Parker Russell Schnabel already has a few million USD to his name at such a young age. Discovery’s “Gold Rush” has helped him to certain notoriety and made him rich.

The fact that it is the most successful show on Discovery Channel to date might have surprised many critics. The show, which follows several gold miners teams in their daily adventures, clearly shows that TV viewers’ fascination for the gold rush is alive and well.

The estimated fortune of Parker Schnabel is 7.7 million USD.

The income of Parker Schnabel

The fact that Parker Schnabel could make a career as a prospector at such a young age is in no small part thanks to the Schnabel family’s business. 

Because in the company of gold miners, son Parker was already active at the tender age of 16. Both his grandfather and Schnabel’s father have a reputation as legendary gold prospectors of our time. His father is also involved in the construction industry and owns the company Southeast Road Builders.

However, much of Parker’s current career is a result of his hard work and dedication. The money he should have spent to pay for his college education was instead used to start his own mining company. 

His role in the Discovery Channel docu-soap was not the only thing that made him rich. Rather, it was also his gold discoveries. He is said to have already mined gold to the value of more than 30 million USD.

His talent for prospecting and his popularity as part of the docu-soap has even led to his own spinoff show, titled “Gold Rush: Parker’s Trail.”

How much money did Parker pay to Tony Beets?

Since Parker leased the “Scribner Creek” from Tony Beets in the last couple of years, there are, of course, fees to pay. In total, the young prospector is said to have extracted gold from Scribner Creek worth around 29 million USD. Of this, he had to pay 4.5 million US dollars to landlord Beets. At the end of season 9, he announced that he did not want to give anything away anymore and bought his own claim.