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Chrisley Knows Best: Todd Chrisley Net Worth, Bankruptcy Sparks Debate

Chrisley Knows Best: Todd Chrisley Net Worth, Bankruptcy Sparks Debate


LOS ANGELES (LALATE) – Chrisley Knows Best is prompting debate if Todd Chrisley’s net worth is being twisted for reality television viewers. In a show that is all about money and work, how rich is Todd Chrisley, what does Todd Chrisley do for a living, what is Chrisley’s net worth, and where did he make all his money from?

Todd Chrisley and Julie Chrisley tell viewers that a Chrisley and Company Department Store is the future multi-million dollar project that will convey the family’s “brand”. That family includes Savannah Chrisley, Chase Chrisley and other children Lindsie, Kyle and Grayson.

Todd Chrisley tells Chrisley Knows Best viewers that he makes millions of dollars per year. But Todd’s bankruptcy trustee claims that Todd allegedly does not even work. Even worse, Todd’s attorney claims that his client has doesn’t have millions of dollars in the bank. Rather, his total cash net worth of checking and bank accounts is allegedly one hundred fifty-five dollars ($155.00)?

Chrisley Knows Best has become more about what we are not told about Todd Chrisley than what we are told. First, what does Todd do for a living? Viewers see very little of his employment. Rather we hear more than see it. “I have made 95% of my money in real estate”. The vague statement is followed up with the reality TV catchphrase viewers have grown to dislike; Todd Chrisley is working on his “brand”, his “lifestyle brand”.

Todd tells news “and I am now going to be able to … have a life in fashion. This is my closet. Things are organized by season. In a year we spend $300,000 in clothing. Chrisley and Company is a department store that we are branding after our family. … it is not just apparel, it is a lifestyle brand.”

Second, what is Todd Chrisley’s net worth, how rich is he, and how much money does he make per year? First he says “I love my businesses” (plural). But what are they? Then he adds “I make millions of dollars a year”. But doing what? Third, we are told of his future spending limits. “The building is for sale for $4.5 million. We are investing 35% of our net worth in this business.” And finally as to his oldest son he says “I have spent a million dollars to have find yourself.” The cash register for Todd Chrisley keeps on ringing. But much of this is even real?

Does Todd Chrisley make two million dollars per year working? No, claims Jason Pettie. Who is Pettie? He is Todd Chrisley’s bankruptcy trustee. Even worse Pettie claims “Neither [Chrisley nor his wife, Julie] has been employed since 2012,” Does Todd Chrisley have thirty-five percent of his net worth to invest in a department store? According to Todd Chrisley’s attorney, Todd has $55 in a checking account and $100 in cash. How about that three hundred thousand dollars in clothing spending per year? Chrisley allegedly owes the IRS nearly six hundred thousand dollars in unpaid federal taxes.

And it’s even worse. Chrisley claims that he has allegedly $4.2 million in assets. It remains unclear where those assets are. His mansion featured on the show was listed previously at more than that price. But it is now for sale for around two million dollars. Chrisley has twelve million dollars in mortgages. And added to all this, Chrisley has filed for bankruptcy. In total, Todd Chrisley claims $155 in cash, $4.2 million in assets, and $49.4 million in debt.

4 Comments

  1. Jo thatsalluneed2know

    December 28, 2014 at 1:56 pm

    I don’t care about their net worth. The show is crazy funny. The teens crack me up. I adore Julie. Todd, have to love his quotes, cliches, and stern attitude as far as the teens go. Just keep up the show antics. Cheers to 2015.. Good Luck!!

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