Some Chrisley Knows Best fans may want to know if Todd Chrisley is still in debt? It may be hard to imagine, given the family’s luxurious lifestyle. Keep reading to find out what we know.
Recap Of The Chrisley’s Financial Situation
TV Shows Ace recently reports on how much money the Chrisleys make per episode of their USA Network hit show Chrisley Knows Best. The intrigue about the net worth of the Chrisleys seems to stem from the financial scrutiny Todd and Julie Chrisley have been under for several years now.
The exact dollar amount the family makes per episode is unknown for inquiring minds. According to Reality Star Facts, Savannah Chrisley’s annual contract is $250,000 for the show. So, that would mean she makes about $10,000 an episode of Chrisley Knows Best. So how is the Chrisley Knows Best patriarch Todd Chrisley doing financially?
Life and Style reports that Todd Chrisley’s net worth is actually in the negative to a tune of about – $5 million. Todd made his initial fortune nearly exclusively in real estate. However, in 2012, the former millionaire filed for bankruptcy. At that time, he claimed $4.2 million in assets and $50 million in debt. In 2013, Chrisley Asset Management filed for corporate bankruptcy.
Chrisley Knows Best Is Todd Chrisley Still In Debt?
It seems that things haven’t gotten any better for Todd Chrisley. Distractify reports that as of 2021, Todd’s net worth is still in the negative. So, how do the Chrisley’s still afford to live such a lavish lifestyle?
The simple answer is that Julie Chrisley has money. Todd’s wife’s estimated net worth is about $3 million. Robert Furr, Todd Chrisley’s attorney, says, “[Julie] has her own money. This is money that she lent him over the years for his business. It’s as simple as that.” The outlet claims that she lent him about $4 million at one point. It is speculated that the older kids bring in a lot of money with their various businesses.
— Chrisley Knows Best (@Chrisley_USA) December 3, 2021
Did you know Todd Chrisley had so much debt? Does it shock you that Julie likely lends him money? Please share your thoughts with us in the comment section below.
Don’t forget; the Chrisleys have a new time. Tune in to USA Network Thursday nights at 7:30/8:30 c for a new episode of Chrisley Knows Best.
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