Profile
Miner and Actor on Gold Rush Television Show
#4 in Miners today
What is Parker Schnabel’s Net Worth?
Parker Schnabel has a net worth of $15 million as of 2024. He starred on the Discovery Channel reality TV show “Gold Rush”.
As per Wikipedia, Schnabel earns $100k per episode through his television shows. Forbes estimates that he is one of the richest miners in the world.
Few days ago, Parker Schnabel has bought a 30-acre property in Alaska paying $8 million. This is a huge mansion with two pools and a home theatre.
Schnabel starred in “Gold Rush,” starting in 2010 with 330 episodes by 2023. In season four, he left his family mine and mined 28 kg (60 pounds) of gold in a year. You should see Tony Beets Wealth too.
He also starred in and produced “Gold Rush: The Dirt” and “Gold Rush: Parker’s Trail”. By the time he turned 24 years old, Schnabel mined gold worth over $16 million.
Business Ventures
In addition to his mining career, Schnabel is also a successful businessman. He owns his own mining company, and he has also started a line of gold mining equipment.
Schnabel is also a popular author. He has written two books about his experiences as a gold miner: “Gold Rush: My Story” and “Parker Schnabel’s Gold Rush Alaska.” Also See Troy Landry’s Net Worth.
Career as Gold Miner
Schnabel’s family has been in the gold mining business for the past many decades. Since the time he was a kid, he visited the mines along with his family, especially his grandfather. At the age of 17, he became a full-time miner.
It is Schnabel who convinced his family to get in touch with the Discovery channel and had the initial idea of having his television show.
Even though the executives at the network did not show much interest initially, they came around later.
During the first season, Discovery allocated only a $10,000 budget per episode as they were not sure how it would turn out.
As the show progressed, so did the production budget. As of today, the network spends millions annually on paying salaries to Parker and other miners and for production and marketing.
FAQs
Parker Schnabel provides a daily wage of $300 to his employees and crew members.
Parker’s grandfather John Schnabel’s net worth is estimated to be $40 million.
Schnabel earns $4 million annually through his television shows, gold mining, and business ventures. He also earns royalties from his books.