network
As a businessman, Todd Chrisley is the owner of Chrisley Asset Management, a firm that, according to court documents, has been struggling for several years. However, Todd and his family do not have difficulty in living a lavish lifestyle as according to a source, they own a 30,000 square foot mansion and spend $300,000 per year on clothes. Todd is currently in a $45 million bankruptcy case due to a failed real estate business. He has even been accused of hiding millions of dollars worth of assets in his wife's name by a trustee in the bankruptcy case. His lawyer, however, has denied the allegations.
In 2012, Todd Chrisley filed for bankruptcy claiming $50 million of debt with only $4.2 million in assets remaining. At the same time, he also claimed to only have $100 in cash and $55 in his checking account. His company, Chrisley Asset Management, filed for corporate bankruptcy in 2013. Besides, Todd has a $12 million mortgage on the Atlanta mansion and $600,000 in IRS late fees, debts, and penalties. His rich wife has been an enormous help to the reality star financially from the substantial debt he's been.
Todd Chrisley and his wife had bought a house in Tennessee for $3.4 million, but they put the house on sale just two months later. They put their freshly re-decorated Tennessee mansion back on the market with an asking price of $4.7 million.
Todd Chrisley put his $3.4 million Tennessee mansion for $4.7 million.
The house consists of 14,000 square feet of finely detailed traditional interiors, and the property is spread over 13,270 square feet. The house has six bedrooms and six full and four half bathrooms.
Other features include a catering kitchen, two deluxe laundry rooms, four fireplaces; garage parking for eight cars; a vast cedar closet for out of season clothing storage; and a hardwood-floored indoor sport court. Outside there's also a outdoor living room, a circular spa, and a free-form, lagoon-style swimming pool.
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