Who Is Parker Schnabel From Gold Rush? – All About His House, Net Worth & Girlfriend

Parker Schnabel is a young American gold miner best known for his appearances on the popular reality series Gold Rush Alaska on the Discovery Channel and its affiliates.

Although he may be Gold Rush’s youngest cast member, Schnabel’s huge fan base on the show has earned him one of the highest pay of about $10,000 per episode and with the show having about 23 episodes per season, his major salary per seasons is worth over $230,000. His massive success in the mining industry can be attributed to his understanding of dirt and also his family history.

How His Lineage Elevated His Career

Parker Schnabel was born on July 23, 1994, in Haines, to the family of Roger and Nancy Schnabel. Mining was Schnabel’s family business through their company called Big Nugget.

Born and raised in one of the United States’ smallest towns, Haines, in Alaska, Parker grew up with a flair for gold and as a child, he got himself involved in the mining industry and continued with his grandfather, John’s legacy.

His grandfather was the former mayor of Haines, Alaska, a legendary American miner, and a TV star, as well as a major shareholder in the Big Nugget Mine. John Schnabel was born in 1920 to a wheat farmer in Kansas, United States. He died in his sleep on March 18, 2016, at the age of 96 years.

Before his death, John handed over the family business to his grandson Paker in 2011, due to his failing health but after he left the mine to start his own business, John returned to the company and managed it until his death. He was estimated to have a net worth of about $5 million while in his 90’s. He married Erma Dire who died in 2016 at the age of 87. The couple had five children and several grandchildren.

Parker Schnabel Begins To Work in His Family Company

Parker successfully managed his family business, combining it with his other investments and fortune. Though he is not a native to larger metropolitan areas, he lived a quiet and ordinary life and dedicatedly spent his life working the Big Nugget mine.

READ   Kandi Burruss - Net Worth in 2020, Age & Kids

Instead of getting more education, he used his college fund to set up his own mining operation and as fortune was on his side, he found a huge piece of gold with an impressive measurement of about 1,029 ounces. The gold was worth a total of $1.4 million in his rookie season in the Klondike. This made him the head of a team of miners who were at that time twice his age.

The Launch Of His TV Career

At the age of 16, Parker was already successful in his mining business. This culminated in his appearance in the reality show Gold Rush – airing on Discovery Channel. As the show progresses, Parker became one of the famous TV characters, thanks to his excellent skills all through the series of the show.

Gold Rush remains the Discovery Channel’s breakout hit. After 8 seasons, the show’s cast commands some of the highest salaries on reality television. In fact, the show is now the network’s highest-rated series. While doing this, Parker continued to find different sizes of gold. In the last season, he pulled out gold worth almost 3.7 million dollars.

Money He Has Earned Thus Far

Parker Schnabel
Parker with Grandpa John and parents image source

Parker Schnabel’s wealth ambitions are high for his age. He understands the concept of money-making and he is always ready to take risks. Luckily for him, these risks pay off. In one season of Gold Rush, he was able to rake in over $1 million. This continued to increase as the series progresses.

In 2018, there were reports that Parker has mined over $13 million worth of gold since he began his first operation. It was also noted that he had a net worth of about $8 million. The famous gold miner was estimated at $10 million as of 2020.

How Parker Schnabel Spends His Fortune

Although he is earning a huge sum from his mining business and role in the reality show, he is not extravagant. Instead, he carefully invests when the need arises. He doesn’t own a boat, fancy cars, or a fancy house but he has a big expensive sandbox. He is known to invest everything he earns back into his mining operations.

READ   Howard Stern - Net Worth in 2020 & Family Members
READ   All The Fun Facts About Whitney Sudler-Smith's Career and Personal Life

Some of the expenses he incurs include fueling up his cornucopia of big trucks (excavators, slices, and dump trucks)  which takes up to $2 million. He has also spent $1.2 million for a Caterpillar bulldozer which may require new parts during one of its seasons.

Recently, he invested a huge sum of $600,000 to build a customized wash plant that will help to speed up his mining work. One time, he noted after mining 4,311 ounces in one season that he was going to spend everything on buying new equipment to improve their operation. He also travels wild in search of fortunes which means more expenditure.

Parker also pays his crew or workers hourly with his main team receiving yearly pay in addition to some bonus. But these amounts are not known.

He Seems To Have An Admirable Romantic Life

Paker with Ashley Youle image source

Parker is not known to be married. He has remained engrossed in his mining business and had said during an interview with a private media in 2016, that he wasn’t ready to settle down and get married. But in the past, he’s been alleged to be in a relationship with a young Australian girl, Ashley Youle who he seemed to be in love with. The 5 feet 9 inches tall young chap refused to make mention of this affair publicly and seemed to have managed in keeping it low profile.

But recently, during the shootings for the latest season of Gold Rush in Australia where he explored abandoned mines of the country, he sparked romance rumours with his new co-star, Tyler Mahoney. This was after viewers of the show noticed the undeniable chemistry between him and the new lady.

Just like him, Tyler searches shiny gold nuggets and also comes from a family with a long mining history. Specifically, she is the fourth generation of such a family in Australia.

But similar to his other alleged relationship, there’s no confirmation from the two parties and Parker prefers it if people focus on his work rather than his personal life.

Chuck Dez
Chuck is a personal finance and entertainment writer with over 15 years of experience covering famous biographies, personal finance, celebrity net worth, and celebrity lifestyles. He loves the process of researching new information, discovering and learning new things, as well as putting into words, interesting things others might like to read. When he's not talking about the future of media, business or entertainment, you'll find him watching films, reading or spending time with his wife and kids


Donald Trump – Age, Family & Net Worth in 2020 – Biography

Donald Trump is a real estate mogul who has been in the entertainment scenes for more than a decade. Trump began surfacing on the...

A Timeline Of John Cena’s Relationships, Net Worth and Family Details

John Cena is one of the most popular WWE personalities. He is known for his incredible performances in the ring and the many achievements...

Leonardo Dicaprio – Net Worth in 2020, Age & Parents

What is Leonardo Dicaprio's net worth? Movie stars don’t come any bigger than Leonardo DiCaprio. Unarguably most famous for his portrayal of the young dashing...

Khloe Kardashian – Age, Business Earnings & Body Measurements

American Television personality and entrepreneur Khloe Kardashian has made most of her fortune from her family's reality TV show Keeping Up With The Kardashians....

Snoop Dogg – Net Worth in 2020, Family & Friendship With Martha Stewart

What is Snoop Dogg's net worth? Snoop Dogg is an American rapper, actor, entertainer, film director, and record producer, famed for his work in the...

Kendall Jenner – Net Worth, Boyfriend & Relationship With Harry Styles

What is Kendall Jenner's net worth? Kendall Jenner is one of the most famous people in the world right now. While still in her teens,...

Tyga – Net Worth in 2020, Relationship With Kylie Jenner & Blac Chyna

What is Tyga's net worth? Tyga is one of the uniquely talented rappers in the international music scene. In 2017, the star and media personality...

More From Justrichest

Inside Jay Leno’s Massive Car Collection, Net Worth & Family Life

Jay Leno is without doubt, one of the finest and most mature entertainers America has ever produced. A multiple award-winning stand-up comedian, writer, TV...

12 Biggest and Most Expensive Homes of Extravagant Footballers In 2020

The huge and decent earnings of footballers grant them the audacity to exemplify lavish spending and also enable them to sustain every aspect of...

Jessica Nigri Net Worth: How Much Money Does The Cosplayer Make?

Jessica Nigri is a well-known American cosplayer. For the benefit of those who don’t know, Cosplay is derived from the words costume and play....

20 Strongest and Most Powerful Currencies in The World (Updated 2020)

According to World Atlas, there are 180 currencies in circulation that are recognized by the United Nations across the wide world and these are...

Featured Today

Jac Collinsworth – Wiki & Facts About The TV Personality

Jac Collinsworth is a very talented sports reporter with ESPN. Jac comes from a family of prominent sportsmen as his father and brother were...

Puzzling Facts About Erin Lim’s Rise At E!, Her Net Worth and The Identity Of Her Boyfriend

The name Erin Lim has become so synonymous with the E! Television channel that some people actually wonder if this is the name of...

Daniel Jinich, Pati Jinich’s Husband, Biography & Net Worth

Daniel Jinich is a popular Mexican business tycoon who is married to the famous Pati Jinich, a widely known and celebrated chef and TV...

Who is Zack Snyder’s Daughter Autumn Snyder and Why Did She Commit Suicide?

It could be hard to understand why someone would ever take their own life; leaving their family and loved ones to suffer in a...

Who Is Trevor Donovan, Does He Have A Wife Or Is He Gay?

Feature length films released on the big screen might still be the more lucrative way of earning money as an actor or actress; but...

Related Stories