Parker Schnabel's net worth is estimated at $10 million.
Overview
Parker Schnabel's net worth stats
| Net worth: | $10 million |
|---|---|
| Source of wealth: | Gold mining, reality TV |
| Date of birth: | July 22, 1994 |
| Place of birth: | Haines, Alaska |
How did Parker Schnabel build his net worth?
Parker Schnabel's impressive net worth comes from his years of hard work mining for gold and appearing on the hit TV show Gold Rush.
Born into a mining family, his beloved grandfather owned a Big Nugget mining corporation. He became passionate about mining for gold nuggets when he visited his grandfather as a youngster.
When Parker finished high school, he took over the running of the lucrative enterprise and developed a talent for finding high-quality gold.
Moving on, he used the money from his never-used college trust fund to start a mining operation in Klondike, Canada.
In 2010, Parker first appeared on the Discovery Channel, assisting clueless Porcupine Ridge miners with strategic ways to mine for gold. The show was called “Gold Rush Alaska.” From 2012 to 2016, he was in “Gold Rush: The Dirt.” He then went on to host and star in his show, “Gold Rush: Parker’s Trail,” which aired in 2017.
Parker’s background, story, and personality kept the viewers glued to their screens, and at $25,000 an episode, he was prepared to put up with a camera crew filming every little move he made to extract the gold. He also earned a tidy profit from selling the gold.
How has Parker Schnabel spent his wealth?
After a particularly lucrative “Gold Rush” season, we have to believe the man himself when he said, “We are buying new equipment to improve our operation. I don’t own a boat or any fancy cars or a fancy house. I have a big expensive sandbox instead.”
However, Schnabel’s did build a small, compact house located on an old gold mine site. It comes with a working gold mine, a mill, and an assay lab for testing the purity of the gold extractions. It’s reported he spent close to $2 million on his gold mine home.
FAQs
How rich is Parker Schnabel?
He has a net worth estimated at $10 million.
Is Parker Schnabel a millionaire?
Yes, Parker is a millionaire. In fact, the spoils of just a few weeks of mining would make him a millionaire (if there were no costs against it).
Image: Wikimedia
