Gold Rush has grown to become one of the top reality shows on the Discovery Channel. However, some original cast members have left the show, including gold prospector Todd Hoffman. Still, he remains a business-minded person and has a new series, “Hoffman Family Gold”. Currently, Todd Hoffman has a net worth of $7 million.
Early Life
Hoffman is originally from Sandy, Oregon and was born on January 1, 1970. His mother is Georgia, and his father Jack Hoffman also appears on Gold Rush. Todd’s father worked as a gold prospector in the 1980s so he learned about mining at an early age.
Jack always dreamed of becoming rich through mining, and this became an inspiration to Todd. However, before digging for gold, he owned a small airport in his hometown but the airport wasn’t very profitable.
Mining Career
Todd chose to move to Porcupine Creek, Alaska, with a group of six friends. Their plan was to find gold and establish a new settlement in the wild where they could live off the grid.
Eventually, the Hoffman crew became a part of Discovery Channel’s Gold Rush. They starred in the first season, and many of their gold findings were documented in the series.
He was also featured in some of the franchise’s spin-offs. Most of his men left his operation in season five, but he kept mining with his father. Three seasons later, in 2018, the Hoffman’s decided to leave the long-running series as Todd wanted to pursue a singing career.
Further Pursuits
After leaving Gold Rush, Todd Hoffman invested his mining profits in various businesses. He is currently spending time on his newfound passion for music and uploads covers onto YouTube.
Todd also co-founded Zum Media Productions and put his money into another production company called Gold Standard Television. With ties to the media production industry, he started his latest show “Hoffman Family Gold” in 2022.
The mining expert invested in three wash plants and equipment worth $1 million. Furthermore, he is making an effort to help out local communities with a substance treatment facility.
Net Worth and Earnings
It is reported that most of Hoffman’s wealth was earned through appearing on Gold Rush. When he was still on the show, he was making $50,000 every episode. He hasn’t yet disclosed how much he gets per episode on his new series.
Of course, there are his profits from finding gold but that is rare. Now, the majority of his income comes from owning production companies. Todd Hoffman has a net worth of $7 million and is the third richest miner on Gold Rush. Tony Beets is the richest gold miner with a $15 million net worth and Parker Schnabel has a $10 million fortune.
Personal Life
Todd is married to Shawana Hoffman and they’ve been together for over 25 years. The couple has two children, Hunter and Hudson. Hunter occasionally shows up with his father on reality TV. Todd is a car lover, and he also owns a motorhome.
