Gold Rush and Parker Schnabel fans may be surprised to discover the star’s current net worth. Although he’s mined over $13 million worth of gold by age 24, Parker Schnabel’s net worth stands at less than expectations.
Born Parker Russell Schnabel on July 22, 1994, in Haines, Alaska, Schnabel was introduced to gold mining at five. With roots in mining thanks to his grandfather’s company, Big Nugget, Schnabel didn’t waste time. By the time most kids were learning to drive, he was already operating heavy machinery.
After high school, Schnabel had a decision to make. While he had earlier intentions to pursue college with a focus on geology or mining studies, he turned down formal education and utilized his college trust fund to establish an operation in the Yukon territory.
Starting with ‘Gold Rush Alaska‘ in 2010, Schnabel quickly rose to fame. As of this year, ‘Gold Rush’ has a run with 330 episodes over 13 seasons.
His first year in charge of his own mining operation saw Schnabel unearthing 1029 oz of gold. Besides, Schnabel’s television journey includes credits as a producer and roles in spinoffs like ‘Gold Rush: The Dirt’ and ‘Gold Rush: Parker’s Trail.’ He also purchased a mansion in Alaska worth over $950 thousand. Still, his current net worth is estimated at $8 million.
The median wage on Parker Schnabel’s crew is around $34/hour. Comparatively, Gold Rush actors can earn between $10,000 to $25,000 per episode. For context, personalities like Rick Ness, another name on the show, pull in about $25,000 for each episode they feature in.
So, Schnabel’s net worth might pale in comparison to others in the Gold Rush. For instance, Tony Beets has a net worth of $15 million, making him one of the wealthiest individuals in the gold mining reality TV circuit.