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Parker Schnabel Net Worth — Check Out His Salary and Earnings from 'Gold Rush'

Bran Published On Fri Mar 20 2020   Modified On Wed May 04 2022
Parker Schnabel Net Worth — Check Out His Salary and Earnings from 'Gold Rush'

'Gold Rush' star Parker Schnabel made a name for himself from the reality show, but what about his wealth? Find out all the details about his net worth right here.

Alaska-born Parker Schnabel is an American gold miner who rose to prominence after being part of Discovery Channel's reality TV series, Gold Rush. He was previously dating his ex-girlfriend Ashley Youle

Born in Alaska to parents Roger Schnabel and Nancy Schnabel, Parker always seemed to have a thing for gold mining. It might be because Schnabel used to spend his childhood summer's in his Big Nugget Mine, which belonged to his grandfather. Surprisingly he took control of the entire factory at the mere age of 16

Parker Schnabel Is A Multi-Millionaire

Yes, you heard it right; miner Parker Schnabel is a multi-millionaire. Considering the young age he took over his grandfather's mine, the 27-year-old owns a staggering net worth of $8 million, as per Celebrity Net Worth.

Peter Schnabel owns a staggering net worth of $8 million.

Peter Schnabel owns a staggering net worth of $8 million.
Photo Source: Instagram

The primary source of Schnabel's wealth undoubtedly is quite transparent as the gold he mines. He burnt the midnight oil in a consistent manner, which resulted in the massive success of his firm in the last few years. 

Also, See: The Net Worth Sources of RHONJ's Melissa Gorga.

In the first year itself, the Parker crew mined 34 oz gold valued at $55,000. In the last two seasons, his firm finished with 6,280 and 7,427 ounces of gold, valued at around $7.5 million and $9 million, respectively. Gold Rush recently completed its tenth season, with its final episode airing on March 6, 2020, and a record total of $10 million worth in gold.

Parker Schnabel's Earnings From Gold Rush

Originally from a gold-digger family, quite literally, Parker Schnabel became a Gold Rush star with over eight years in the show. Although the show offers a global platform with the contestants incentives and exposure, they also pay a certain sum in exchange for their appearance on television. 

Parker Schnabel earns around $25,000 on every episode of Gold Rush.

Parker Schnabel earns around $25,000 on every episode of Gold Rush.
Photo Source: Instagram

Parker, who happened to lose his girlfriend Ashley Youle, possibly due to all the media pressure and hype around him, makes around $25,000 per episode on the show. From the show itself, he earns $500,000 every year, leave alone his earnings from the mining.

Parker Does Not Prefer Fancy Cars or House

Now, that's a shocker. Contrary to many millionaires, Parker Schnabel does not prefer to spend his hard-earned money on a luxury car or a massive villa. The Gold Rush star displays his business expertise instead, as he reinvests his income instead of making the extra expenditure.

I don't own a boat or any fancy cars or a fancy house. We made some money this season, but it's going right back into the ground.

Parker Schnabel does not spend his money on big houses or fancy cars.

Parker Schnabel does not spend his money on big houses or fancy cars.
Photo Source: Instagram

Schnabel and his crew mean complete business as they segregate the specific sum of their earnings to buy new pieces of equipment to improve their efficiency. And he doesn't need the fancy items, presumably because he spends most of his time of the year in the middle of nowhere in search of gold.

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