What Does Todd Chrisley Actually Do For A Living?
Mia Smith Chrisley made the majority of his fortune in real estate. The reality star previously owned an investment firm, Chrisley Asset Management, which expedited "the loss recovery and liquidation of non-performing commercial and residential assets," according to Crunchbase, which notes it was founded in 2002 but folded in 2008 following the collapse of the property market. Just a couple years before Chrisley Knows Best premiered, the businessman filed for bankruptcy after amassing close to $50 million in debt (via Forbes).
"He guaranteed a real estate development loan and it failed," his attorney, Robert Furr, told People at the time. "He was on the hook for $30 million. If he hadn't had that happen, he would have been fine, financially." As Distractify notes, there were plans to open a department store called Chrisley & Co. in Atlanta, but they crumbled in the face of the family's mounting debts. As a result, they were forced to curb their extravagant lifestyle.