John Schnabel Net Worth

Net Worth

Net Worth	Salary	Birthdate	Birthplace	Gender	Height	Profession	Nationality
$7 million	N/A	February 11, 1920	Kansas	Male	N/A	Gold Miner	American

John Schnabel, an American gold miner, had a net worth of $7 million at the time of his death in 2016.

Highlights

– John Schnabel’s net worth at the time of his death was $7 million.

– He was part of the cast of the reality series “Gold Rush Alaska”.

– Schnabel owned the Big Nugget mine in Alaska.

– His grandson, Parker Schnabel, currently runs the family mine.

– Schnabel suffered a well-publicized heart attack during the second season of “Gold Rush”.

– He retired from daily mining work in 2014, but continued to offer guidance to his son and grandson.

Early Life

John Schnabel was born on February 11, 1920, in Kansas. His family faced financial struggles, and Schnabel’s first job as a paper boy allowed him to help support them. When authorities caught up with his family’s bootlegging activities, they were forced to flee to Alaska. At the age of 19, Schnabel joined his father in running a sawmill in Alaska. He also served in the US Army Air Corps during World War II from 1941 to 1946.

Career

John Schnabel owned the Big Nugget mine in Alaska and later bought the Gold Nugget Mine in Porcupine Creek, Alaska. His son, Roger Schnabel, is also a part owner. Schnabel’s grandson, Parker Schnabel, currently runs the family mine and aims to keep it profitable as a family-run business. The Schnabel family became well-known through their appearance on the reality series “Gold Rush Alaska”, which started airing in December 2010. The show has continued for multiple seasons, with the twelfth season airing in March 2022.

Schnabel’s mine, Big Nugget, has been successful for a long time and is often sought after for advice by other mining groups. Despite suffering a heart attack during the show’s second season, Schnabel chose to retire from daily mining work in 2014. However, he continued to share his decades of experience with his son and grandson, helping them navigate the competitive and challenging gold mining industry.

Personal Life

John Schnabel married Erma Dire in 1950, and together they had two daughters and two sons, including Roger Schnabel and Parker Schnabel. John underwent a successful triple bypass open heart surgery at the age of 67. He passed away on March 18, 2016, at the age of 96, peacefully in his sleep at his home in Oakland, California.

Net Worth Over Time

John Schnabel’s net worth of $7 million remained relatively constant until his passing in 2016. Despite retiring from daily mining work in 2014, he continued to provide guidance and support to his family, ensuring the profitability of their mining ventures.

Components of Net Worth

John Schnabel’s net worth primarily consisted of his ownership stakes in the Big Nugget and Gold Nugget mines in Alaska. The success and profitability of these mines contributed significantly to his overall wealth. Additionally, his appearance on the reality series “Gold Rush Alaska” provided additional income and further enhanced his net worth.

Overall, John Schnabel’s net worth of $7 million reflected his achievements and success as a gold miner and his dedication to maintaining a family-run mining business.

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