How did Todd Chrisley make his money? Find about his net worth
Facts of How did Todd Chrisley make his money? Find about his net worth
Todd Chrisley is one of the most prominent American entrepreneur born in Georgia, United States. You might know him as the self-styled perfect patriarch of a luxurious family and his appearances in the show "Chrisley Knows Best".
When we hear about Todd Chrisley, we come across his bankruptcy cases making us wonder about his current net worth. So, how did Todd Chrisley make his money? And what is the exact figure of his net worth? Check it out:
How much is Todd Chrisley's Net Worth?
Todd Chrisley's personality and appearance make everyone compel to think that Todd Chrisley's net worth is high as hell. And this might shock you if you come across the net worth of American reality television personality, Todd Chrisley's net worth is in minus $5 million which means he owns a debt amount of $5 million.
Chrisley might have earned his amount form his entrepreneur career. Besides this, he is also a country singer which might have been helping him to add an extra fortune to his net worth.
It is clear from his sources of income and his ways of spending and earning. Though one of the interviews, we came across to know that Todd Chrisley along with his family lives in a very extravagant house of 30,000 square foot and spends over $300 thousands on the clothes every year.
Have a look at Todd Chrisley's Bankruptcy Case
Michael Todd Chrisley or simply Todd Chrisley is an American businessman and television star and has been involved in the bankruptcy case. He filed for Chapter 7 bankruptcy case in the year 2012 with a loan of around $49.5 million.
The papers of chapter 7 uncover the value of his assets of around $4.2 million and claim that he just has $55 in a bank account with $100 in cash.
While surfed around the reason behind his bankruptcy, Chrisley’s lawyers claimed that his investment in a single project destroyed everything and had fallen in the bankruptcy case. The 2008’s housing market collapsed in such a bad way that his economic condition dropped in a severe condition.
Some sources claimed that Chrisley used to live in a 30,000 square foot Atlanta mansion that costs up to $2.4 million with his wife and five children. There are headlines that he even owes mortgages of $12 million with $4.4 million unpaid loans from his wife.
Though Chrisley has gone through several severe economic problems in the past, for now, it looks like he is maintaining a good healthy and wealthy family life.