'Chrisley Knows Best': What is Todd and Julie Chrisley' net worth after 12 federal charges and wire fraud?
Todd and Julie Chrisley were indicted for tax evasion and a laundry list of other financial crimes in August of 2019
'Chrisley Knows Best' features the affable Southern family of Todd Chrisley who commands the household with an iron fist. There's no doubts or much thought needed to be given to figure out why the show turned became popular. The generous dose of humor that each episode of this unstructured reality show carries is beyond exceptional. Season 8 had premiered sometime early this year, however, six new episodes as it's a continuation, are about to go on air soon.
Even if the show is popular for the family's happy and carefree vibes laden with sarcasm, which only makes it all the more funnier, the lives of the people who feature on it aren't easy and they have their own set of mammoth issues to deal with. For instance, Todd Chrisley, who once made millions through his work in the real estate business, is worth nothing now. His wife, Julie, too has got no money left, it's been reported. The couple also faces 12 counts of federal charges against them, court proceedings for which have been underway for some time now.
What is Julie Chrisley's net worth?
The family's matriarch, Julie, wasn't born into wealth. She grew up in South Carolina, living the simple life as the daughter of a baptist minister/mechanic and a bank teller, according to Celebrity Net Worth, She then met Todd, it was the early '90s when they crossed paths with each other. He was married with two kids, Lindsie and Kyle. His ex-wife Teresa and him separated multiple times during the course of their marriage. She also filed a case of domestic abuse against the reality TV star back then claiming in one of the reports that he "battered" her. She dropped the case later and their divorce came through in 1996. He married Julie in May 1996, who gave birth to their first child, Chase, the very next month, in June 1996. Julie's net worth is an estimated $3 million dollars.
What is Todd Chrisley's net worth?
The flashy patriarch of the Chrisley family, Todd, once threw his son's laptop in the swimming pool, and didn't break a sweat. Appearing on the show's inaugural season in fancy clothes and equally fancier cars, the Chrisley's meant business. He once boasted that he shared the same neighborhood as Usher and Chipper Jones. He had made a name for himself, establishing himself as a real estate mogul, claiming to have once said that 95% of his multi-million dollar fortune through it, according to Investopedia.com
His estimated net worth is currently -5 million dollars, according to Celebrity Net Worth. Sometime, early this decade, Todd lost all the money, and was in the middle of two major bankruptcy cases - personal and corporate. He landed 'Chrisley Knows Best' deal in 2014, however, two years before that could happen, he'd already filed for Chapter 7 citing nearly $50M in debt. His assets were valued at $4.2M. He's also claimed that he had $100 in his wallet and $55 in his checking account.
The family had plans to open Chrisley & Company, a departmental store in Atlanta, Georgia where they first resided in a 30,000 sq ft home costing $3.3M. However, he and Julie collectively decided to downsize their lifestyle as well as their home. They now resided in a small house outside of Tennessee, Nashville, the price of which still was estimated at $3.38 million. Todd justified this move saying it was essential for their family's safety as fans of the show had began showing up in droves at their Atlanta house. His mortgage on that home is $12M and he reported about $600,000 in IRS late fees, debts and penalties.
The court case
Todd and Julie Chrisley were indicted for tax evasion and a laundry list of other financial crimes in August of 2019. The list included charges like conspiracy to commit bank fraud, bank fraud, wire fraud, conspiracy to defraud the United States, and tax evasion, according to a Distractify report. IRS charged them for not filing taxes on time in 2009, 2011 and 2012. They were accused of submitting false bank statements and false personal financial statements to banks in order to receive millions of dollars in loans, all of the money was used for personal benefit by them. They owed the state of Georgia $2M in taxes that they'd failed to file between the period of 2008-2016. The tax evasion charges were dropped later but 12 federal charges still remain intact.