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Parker Schnabel Net Worth and Lifestyle

How much gold have you seen in your life? Parker Schnabel is someone who has most probably seen much gold then you might have. As the person in charge of the family mining company Big Nugget Mine and the star of Discovery Channel's reality show Gold Rush, Parker deals with gold in very much, every day of his life.

So, the 24-year old American TV personality who works in Gold Rush must have a pretty good net worth, right? Well, yes, Parker has an estimated net worth of $8 million 2018 and his earning stands in the neighborhood of thousands of dollars. Follow the article to find out all about his net worth and lifestyle

Parker Schnabel Net Worth and Income

The 24-year old gold miner has been working for his family's mining business since the age of 16. It has been 8 years since the start of his mining profession and during that time. And from his early days to 2018, he has mined gold worth around $13 million.

Parker Schnabel has an estimated net worth of $8 million in 2018. His financial success is not just because of his family business but also from his pay from the reality show that he stars in, Gold Rush. For each episode of the TV series, Parker earns around $25 thousand and has been with the show since 2010.

The star of Discovery's TV show Gold Rush, Parker Schnabel The star of Discovery's TV show Gold Rush, Parker Schnabel

Source: fetch sport

His annual revenue is estimated to be $500 thousand per year making his salary from each episode to be $25 k. He is a young millionaire and looks to expand his fortune further in other business which includes his investment in a custom car wash. With the way that he is progressing, he may very well have doubled this net worth within a couple of years.

Parker Schnabel: Short Bio

Born on July 22, 1994, Schnabel was born and raised in Haines, Alaska, along with his brother Payson. Nancy Schnabel is his mother while Roger Schnabel is his father. Their family is pretty well-known miners and his grandfather is a legend in the gold exploring community Klondike John Schnabel.

He spent most of his holidays with his grandfather in his gold mine and it is what made him pursue gold mining as a career. He learned all of his gold mining tips and tricks from his grandfather.

At the age of 16, he decided to not continue for higher studies and decided to work for his grandfather on his Big Nugget MIne instead. He soon became the man in charge of the operation of the gold mine and has proven to be a good leader.

Parker Schnabel poses with his GOLD Parker Schnabel poses with his GOLD

Source: raw

His team has discovered huge hits on the search of gold mine. They discovered 3.7 million dollars worth gold in the show's sixth season and $3 million in Season 5.

On March 18, 2016, his grandfather died and he lost his teacher. Many had wondered if he would be able to handle the business, but until now, he has shown his capability to continue the business.