Why is Todd Chrisley famous ? Is it bankruptcy, protection against a debt of $49.5 million.
Getting success and earning a huge amount is always not for everyone. Not every people who enter to Hollywood receives a grand success. But there are some people like Todd Chrisley who has now been listed as one of the famous American reality television businessman and personality.
Besides having an amazingly successful career, Todd Chrisley's net worth and sources of income are mostly searched on the internet. So, how did Chrisley earned such a huge amount? Also, know about his bankruptcy right below:
How much is Todd Chrisley's Net Worth?
If you observe Todd Chrisley's personality and appearance, then you might wonder that Todd Chrisley's net worth is high as hell. But you would be shocked to know that the net worth of American reality television personality, Todd Chrisley's net worth is in minus $5 million that means he has a debt of $5 million.
It is clear where and how earns and spends his net worth. In one of the interview, it was revealed that Todd Chrisley and his family live in a very extravagant house that spreads up to 30,000 square foot and spends over $300 thousands on the clothes every year.
Know about Todd Chrisley's Bankruptcy Case
Michael Todd Chrisley aka Todd Chrisley is an American businessman, producer, reality star, anchor, and real estate personnel who filed for Chapter 7 bankruptcy protection in the year 2012 against a debt of $49.5 million.
Sources claim that Chrisley is very conscious regarding his financial details. The papers of the chapter 7 bankruptcy reveal that the worth of his assets is around $4.2 million and owns only $55 in a bank account with $100 in cash during the bankruptcy papers were filed.
Todd Chrisley's Bankruptcy Case
His lawyers claimed that the bankruptcy papers were filed because of a single heft investment that destroyed everything. And some of the sources claim that the 2008's housing market collapse in such a bad manner that triggered his bankruptcy.
Besides having the net worth in the negative form and has a huge debt, he still seems to live a luxurious life. He still lives extravagantly and lives in $2 million worth's mansion.
Chrisley Knows Best
Before, he used to live in a 30,000 square foot Atlanta mansion with his five children and wife. The worth of the house costs over $2.4 million. The papers also revealed that he owned mortgages of around $12 million with $4.4 million unpaid loans from his wife, Julie.
Whatever the past was, now at the present time, he is maintaining a positive financial image and all thanks to his reality show, Chrisley Knows Best that features Todd's lifestyle including family.
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