Todd Chrisley used to be a real estate typhoon. But he came into the media limelight via the ‘Chrisley Knows best’ which has been on air since 2014.
Todd was able to gain popularity quickly because of his looks and personality. Surprisingly he was followed for the bankruptcy case.
So, many of you wanted to know about Todd Chrisley’s earning sources and net money. Check out how he became able to earn so much money or if he is bankrupt now!
Is Todd Chrisley Rich?
Todd Chrisley is known for his ostentatious, wildly spending on nice cars and expensive clothes. This business magnate lives in a $3 million home in Nashville.
But now, he seems to be bankrupt, according to several reports. He reportedly found him in two major bankruptcy cases over the years.
In 2012 he filed for personal bankruptcy; later in 2013, his investment firm CAM filed for corporate bankruptcy! Todd seems to be reportedly in $5 million debt.
What does Todd Chrisley Do for a living?
Todd Chrisley has made his fortune through the real estate business, according to investopedia.com. But nowadays, Todd’s primary source of income seems to be his show and the sponsorship gigs.
Because he faced bankruptcy in running his business with almost $50 million debt, as reported by Distractify.
How Did Todd Chrisley Make His Money?
In episode 1 of ‘Chrisley Knows Best, ‘ Todd Chrisley claimed that the major portion of his multi-million dollar worth came from his real estate business.
He had been able to make that through hard work, patience, and strong business sense. By analyzing Todd’s business life, it seems like exact overindulgence and lack of transparency may have caused him and his company to face bankruptcy.
Todd Chrisley Net Worth 2022
Despite being bankrupt twice, Todd’s amazing charisma and talent for re-organizing his wealth have gripped the eyes of celebrity enthusiasts. Todd has been able to reduce his loan amount.
As of 2022, Todd Chrisley’s net worth seems to be minus 5 million dollars. Meanwhile, Todd and his wife Julie faced charges of conspiracy, bank fraud, wire fraud, and tax evasion. But they have worked on that very promptly.
Though many of the critics have opined that the extremely lavish lifestyle of Todd and his wife has caused the bankruptcy, according to court documents, they spent almost $300000 per year on clothes, lived in a massive 30000 square foot mansion.
According to the Daily Mail, they were always pictured next to expensive cars. Hence many critics say that they were spending money swindled from bank loans by providing false information.
There is no clear information about the crimes alleged on Todd Chrisley and his wife. What everybody knows about him is that he can make great comebacks.
But if the allegations made in 2019 turn out to be true, Chrisley is undoubtedly in huge trouble. Let’s hope for the best. Fans and followers of the Chrisley family will expect them to make themselves great again!