What Happened to Chrisley and Company Is Still a Mystery Among Fans
Todd Chrisley began hosting Chrisley Knows Best on USA Network in October 2017. In September 2018, he announced plans to open a department store called Chrisley and Company. However, it seems like those plans never came to fruition.
The Chrisleys opened the store in December 2016, but it closed less than three months later. They reopened it once again in July 2017, but it closed again just six months later. By August 2018, the store had been shut down for good.
Since the store’s closure, fans have wondered what happened to the merchandise inside the store, as well as the employees who worked there. There are no signs of life online about the store, and many believe that it simply went under due to financial issues.
So, what happened to Chrisley and Company?
Todd Chrisley opened up about his plans for the future of the company he founded in 2017. He told CBS This Morning host Gayle King that he wanted to open a department store in Charlotte, North Carolina, that would bear his family’s name. But since then, the plan has changed.
The show aired a special called “Chrisley & Son,” which focused on the family’s move to Atlanta and how they are dealing with the loss of their home in North Carolina. During the episode, Todd revealed that he wants to find a place in Georgia that fits his needs better.
He says he still hopes to build the store in Charlotte, but now he just wants to make sure there is enough room for everyone.
“I want to do it, I really do, but I don’t know if we’re gonna do it or not,” he admitted.
As for why he didn’t pursue the idea further during Season 2, he said it wasn’t because he lost interest. Instead, he felt like he needed to put his focus elsewhere.
“We’ve got a lot of things going on here, and I’m trying to figure out exactly what that looks like for us moving forward, and I think that’s where my attention has gone,” he shared.
The ‘Chrisley Knows Best’ star is known for working in real estate.
Todd Chrisley is best known for his role as the patriarch of the Chrisley clan on Chrisley Knows Best, a reality TV show about his life and family. But beyond being the head of a large real estate empire, Chrisley owns several small businesses, including a financial firm called Chrisley Asset Management.
While the show focuses on Todd’s personal life and relationships, the businessman has been very active off camera. In fact, he’s been building his reputation as a mogul since long before the show even launched.
In 2011, he purchased a $3 million home in Buckhead, Georgia. Then, just three years later, he bought another one — a $7.5 million mansion in the same neighborhood. And in 2017, he paid $6.2 million for a third property in the area.
He’s also built a portfolio of commercial properties over the years. As Business Insider notes, he recently sold a piece of land near the airport for $16.9 million.
And while he doesn’t necessarily make money off of the show, he does profit from the success of the franchise. Last year, Forbes reported that Chrisley Asset Management had earned around $14.1 million.
Julie and Todd Chrisley were indicted on bank fraud and tax evasion charges.
Todd and Julie Chrisley were arrested and charged with tax evasion, bank fraud and wire fraud. They are accused of defrauding lenders out of millions of dollars, including $2 million to finance a lavish lifestyle.
The couple was charged with “fraudulently obtaining millions of dollars in loan proceeds” as well as “active evasion of paying federal taxes on the income they earned.”
They were indicted on 12 federal counts, which include conspiracy to commit mail fraud, bank fraud, and aggravated identity theft.
Although they have been convicted of state crimes, they continue to film Todd and Julie Chrisley Pays More Than $144,000 in Back Taxes.
What is Todd Chrisley’s net worth?
Todd Chrisley’s net worth is probably lower than you think, according to Forbes. He owes millions in mortgage debt, and his personal assets are likely to be far smaller than what we see on camera. But despite everything, the Chrisleys remain close and loyal to each other.