Chrisley Knows Best - Todd Chrisley - Julie Chrisley

Where Does Todd & Julie Chrisley’s Net Worth Stand After Conviction?

News, Reality TV, TLC Shows

The net worth of Todd and Julie Chrisley has been called into question as they were recently convicted for tax evasion and bank fraud. Will the IRS be seizing Todd and Julie’s assets? How much time might they spend behind bars? What happens to their children if they do go to jail? The situation has certainly left fans with a lot more questions than answers.

Todd Chrisley’s current net worth

According to Celebrity Net Worth, Todd Chrisley currently has a net worth of 1.5 million.

Julie Chrisley’s current net worth

Like her husband, Julie Chrisley also has an estimated net worth of $1.5 million.

Todd Chrisley and Julie
Todd Chrisley and Julie

How the conviction could change things

According to InTouch Weekly, Todd and Julie Chrisley’s net worth could take a drastic nose dive pending the outcome of their sentencing. As fans know, the couple is currently on house arrest as they await sentencing. They face up to 30 years behind bars. They also face pretty hefty fines and fees.

Todd Chrisley’s financial situation hasn’t exactly been great over the past decade. In 2012, Todd filed for personal bankruptcy. He claimed he only owned $4.2 million in assets and was drowning in $50 million in debt. He also claimed to have less than $200 in cash on his person and in his bank account at the time. Just a year later, Todd also filed for corporate bankruptcy.

Todd and Julie Chrisley YouTube
YouTube

Filing for bankruptcy caused Todd and Julie’s net worths to go down the tubes and be in the negatives for a while. Their success on reality TV, the family’s many business ventures, and their podcast, however, allowed the family to bring in a pretty generous amount of money. So, Todd and Julie were able to climb out of their financial black hole

Sitting pretty at $1.5 million, many suspect that their net worth may take another nose dive depending on how much money Todd and Julie are ordered to pay at their sentencing.

Their lawyer plans to appeal and fight it

Todd and Julie Chrisley’s lawyer made it clear in a statement early on that they were heartbroken by the outcome of the trial and they planned to appeal it. So, there is a lot up in the air that could change between now and then.

Todd Chrisley Julie Chrisley
Todd Chrisley Julie Chrisley

As those who listen to Todd Chrisley’s podcast know, he doesn’t hold much value in reported net worth. Todd has said that only he and his wife know what they have in their bank account and people shouldn’t allow reported net worth to hold such much value.

What are your thoughts on the current situation Todd and Julie Chrisley are in? Let us know in the comments.

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