Parker Schnabel's net worth, house and career: A success story

Parker Schnabel's net worth, house and career: A success story

For years, Discovery Channel's Gold Rush has chronicled the remarkable journeys of gold miners and their diverse crews in pursuit of valuable gold. However, among the show's finest miners, Parker Schnabel stands out, having debuted from an early age. Many are curious about Parker Schnabel's net worth and how much he has amassed.

Parker Schnabel showed off some raw gold
Parker Schnabel showed off some raw gold. Photo: @goldrushparker on Instagram (modified by author)
Source: UGC


Parker Schnabel is one of the world's most successful gold miners. His journey, marked by hard work, has captivated millions as they have witnessed the Alaska native turn gold mining into substantial wealth. Keep reading if you are curious about how he amassed this wealth.

Parker Schnabel's profile summary

Full nameParker Russell Schnabel
Date of birth22 July 1994
Age29 years old (as of 2023)
Zodiac signCancer
Place of birthHaines, Alaska, USA
Current residenceUnited States of America
Height6'1" (181 cm)
Weight73 kg (160 lbs)
Hair colourDark brown
Eye colourBrown
MotherNancy Schnabel
FatherRoger Schnabel
Marital statusSingle
SchoolHaines High School
ProfessionGold miner, reality television star
Net worth$8 million
Social media handleInstagram

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How much is Parker Schnabel worth?

According to sources like Wealthy Gorilla, Celebrity Net Worth, and Info Famous People, Parker Schnabel's net worth in 2024 is $8 million. This makes him one of the wealthiest individuals in the Gold Rush.

How does Parker Schnabel get his money?

Gold Rush Parker's net worth stems primarily from his gold mining ventures. He invests heavily in mining equipment, machinery, and leased land for operations, with significant income generated from extracting and selling gold.

Parker also earns money through his involvement in reality television series, notably starring in the show Gold Rush and its spinoff, Gold Rush: Parker's Trail.

Parker Schnabel's facts
Fast facts on Parker Schnabel. Photo: @goldrushparker on Instagram (modified by author)
Source: Original

What is the name of Parker Schnabel's mining company?

Parker Schnabel's mining company is Little Flake Mining. Before establishing this company, he managed his family's Big Nugget Mine. In January 2023, Little Flake Mining partnered with Metallic Minerals, granting exclusive mining rights.

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Who owns the Big Nugget mine?

Parker's grandfather owned it, where Parker began his mining career at age five. Taking over Big Nugget Mine in Alaska at 17, his success paved the way for a Discovery Channel appearance on Gold Rush.

His journey on the show started modestly in season two, earning $55,000, and his wealth surged every season:

  • Season three - $250,000
  • Season four - $1.4 million
  • Season five - $3 million
  • Season eight - $7.5 million

In season 13, he amassed an estimated $14 million, demonstrating remarkable wealth growth.

Where is Little Flake Mining Company?

It operates in the Klondike region of Canada and Alaska. The company also operates one of the most successful operations in the Yukon, actively expanding and seeking recruitment and mining base enhancement.

How much does Parker Schnabel get paid?

The exact figure of Parker Schnabel's salary on Gold Rush is private knowledge. The salary is subject to change based on the show's performance and contract renegotiations, although various sources report it to be over $25,000 per episode. Parker pays his crew $34 per hour, covering expenses such as royalties, machinery, and fuel.

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Parker Schnabel with a video camera
Parker Schnabel with a video camera. Photo: @goldrushparker (modified by author)
Source: UGC

How much are Parker Schnabel's house and assets worth?

Details about Schnabel's house remain elusive, explaining the absence of Parker Schnabel's house's photos. He maintains privacy regarding his assets, choosing to reinvest his wealth in his mining business rather than lavish possessions.

However, in 2018, rumours circulated about his purchase of a luxurious mansion, but he dismissed them. He stated he had yet to buy a home and jokingly claimed to be homeless.

Parker Schnabel's net worth reflects years of dedicated work and focus on his mining ventures, as showcased on reality TV. Despite having the means for luxury, he prioritizes his gold mining efforts with his team, maintaining the same focus that propelled him to success.

READ ALSO: Corey Feldman's net worth: How much is the actor worth today?

As published on Briefly, Corey Feldman's journey in Hollywood dates back as far back as the 1970s when he appeared in TV commercials as a three-year-old. In the 1980s, he became the toast of the movie industry. The 1990s, however, ushered in a turbulent period in his life that negatively impacted his career.

His net worth in 2024 is $1 million. He makes the majority of this from his career as an actor, musician, philanthropist, public speaker, author, and motivational speaker.

Source: Briefly News

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