LOS ANGELES (LALATE EXCLUSIVE) – The “Chrisley & Company Department Store” of Atlanta fibs, and the net worth misleading statements of Todd Chrisley, are back tonight with a new season of Chrisley Knows Best. But where is this Chrisley and Company Department Store, what does Todd Chrisley do for a living, and where did he make his net worth from? By now Reality Show fans know that the entire genre is filled with fibs. But while Chrisley Knows Best is one of the best shows on television right now, and Todd Chrisley is a joy to watch, the show is far from reality.
The Chrisley and Company Department Store filled the entire season one storyline arch. The season started with Todd saying that he was going to be spending “his” money, a large part of his “net worth”, to open what he called a “Chrisley and Company Department Store”. In one scene, Todd heads to New York to look for samples. Then in the season finale of season one, Todd says he has inked a new location.
But what did Todd tell a court outside the confines of the show in 2012? He said that his interest in Chrisley and Company was worth $0.00. As of 2012, Todd off camera confessed that “Chrisley and Company” had no assets.
The Department store “opening” has been announced by Todd for years. First in July 2010, Todd Chrisley on his BlogSpot free website wrote “We are proud to announce the planning of Todd Chrisley Stores. Todd Chrisley Department Stores will be located in Beverly Hills California and will consist of high end inventory. Stay tuned for further updates. News and updates about Todd Chrisley stores will be located here or on the official website.”
Second, “Chrisley and Company Department Store” Atlanta was set to open in 2011. Todd, on his charity website, told news in 2011 that the department store is opening that year. “Todd Chrisley is thrilled to announce a new department store set to be unveiled in Atlanta in 2011.” His description is the same as used on the show now three years later. “Todd has always been enamored with the world of fashion. The debut store – to be opened in the chic Buckhead area – will reflect not only Todd’s couture fashion sense, but that of the exclusive metro district of Atlanta.” In fact, he promised a national rollout of the store, far before appearing on reality TV. “Within five years, new locations in Nashville and Dallas are planned as well. The Chrisley Department Store will feature luxury items in apparel, cosmetics, skin care, home furnishings, fragrances, and a host of other high-end merchandise.”
And where did Todd make his money from? It was all from Fannie Mae, according to Todd. First, Todd Chrisley and Julie Chrisley, according to Julie’s own public documents, started in 2005 Chrisley Asset Management. The Georgia based company, according to Julie, would take Fannie Mae properties and make a commission on their refurbishing. Todd’s company would “upgrade and repair the [Fannie Mae] properties”, then “sell them”, and then Chrisley Asset Management “would be paid a commission” [by Fannie Mae].” For more about “Chrisley and Company click HERE.