Articlebio

Businessman-Turned-Reality Star Todd Chrisley Was Bankrupt In 2013-How Much Is His Current Net Worth?

News by Nembang Published on 06 Sep,2018 Updated on 06 Sep,2018

Life is full of unexpected incidents. Once a successful businessman Todd Chrisley hit rock-bottom and was in a great loss. However, he didn't give up and fight his best in the difficult situation of bankruptcy. How is his professional life then after?

Known for the television series Chrisley Knows Best, Chrisley is now leading a decent professional career. How much is his net worth?   

How Much Is Todd Chrisley's Net Worth? What Are His Sources Of Income?

As per sources, the television personality Todd Chrisley has a decent net worth of $5 million. He has seen many highs and lows in his professional life. 

Chrisley has an intriguing story behind his career and net worth, once he had a huge negative net worth of more than $ 49 million. The businessman was doing an impressive job in his real estate business but all of the sudden things went wrong and his business suffered a huge loss.   

CAPTION: Television personality Todd Chrisley SOURCE: USA Network

Following the loss, he filed for chapter 7 bankruptcy in 2012 and for corporate bankruptcy in 2013 claiming he had $100 in cash, $4.2 million in total assets and nearly $49 million of debt. His company suffered a major loss when he lost its contract with the Fannie Mae (Federal National Mortgage Association) in 2012. The case was settled down in 2015.

 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 

A big thank you to everyone who helped us celebrate #CKB100! We love y'all!

A post shared by Todd Chrisley (@toddchrisley) on

Afterward the unfavorable situation in the real estate business, he started starring in the reality series Chrisley Knows Best from March 2014. The series is a documentary of the lives of Todd Chrisley's family. Currently, the series is successfully running in its 6th season on the USA Network. 

Todd Chrisley's Lifestyle And Assets

Todd Chrisley stood determinant in all the difficult situations of life and fought back rather than giving up. For his strong determination, he rose back from the rock-hard bottom and now is working hard for a better life. Thanks to his hard work and devotion, he is leading a luxurious life.

The television personality resides in a  lavish mansion in Nashville, Tennessee. He purchased the 4 bedrooms, 4 and a half bathrooms house for $1.6 million. 

CAPTION: Todd Chrisley with his wife Julie Chrisley SOURCE: From Todd Chrisley's Instagram

Besides his flourishing professional life, Chrisley is enjoying a joyous married life with his wife, Julie Chrisley. The couple is seen having good times during holidays along with their children; Chase Chrisley, Savannah Chrisley, and Grayson Chrisley

Todd Chrisley: Quick Facts

  • He was born on 6 April 1996 in Georgia.
  • His birth name is Michael Todd Chrisley.
  • He is a son of Gene Raymond Chrisley and Faye Chrisley. 
  • His star sign is Aries.
  • Previously, he was married to Teresa Terry. From the marriage, the two share two children; Lindsie Chrisley and Kyle Chrisley

Related