20-year-old 'Gold Rush' star makes millions mining
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The hit show 'Gold Rush' follows ambitious gold miners looking to make it big one nugget at a time.
One of the stars, Parker Schnabel is just 20-years-old and made a fortune last season raking in over $1 million dollars gold mining. This year he set the goal of earning over $2.5 million, and he's well on his way.
Even though he’s done well, Schnabel told Fox 411 “That's just because we’ve found a million dollars’ worth of gold doesn’t mean I’m a millionaire, we have a lot of costs … I have probably a lot more debt than the normal 20-year-old.”
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Schnabel’s grandfather has been a major influence on his gold mining career. “My grandfather has always been doing this since I’ve been around. I grew up mining with him on the mine site and running equipment … finding gold has been my life from the time I could remember.”
"That’s a big reason why we’re on the show – him and I do have a very good relationship and that resonates with a lot of people," he added. "He’s definitely the reason that I’ve been successful … he is an old-school dude for sure.”
While Schnabel might be his own mine boss, his family isn’t afraid to put him in his place. “My grandpa gets a lot of credit for keeping me in line, but my whole family and community of Haines [Alaska] have done a lot for me … it’s a great way to grow up.”
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At the job site, the day to day experience can be intense. “The toughest thing is that it’s very seasonal work and we basically have four months to make a year’s worth of money,” he said. “Not only is it difficult but it is also dangerous because everybody is working long hours, long days … from a safety standpoint, that’s risky.”
Looking ahead, Schnabel isn’t sure what his future holds. “I have no idea what I want to end up doing. I look forward to the next chapter in the book just like anybody else and I’m 20-years-old, I don’t think I need to know what I’m going to do, but right now I love what I’m doing … this is my dream job.”
Gold Rush airs Fridays at 9 PM on the Discovery Channel with a two-hour season finale airing March 6.