Parker Schnabel, the American gold miner and reality television star, has amassed a net worth of $8 million. Known for his appearances on the popular reality TV show “Gold Rush” and its spinoff “Gold Rush: Parker’s Trail,” Schnabel’s journey in the mining industry has captivated audiences worldwide. From his early days working for his grandfather’s mining company to striking out on his own and finding remarkable success, Schnabel’s determination and passion for gold mining have propelled him to great heights. Discover more about Parker Schnabel’s net worth and his fascinating life in the mining industry here.
What is Parker Schnabel’s net worth?
Parker Schnabel has amassed a considerable net worth of $8 million through his successful career as an American gold miner and reality television star. He gained prominence by starring in the popular reality TV show “Gold Rush” and its spinoff “Gold Rush: Parker’s Trail.” With his expertise in mining and determination, Schnabel has achieved remarkable success and financial stability in the gold mining industry.
Early Life
Parker Russell Schnabel, born on July 22, 1994, in Haines, Alaska, has been involved in the mining world since a very young age. Growing up in a family of miners, Parker started working for his grandfather John Schnabel’s mining company, Big Nugget, at the age of five. He displayed an exceptional aptitude for operating heavy machinery, surpassing his peers before even reaching the pedals.
While attending high school, Parker became a well-known figure and played on the varsity basketball team. His passion for exploration and the outdoors drove him to pursue a career in geology or mining studies in college, with the ultimate goal of managing the family mine. After graduating, Parker took over the day-to-day operations of the mine, succeeding his grandfather. Despite his young age, he demonstrated remarkable leadership skills and proved his ability to find substantial amounts of gold.
In a bold move, instead of pursuing higher education, Parker decided to venture beyond his home mining area and explore new opportunities in the Yukon territory. Using his own college trust fund as seed money, he embarked on a journey to seek new fortunes. This decision showcased his entrepreneurial spirit and determination to chart his own path in the mining industry.
Reality TV
Parker Schnabel’s journey in the mining world garnered widespread attention when he became one of the main subjects of the popular Discovery Channel series, “Gold Rush Alaska.” Since its debut in 2010, the show has aired 330 episodes across 13 seasons. Parker’s involvement in the series became particularly notable when he attempted to assist the miners at the Porcupine Creek claim, only to discover their lack of expertise in gold mining.
In the fourth season of “Gold Rush,” Parker made a pivotal decision to break away from his family mine and establish his own mining operation. In his first year as an independent miner, he achieved a remarkable feat by extracting an astonishing 1029 ounces of gold. Alongside his appearances on “Gold Rush,” Parker also showcased his expertise and insights on the reality television series “Gold Rush: The Dirt” from 2012 to 2016. Furthermore, in 2017, he starred in the spin-off series “Gold Rush: Parker’s Trail,” showcasing his adventurous spirit.
As a testament to his success, Parker Schnabel has not only mined over $13 million worth of gold by the age of 24 but has also taken on the role of a producer for all three shows. His dedication to the mining industry and his ability to overcome challenges have solidified his position as a prominent figure in the world of reality TV and gold mining.
Personal Life
Beyond his successful career in the gold mining industry, Parker Schnabel’s personal life has also garnered attention. Schnabel was previously in a relationship with Australian veterinary nurse Ashley Youle, who appeared alongside him on the reality show, working in the Klondike. After two years together, Schnabel announced their split in December 2018.
In 2019, rumors circulated about Schnabel’s involvement with Sheena Cowell, an assistant producer for his show. Although the details of their relationship remain private, it is clear that Schnabel’s focus on his mining work takes precedence over his personal life.
Schnabel’s achievements in the mining industry have allowed him to pursue his dreams, including the purchase of his dream house in Alaska. The magnificent mansion, equipped with modern amenities, is valued at over $950 thousand. It serves as a testament to Schnabel’s success and the fruits of his labor.
While Schnabel enjoys his success and the perks that come with it, he has also experienced his fair share of lighthearted controversy. In January 2017, he playfully teased his fans on Facebook, announcing that he would soon reveal his “baby” to the world, only to unveil that the “baby” was actually his new fur companion, a dog.
Despite his busy schedule and dedication to his mining career, Schnabel continues to navigate the complexities of his personal life and find balance between work and leisure.