How did Todd Chrisley make money?

Todd Chrisley is an American former real estate mogul and television personality who is best known for his appearance on the reality show ‘Chrisley Knows Best’ that has been airing on the USA network since 2014 having completed five seasons on air in October 2017. The show chronicles the day to day lives of the Chrisley family. He has also made appearances on popular television shows like ‘The Steve Harvey Show and ‘The Domenick Nati Show’.

Chrisley gained nationwide attention in 2013 after he filed for corporate bankruptcy that led to the closing of his real estate asset management business ‘Chrisley Asset Management LLC’ the primary subsidiary of his firm Chrisley & Company that worked with the US Federal National Mortgage Association for property refurbishment. Chrisley also filed for personal bankruptcy in 2012. He gained notoriety for being extremely secretive about the methods employed in the building and subsequent crash of his real estate empire.

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Contents

Early Life and Education

Chrisley was born on 6 April 1969 in the state of Georgia, United States of America. He is the son of his parents, mother Faye Chrisley and father Gene Raymond Chrisley who raised him as a Christian in a middle-class family in Westminster, South Carolina along with his siblings, brothers named Randy and Derrick Chrisley.

Chrisley completed his elementary education from Georgia and later attended a public high school in the city of Westminster in South Carolina. Chrisley has not disclosed any details regarding his higher education and it has been speculated that he did not attain any higher education.

How did Todd Chrisley make money?

Chrisley began his career as a real- estate agent and soon became the owner of Chrisley Asset Management LLC which was the primary subsidiary of and the real estate owned, property refurbishment firm Chrisley & Company. Chrisley’s company was contracted by the US Federal National Mortgage Association or Fannie Mae with the objective of upgrading, repairing and selling off bank-owned properties in the events of foreclosures. Although the company became hugely successful, Chrisley gained notoriety for being extremely secretive about the methods that helped him succeed. In 2012, Chrisley filled for the Chapter 7 bankruptcy protection in which he declared assets valued at $4.2 million, including $49.4 million in liabilities and approximately $100 in cash. His asset management company seized to exist after he filed for corporate bankruptcy at Georgia’s Northern Bankruptcy Court in April 2013.

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Chrisley started a second inning of his career when he was offered the USA Network reality television series “Chrisley Knows Best” in 2014. The docu-comedy is produced by All3Media America and Maverick TV and features the day-to-day lives of the Chrisleys and their children. Chrisley’s eldest son Kyle, departed from the show after the first season wrapped up, owing to personal reasons. As of October 2017, ‘Chrisley Knows Best’ has completed five seasons on air with a total of 76 episodes. Chrisley has also appeared on other TV shows like ‘The Steve Harvey Show’ and ‘The Domenick Nati Show’.

Personal Life

Chrisley has been married twice. He was first married at the age of 21, to his high school sweetheart Teresa Terry with whom he has two children, a daughter named Lindsie and a son named Kyle. The marriage lasted for 7 years until 1996 when Terrry filed for divorced citing domestic abuse.

In 1996, soon after his divorce, Chrisley married his second wife, Julie Chrisley with whom he has three children, daughter Savannah and sons Chase and Greyson. Although the couple seem perfectly happy in their married life on their reality TV show, speculation is rife that they lead separate lives off-camera. Chrisley’s son Kyle, who is estranged from his father claimed that his father is gay, although Chrisley believes that being gay “is a sin”.

Todd Chrisley – Net Worth

Chrisley, who had a net worth of $36 Million has a current estimated net worth of approximately $5 Million. Although, he owed money to the tunes of $45 Million in debt, his current net worth has come down to -$Million. The Chrisleys earn up-to $15 Million per season of ‘Chrisley knows Best’.

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