Parker Schnabel’s Mining Company Valued at $100M

Parker Schnabel earns $125k per episode through his television shows. Forbes estimates that he is 12th richest miner in the world.

As of 2025, Parker Schnabel has a net worth of $15 million. He starred on the Discovery Channel reality TV show “Gold Rush”.

A few days ago, Parker Schnabel bought a 30-acre property in Alaska, paying $8 million. This is a huge mansion with two pools and a home theatre.

He also starred in and produced “Gold Rush” shows. This meant, in addition to salary, Schnabel also made roughly $11 million in syndicate revenues.

By the time he turned 24 years old, Schnabel had mined gold worth over $16 million.

Business Ventures

In addition to his mining career, Schnabel is also a successful businessman. Apart from Schnabel’s personal net worth, his mining company is also soaring in valuation.

He owns his own mining company, and he has also started a line of gold mining equipment. His mining company has a market valuation of $100 million.

Schnabel is also a popular author. He has written two books about his experiences as a gold miner. These books generate $260,000 in annual royalties. Now wonder he got such huge net worth.

Wikipedia

Schnabel’s family has been in the gold mining business for the past many decades. Since the time he was a kid, he visited the mines along with his family, especially his grandfather. At the age of 17, he became a full-time miner.

It is Schnabel who convinced his family to get in touch with the Discovery Channel and had the initial idea of having his television show.

Even though the executives at the network did not show much interest initially, they came around later.

During the first season, Discovery allocated only a $10,000 budget per episode as they were not sure how it would turn out.

As the show progressed, so did the production budget. As of today, the network spends millions annually on paying salaries to Parker and other miners and on production and marketing.

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