In the years 2019–2022, the case of tax fraud against American businessman, reality TV personality, and convicted celebrity Todd Chrisley and his family generated considerable media attention. The jailed former reality TV star and his wife Julie each received sentences of seven years in prison in 2022. The couple was also sentenced to three years of probation after their prison term.
Todd Chrisley Net Worth
Todd Chrisley is a wealthy American businessman, reality TV star, and ex-convict with a $1.5 million net worth. The reality series “Chrisley Knows Best” on the USA Network helped Todd Chrisley achieve widespread fame. Mr Chrisley and his family are followed on the television as they go about their regular lives. “Growing Up Chrisley,” a spin-off program that centres on Todd’s kids Chase and Savannah, debuted on April 2, 2019.
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Why Did Todd Chrisley Relocate His Family To Nashville?
In 2015, it was observed that Todd Chrisley moved with his family to Nashville to a $1.6 million property. Subsequently, he bought a $3.4 million mansion outside of Nashville. In the course of the trial, the family sold two residences for a combined $4.7 million, bringing the total restitution sum to $9 million.
Why Did Todd Chrisley Initially File for Bankruptcy in 2012?
Additionally, Todd Chrisley’s real estate business was once involved in a $45 million bankruptcy dispute. A trustee in the bankruptcy case asserted in court that Todd concealed assets worth millions of dollars under his wife’s name. These claims were refuted by Chrisley’s attorney.
When Todd Chrisley initially filed for bankruptcy in 2012, he stated that he owed $50 million in debt and had $4.2 million in assets. Todd stated that he only had $100 in cash and $55 in his checking account in the same file. In 2013, Chrisley Asset Management declared business bankruptcy. The $12 million mortgage Todd had on the Atlanta property came with over $600,000 in IRS debts, penalties, and late fees.
How much did reality TV star Todd Chrisley make?
Reality stars of the Chrisley calibre make, per Insider’s estimates, anywhere from $30,000 to $10 million per season, depending on the size of their involvement. Todd Chrisley was also involved with the sequel show Growing Up Chrisley, which stars the Chrisley children Chase and Savannah. In addition, E! was working on a dating series called Love Limo.
However, the reality tv dynasty was destroyed because of their beliefs. Chrisley Knows Best can no longer be produced now that the Chrisley family is behind bars. Given that Chase and Savannah’s parents are in prison, the tone of Growing Up Chrisley would have to change significantly. They’ve both been called off. And Vulture is reporting that the reality dating show Love Limo, which would have been hosted and produced by Todd Chrisley, won’t continue in development.
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