What You Need To Know About Gold Rush's Parker Schnabel

Publish date: 2024-06-23

When he took over as head of operations at the Big Nugget gold mine, Schnabel was an ambitious teenager. The budding entrepreneur was also determined to find his own success in the industry he's been exposed to since he was a child. He showed that by using the money set aside for his college education and invested that into the creation of his own mining business, says Discovery. When he turned 18, he went on to Canada to dig in the Klondike region, where he currently mines. On the show, he found himself and his team continuously surpassing other miners and rivals, raking in gold worth more than any other mining team, reports Money Week.

By the time he reached 24 years old, Schnabel already mined gold that was worth $13 million. Today, his net worth stands to be an estimated $8 million, according to Wealthy Gorilla. And perhaps it's the somewhat practical lifestyle he leads that allows him to see drastic increases in his net worth. According to Money Week, Schnabel spends money, but it's not on the typical luxury items. "I don't own a boat, or any fancy cars or a fancy house. I have a big expensive sandbox instead," said Schnabel.

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