Parker Schnabel Net Worth 2020

Parker Russell Schnabel, better known as just Parker Schnabel, is an American Gold Miner. He gained his popularity and fame by his appearances in the reality Tv Series crafted by Discover Channel called, Gold Rush. Let’s find out how much is Parker Schnabel Net Worth!

Early Life

Parker Schnabel Net Worth

Parker Schnabel Net Worth

Born on July 22, 1994, in Haines, Alaska, to Roger and Nancy Schnabel, Parker has always been interested in the field of gold mining. He grew up with his brother, Payson.

Ever since he was a child, he used to spend summers in his grandfather’s goldmine, Big Nugget Mine. He took control of the mine when he was just 16 years old and handled it with great finesse.

He did not attend college and instead used his college fund to expand his mining operations.


Schnabel has had a rather unconventional career. As a child, his interest in the mining business was so intense that he refused to leave that field. He grew up in Big Nugget Mine and intended to attend to it in his adult life as well.

As mentioned earlier, when his grandfather stepped down from a leadership role in their mining business, he stepped up to the responsibility. He took over the handling of its daily operations. He had employees under him who were more than twice his age and yet he led them admirably.

His claim to fame is his appearance on Discovery Channel’s Reality Television series, Gold Rush. In its fourth season, viewers saw first hand how he devoted his entire college fund to expand the mining operations. As a result, he found an incredible 1029 oz of gold. In the show’s previous season, he extracted Gold worth, $3.7 million. Undeniably he has a strange knack for smelling out this precious metal.

This talent that he has, of extracting such high values of Gold is one that many miners wish they had.

Awards and Achievements

His incredible achievement lies in the fact that he discovered 1,029 ounces of gold, which was worth a staggering $1.4 million. This achievement is highlighted by the fact that he was just a teenager when he accomplished this feat. It is a laudable attempt, and many seasoned miners struggle to achieve what he has at such a young age.

Net Worth & Salary of Parker Schnabel

Parker Schnabel has an estimated net worth of $10 million. Much of his revenue comes from his gold mining business that he took over from his grandfather when he was just sixteen. His appearance in Discovery Channel’s reality TV Series, Gold Rush, also augments his income.

Parker Schnabel is no ordinary teenager. His experiences on his grandfather’s Goldmine, Big Nugget Mine, changed the trajectory of his life. He did not grow up with the usual ambitions of most children of his age. The gold mining business has always held a special place in his heart. He took up great responsibility at just the tender age of sixteen when most kids are still puzzled as to what courses they want to take up in high school.

Unlike them, he took up a leadership position in his family’s business and expanded it as well. He made quite a success of it, in fact, even appearing in a reality tv series. He has an inherent knack for finding the gold that most seasoned gold miners not possess. However, he is a very hard worker and has not reached his position in life without a lot of effort. He serves as an inspiration to those in his age bracket and also those elder to him.