NEW YORK, NY - OCTOBER 12:  Parker Schnabel discusses "Gold Rush" with Build Brunch at Build Studio on October 12, 2018 in New York City.  (Photo by Roy Rochlin/Getty Images)
TV - Movies
This Is How Much
Money Gold
Rush's Parker
Schnabel Is
Actually Worth
In each season of “Gold Rush,” beyond the first few, Parker Schnabel and his crew have pulled in thousands of ounces of gold worth millions of dollars. In Season 4, Schnabel mined 1,029 ounces of gold, valued at $1.4 million, and in Season 8, Schnabel pulled over 6,000 ounces out of the soil, worth more than $7.2 million.
So now that Schnabel has been mining gold for over a decade, it should be safe to assume that he's struck it rich, right? The answer is yes and no. While Schnabel’s net worth is around $10 million a lot of money ends up being reinvested into new mining projects.
Schnabel has expenses that go into the land he mines, the equipment he uses, and the crew that helps him extract ore from the ground. His primary staff is paid a yearly salary plus bonuses based on yield, meaning that the more gold Schnabel's crew mines, the more his profits are distributed.