Parker Schnabel is a well-known television star best known for his work on Discovery Channel’s ‘Gold Rush’ reality series. He also worked for ‘Big Nugget Mine’ which is a family mining company.
Popular as a gold miner, of course, leading the public to wonder how much Schnabel makes money. Thankfully, this post will give you the information about Schnabel’s net worth that we’ll explain below!
What is Parker Schnabel Net Worth?
Schnabel’s net worth is approximately $8 million as of 2021. Moreover, his net worth is estimated to be around $10 million.
Of course, most of his income comes from his gold mining business. Moreover, Schnabel’s crew earns starting form $ 10,000 to $ 25,000, to name a few, Jack Hoffman makes around $ 10,000 per episode, while Chris Doumitt and John Schnabel earn $ 25,000 per episode.
In 2018, it was reported that Parker had mined over $ 13 million worth of gold since he took over his first operations – and has an estimated net worth of $ 8 million. However, by 2020, Parker’s net worth is estimated at $ 10 million. However, don’t expect Parker to waste his hard-earned money on luxury cars and homes.
In fact, in an interview with Maxim, he emphasized that he and his crew buy new equipment to improve their operation. He also said that he did not have a boat or any fancy cars or a fancy house. Instead, he only has a big expensive sandbox.
While he makes millions of dollars every season, however, it’s important to point out that he does not take home every cent. In fact, Schnabel has a sizable crew with him, though their salaries are unknown at all. He kindly emphasized that his workers make a decent living when the team finds million of dollars’ worth of gold in a single season.
Sure, fans around the world really know that Schnabel has had numerous success in the mines. Of course, all of them have accumulated into a great deal of financial success which is particularly for someone only in their 20s. When many people try to live off that money for the rest of their lives, of course he is putting it back into the ground.
As a workaholic, it’s no wonder that he bought his dream home in Alaska as well as a large, spacious house with all the modern amenities for over $ 950,000.
Although mining for gold seems like a profession which is relegated to the 1800s, however, it’s still alive and well as evidenced by Discovery Channel’s hit series, Gold Rush. Although mostly this series focuses on operations within Dawson City, Yukon, Canada, this series follows various gold mining efforts across the country.
Of course, there are a lot of ups and downs throughout the series. From the start, the viewers had a chance to watch Parker Schnabel who is trying to find riches. Since debuting in 2010, Schnabel has been in the series. He was only in a few episodes during the first season, but he quickly became a fan favorite. Schnabel was a young miner, but he was serious about digging for gold.
Although he appeared on the show at a young age, he was known to have a grumpy and violent nature, but there are still many fans who don’t know about his personal life. From photo shoots to encountering wild animals, none know what will probably happen next on the show.
Schnable took over the daily operations of the mine after graduating. When his grandfather stopped working, he actually wanted to work for him. Parker Schnabel’s name rose to fame when he starred in the Discovery Channel series ‘Gold Rush Alaska’ which debuted in 2010. He rose to fame when he tried to help the miners of Porcupine Creek.
He successfully found 1029 oz of gold when he was running his own mining operation. He also starred in the reality television series ‘Gold rush: The Dirt’ between the years 2012 to 2016. Following year, Schnabel starred in the spin-off reality TV series ‘ Gold Rush: Parker’s Trail’. Then, he has worked as a producer on all three shows. In fact, Schnabel has mined a total of $13 million worth of gold by age 24.
Schnabel was born on July 22, 1994 i n Haines, Alaska. His parents are Nancy Schnabel and Roger and he also has a brother, Payson. Since Schnabel was just five years old, he has been involved with mining. That’s because he grew up working for his grandfather John Schnabel’s mining company, Big Nugget.
Schnabel started operating heavy machinery before his feet could touch the pedals. He was still in high school when he got stardom and played on the varsity basketball team. As an ambitious explorer, Schnabel intended to focus on geology or mining studies in college, with the intention of getting back to running the family mine.
After graduating, he finally took over daily operations of the mine. He also stepped in to fill his shoes after his grandparents, John stepped down from day to day operations of the mine. Afterwards, he took the reins and led a team of miners over twice his age. Schnabel also shows he has the ability to find gold seriously.
He made the controversial decision to move away from his home mining area to seek new fortunes in the Yukon territory, instead of going to college. He actually tapped his own college trust fund to use as seed money for the operation.
Schnabel reportedly dated Australian veterinary nurse Ashley Youle. She also starred on the reality show and worked in the Klondike alongside him. Schnabel announced that two had split after two years in December 2018. Then, it was rumored that he was involved with a new love, Sheena Cowell, an assistant producer for his show.
In January 2017, Schnabel made his fans angry when he took to Facebook to announce that he would be revealing his baby to the world immediately. His post was only to twist the plot and reveal that the ‘baby’ in question was a fur baby-his new dog. That’s totally a joke, isn’t it?