Parker Schnabel Just REVEALED His NET WORTH! | Gold Rush

One of the main protagonists of the reality TV series Gold Rush is Parker Schnabel, a series regular who has been in the gold mining business since his teens. Over the seasons, he has only grown in skill and experience and is currently making some of his biggest moves and taking greater risks than he ever has in the past. In this video, we will revisit and catch up to what Parker Schnabel is up to and venture a guess as to how much gold he has managed to stuff in his bank account.

The Discovery Channel has been airing a reality television show about the highs and lows of the gold mining business for 14 seasons now. The show is aptly named Gold Rush, and loyal fans have been following all the different crews and characters as they navigate their personal lives in addition to their competitive career lives, searching the rocks, dirt, and rivers of the world for precious gold. But what really draws in fans is getting to know someone and watch them grow up before their eyes. They see this type of transformation from pay dirt to gold in the most popular star, Parker Schnabel.

For 14 seasons, which amount to 13 years, they have seen him grow into an amazing leader and a skillful gold miner. Parker Schnabel’s famous 100-ounce bet played a huge role in convincing his competitor Todd Hoffman to leave the show and pursue a career in the music industry, more specifically a singing career. While it is true that many viewers are captivated by the adventure and possibilities of being a gold miner and want to tune in to see how much precious metal has been dug up out of a seemingly mundane landscape, they are also invested in seeing how much personal wealth their favorite characters have managed to make for themselves. This is why the big question remains: how much money has Parker Schnabel made throughout his reality star and gold mining career?

Before reaching an accurate guess, intensive background knowledge is needed to create a timeline and accurate estimates of this gold star’s net worth. It is important to know that Parker Schnabel has been part of the mining world since he was only 5 years old. He was born into this life and grew up casually knowing more about gold mining than some people will ever know in all their lives. His grandfather was John Schnabel, who had his own mining venture called Big Nugget. Thanks to his grandfather, Parker’s future path was all but decided. As a little boy, he was handling heavy machinery before he could even reach the pedals, an extremely dangerous action made totally casual by the culture of mining he was immersed in.

In high school, Parker was making waves as a varsity basketball player as well as in the mining scene when he was only a teen. Despite not being a grown adult, he was passionate about exploring the world and being outdoors. This led him to start thinking about what he wanted to do with his life. At the time, he had it in mind to go to college to study geology and mining. He wanted to do this and later return home to manage the family mine with a college degree and some more maturity under his belt. However, that did not end up happening as instead he started taking charge of the daily operations of the business and never ended up going to college. His life after his high school graduation was taken up by the new leadership role his elders had thrust him into.

His grandfather John had taken a step back from the company at this point, and displaying a great deal of leadership ability, Parker was able to lead a team of miners, many of whom were twice his age. It is likely that growing up as part of a mining family had seen Parker become very comfortable and confident in his environment. Parker demonstrated his talent in discovering gold deposits and decided against pursuing a higher education after all. College is meant to help students find their path in life, and Parker Schnabel was born knowing his path. He had a talent and drive to succeed. Parker boldly set forth into a venture in the Yukon Territory to pursue new opportunities. He used what would have been his college trust fund as his initial capital, bravely risking all he had on the chance of hitting gold.

His accomplishments up to this point had been out of the spotlight, but his life would change forever in 2010 when he would make his debut on the silver screen in the first season of Discovery’s show Gold Rush. He was young, only 18, but he was hungry for more. Parker was confident and self-assured of his success, as gold mining was in his blood. He gained some credibility when he helped out Todd Hoffman’s team when they were mining at Porcupine Creek. The team was made up of people who had very little, if any, mining experience, a great juxtaposition to Parker, who was in his element in the gold mining game. Incredibly, but not unexpectedly, it was Parker who uncovered over a thousand ounces of gold in the first year of running his very own mining operation.

Parker’s personality, leadership, experience, and journey have been fans’ favorite parts of the show. Without him, there might as well not even be a show. It is his youthful vigor, vision, and knowledge that keep people in their seats and ready for more seasons of Gold Rush. Now for the moment of truth: how much is Parker Schnabel’s net worth? As of 2010, it was estimated that the Gold Rush sweetheart had a net worth of around $10 million. His earnings get a small bump from the reported $25,000 paycheck per episode. At around an average of 22 episodes a season, that is a salary of over half a million dollars as a reality star alone, an adequate compensation for the extra stress and trouble of needing to live and work around a camera crew. It cannot be understated the mental toll it takes on reality personalities to suddenly be thrust into the spotlight. Add to this the very serious nature of their work and the need to also cater to a storyline and producers, and $25,000 an episode is starting to look like a paltry sum.

In addition to his television earnings, his gold mining definitely rakes in some nice profits. Parker is so adored partly because of his well-earned successes and accomplishments despite the many disasters and difficulties that strike his team in every season. It has to be said that he remains composed and determined in the face of constant pushback from the weather, the equipment, or the pay dirt. Parker never lets his crew give up. One incident that illustrates this perfectly, and is also a stunning achievement in his long mining career, is his astonishing gold yield. He has long surpassed the $30 million mark over his career. Parker Schnabel has managed to firmly establish himself as a player in the gold mining world, and all under the age of 30.

Another factor in determining Parker’s total net worth has to be his other businesses. Parker is the owner and founder of Little Flake Mining. He also inherited his grandfather’s business, Big Nugget Mine, when he passed away. On top of those businesses and his place on a television show, he also explores mining opportunities internationally, as many fans already know, as he was seen in Australia, Papua New Guinea, Ghana, and Canada, where he has recently started leasing land. All of these different streams of revenue make it difficult to account for the money flowing in and out of Schnabel’s ever-expanding pockets.

But perhaps some clues to his financial situation can be gleaned by how he uses his money. What does he do with it, and what does that say? Despite the millions of dollars he makes and all that gold he rakes in, viewers never see Parker doing anything extravagant. By all appearances, he lives very modestly, and even his legions of fans cannot seem to loosen his lips. When a rumor began traveling online about his purchase of a beautiful mansion home, he was quick to squash the rumor and claim to be homeless at the moment since he has yet to buy a proper home for himself. To this day, nobody knows anything about his home life. He is extremely protective of his personal life and finances. However, what we do see of his life does not point to any kind of vanity or reckless spending. This likely only heightens the trust others have in this still young man who nevertheless has many responsibilities on his shoulders.

What his employees, partners, and fans can see him splashing out great sums of money for are claims to gold-rich lands. Parker reinvests his money into his business, keeping his team employed and the show running strong. In essence, his wealth is on display every season of Gold Rush when he finds a new place to mine and remake his fortune, just to go even bigger the next season. To know his net worth is to watch the show and see it all at work. Subscribe to the channel if you have enjoyed it so far.