The reality TV star announced he was shutting down the department store in January 2018. The news came just months after the Chrisleys opened their second location of the chain in Atlanta. A few days later, it was revealed that Chrisley had filed for bankruptcy protection.
After the announcement, fans began wondering what happened to the store. Was there really no money left to keep it afloat? Were the Chrisleys struggling financially? Or did something else happen behind closed doors?
In May, the couple finally addressed the rumors about the fate of the store in a video posted to YouTube. In the clip, Chrisley says that while the store is still open, it won’t be expanding any further. He adds that the reason why the store shuttered was because the family didn’t want to “waste energy” trying to make things work.
“We’re gonna do everything we can to help you guys,” Chrisley tells the crowd, adding that the family wants to give back to those who supported them throughout the years.
So, what happened to Chrisley and Company?
Todd Chrisley opened up about the future of the department store he dreamed about since childhood during an interview with ET Canada. “I’m just trying to find a place,” he told host Erica Hill. “We’re looking for a location.” He added that he’d like to see the store open within five years.
The department store idea seemed to come out of nowhere for Todd, who admitted that he hadn’t thought much about it prior to the beginning of Season 1. “That was my dream growing up,” he said. “My dad always wanted to do that.” But now, it’s become a reality.
In fact, the family already has plans to expand into other ventures beyond the retail side. “You’ll see us branching out to different things,” he promised. “There are some exciting things coming down the road.”
The ‘Chrisley Knows Best’ star is known for working in real estate.
Todd Chrisley is one of those people who always seems to be busy doing something. Whether it’s building homes, managing properties, running businesses, or just being involved in some way, the entrepreneur has been very active over the years. And now, he’s taking things even further.
In 2017, Chrisley launched Chrisley Asset Management, a firm that manages investments across multiple asset classes, including real estate, commodities, and hedge funds. In addition to investing, Chrisley also serves as chairman of the board for several companies, including HomeAdvisor, a home improvement marketplace.
Julie and Todd Chrisley were indicted on bank fraud and tax evasion charges.
Todd and his wife Julie Chrisly were charged with “federal bank fraud and tax evasion” in connection with their alleged involvement in a scheme to defraud banks and obtain hundreds of thousands of dollars in fraudulent loans.
The couple allegedly obtained millions of dollars in loans and used the funds to pay off personal debts, including mortgages and credit cards.
They are accused of actively evading paying federal taxes while earning tens of millions of dollars over several years.
In addition, Todd and Julie Chrisly were indicted on state charges of filing false income tax returns for 2016 and 2017.
According to the indictment, the couple filed false W-2 forms with the Georgia Department of Revenue claiming that they had no taxable wages during those years.
However, the government alleges that they actually earned more than $1 million each year.
The pair faces up to 30 years in prison and fines of up to $5 million per count.
What is Todd Chrisley’s net worth?
Todd Chrisley is no stranger to controversy. He’s been accused of domestic violence, fraud, and tax evasion. But despite all of those things, the reality TV star still manages to remain close friends with fellow stars like Donald Trump Jr., Kim Kardashian West, and Kanye West.
Chrisley and Company hasn’t always been the most stable show on TV, but it’s clear that the family has managed to weather some pretty rough storms together. So what exactly does Todd Chrisley make each week? How much money does he really earn? And where did he get all of his money? We took a look at Todd Chrisley’s finances.
|Net Worth:||$1.5 Million|
|Date of Birth:||Apr 6, 1969 (53 years old)|
|Place of Birth:||South Carolina|
|Nationality:||United States of America|