Net Worth Ranker
What Is Julie Chrisley’s Net Worth?
Julie Chrisley, an American reality television personality, faces significant financial challenges. Her current net worth is estimated to be -$18 million. This negative net worth stems largely from legal judgments against her and her husband, Todd Chrisley, related to tax evasion and fraud convictions. As part of their sentencing, Julie and Todd were ordered to pay $17 million in restitution to the banks they defrauded.
Details of the Fraud and Legal Repercussions
Julie Chrisley’s fame arose from the reality TV series “Chrisley Knows Best,” which aired on the USA Network from 2014 to 2023. The show chronicled the lives of Julie, Todd, and their five children. However, their public image took a severe hit in 2022 when they were convicted on multiple counts of tax evasion and fraud.
The legal proceedings revealed a complex scheme involving falsified documents and misrepresentation of their financial status to secure loans. On November 21, 2022, Julie Chrisley received a seven-year prison sentence directly linked to these convictions, while Todd Chrisley was sentenced to 12 years. These sentences, combined with the substantial restitution order, have significantly impacted Julie Chrisley’s net worth.
Early Life and Career
Julie Chrisley’s early life was markedly different from the affluent lifestyle portrayed on television. She grew up in Winchester, South Carolina, as the daughter of a Baptist minister/mechanic and a bank teller. Julie also had a brother who reportedly committed suicide a the age of 25. Her upbringing was modest, residing in a trailer in South Carolina, far removed from the luxury and wealth that would later define her public image.
Julie Chrisley’s career took a turn when she became involved with Todd Chrisley, a successful real estate broker, in the early 1990s. At the time, Todd was married and had two children. Shortly after Julie and Todd married, Julie gave birth to their first child together, a son named Chase. Todd Chrisley’s real estate ventures were initially successful, reportedly generating millions of dollars. However, mounting debts eventually led him to file for bankruptcy. At one point, he allegedly owed banks around $49 million.
Julie Chrisley’s net worth has been significantly affected by her legal troubles. Despite her endeavors in television and cooking, including starring in “What’s Cooking with Julie Chrisley” on the USA Network, these ventures have not been sufficient to offset the financial consequences of her convictions.
Family and Relationships
Julie and Todd Chrisley have a blended family of five children. Lindsie Chrisley Campbell is Todd’s oldest daughter with ex-wife Teresa. Lindsie met Will Campbell in 2009, then she eloped with him in 2012 without getting her father’s approval, which forced them into an estranged relationship. After a tumultuous few years, they reconciled in 2016. Lindsie made her final appearance on the show in season five. According to her attorney, “Lindsie has been a constant target of lies, harassment and threats from her family and as a result, has been distancing herself from the Chrisley family since 2017.” Kyle Chrisley is Todd’s oldest son with Teresa. He is a recovering addict who suffers from bipolar disorder. He appeared in the first season of “Chrisley Knows Best” before getting involved with drugs again and has only been mentioned once since then, in the second season. He announced in 2019 that he is once again sober. His daughter, Chloe, often appears on the show as she is being raised by her grandparents. Chase Chrisley is Todd and Julie’s oldest son, who is often depicted engaging in get-rich-quick schemes. Savannah Chrisley, Todd and Julie’s oldest daughter, is a former beauty pageant competitor who won the Miss Tennessee Teen USA title in 2016. Savannah founded SASSY, a cosmetics company that debuted on HSN. Other individuals featured on “Chrisley Knows Best” include Todd’s mother, “Nanny” Faye Chrisley. She enjoys gambling and drinking and is often annoyed by Todd’s frequent interference with her plans in an effort to protect her and keep her out of trouble.
Details of the Fraudulent Activities
In August 2019, Todd and Julie Chrisley were arrested in Atlanta on a multi-count indictment that significantly impacted Julie Chrisley’s net worth. The initial charges included tax evasion, wire fraud, bank fraud, and conspiracy. The indictment alleged that between approximately 2007 and 2012, Todd and Julie used Chrisley Asset Management to seek bank loans for buying and selling foreclosed properties. Prosecutors claimed that the couple provided false information to secure these loans, inflating their net worth to deceive financial institutions.
Specifically, the indictment stated that Todd and Julie conspired to submit false materials, such as fabricated bank statements and false personal financial statements, to obtain millions of dollars in loans, which they then used for their own personal benefit. For instance, in November 2007, they allegedly presented a bank with a fabricated financial statement. According to the indictment, a co-conspirator (an employee working for the Chrisleys) sent Todd and Julie a fabricated bank statement showing that they had $776,509.52 on deposit at Merrill Lynch. Todd Chrisley responded by instructing the co-conspirator to “make it show 4 mil+.” In reality, the couple did not have a Merrill Lynch bank account at that time. When they opened one a year later, it never contained more than $17,000.
Furthermore, Todd and Julie allegedly dodged federal tax bills. Their accountant was also indicted. The couple initially claimed that a former “trusted employee” was responsible for the illegal acts, asserting that this employee stole from the family and carried out the crimes without their knowledge. However, they were subsequently forced to appear in court and post $100,000 in unsecured appearance bonds. Their travel was restricted to Atlanta and California for TV show tapings only.
In February 2022, a new indictment was filed, which further implicated Julie Chrisley and negatively affected her net worth. In addition to the previous charges of submitting fake documents when applying for loans, the indictment accused the couple of using a film production company to hide $2 million worth of unpaid taxes owed to the IRS. This tax bill was allegedly related to earnings from their TV show, which they concealed in a production company called 7C’s Productions. In this updated indictment, Todd and Julie were both charged with one count of conspiracy to commit bank fraud, one count of conspiracy to defraud the United States, one count of tax fraud, and five counts of bank fraud. They pleaded not guilty, but their federal criminal trial commenced in May 2022, leading to their conviction.
Real Estate Holdings
In 2016, the Chrisleys purchased a Nashville home for $1.6 million. In June 2019, they acquired a $3.4 million home outside of Nashville. However, amid their financial crimes allegations, they were compelled to put the house up for sale just two months later, initially asking for $4.7 million. The legal and financial implications of their fraudulent activities have significantly decreased Julie Chrisley’s net worth.
