Look at lavish lifestyles – and dramatic falls – of Todd Chrisley and his family on Chrisley knows best may raise the question: who is the star who earns the most? It may come as a surprise to some that Todd doesn’t have the biggest net value among his offspring even before his conviction for fraud, his conviction and his imprisonment.
Although Todd amassed a fortune as a real estate mogul in the early 2000s, the Georgia native filed for bankruptcy in 2012. According to Forbesthe reality TV dad claimed at the time that he had $4.2 million in assets and nearly $50 million in debt.
“He secured a home loan and he failed,” Todd’s attorney said, Robert Fourrsaid People in 2014 on how his client ended up in his financial situation. “He was on the hook for $30 million. If that hadn’t happened, he would have been fine, financially.
In fact, the family’s USA Network reality show may have saved the podcast host financially when it premiered in 2014.
“I have the chance to work every day with my family. The show has been a blessing to us in so many ways,” the family patriarch said. tv guide in August 2021 “In more ways than ever, it was never a curse. I hope what people took away from this is that this family is imperfect. We go through the same things they do. »
These aren’t the only financial issues Todd has faced over the years. In August 2019, Todd and his wife, Julie Chrisley, turned themselves in for tax evasion and ended up settling. The husband and wife paid nearly $150,000 to resolve the claims and were cleared of all charges a few months later.
Chrisley knows best seems to be the main driver of income for Todd and Julie and working together has brought the already close-knit couple even closer.
“I think before the show, Todd and I both had careers, but we always stayed true to ourselves,” Julie explained to tv guide. “Our focus has always been on our marriage, our children. That hasn’t changed. Yes, I have wonderful friends, and so does Todd. Ultimately, it’s about us as a family and as that couple. If we do everything to nurture and maintain these things, we don’t have much time for anything else.
Unfortunately, Todd and Julie’s money troubles resurfaced when they were charged with 12 counts of fraud in February 2022. After the case went to trial in May, the couple were found guilty on all counts, In touch confirmed in June 2022. Todd was convicted of conspiracy to commit bank fraud, bank fraud, conspiracy to defraud the United States, and tax evasion. Julie was convicted of conspiracy to commit bank fraud, bank fraud, conspiracy to defraud the United States, tax evasion and wire fraud.
On November 21, 2022, In touch confirmed that Todd had been sentenced to 12 years in prison and Julie to seven years. The couple were ordered to pay $17.2 million in restitution, according to the New York Post. The outlet also reported that Todd and Julie may need to sell their two $9 million mansions as a result. The couple began their respective prison terms on January 17, 2023.
Keep scrolling to see which one Chrisley knows best family member has the highest net worth.