Rick Harrison Net Worth (Money & Salary)

What is Rick Harrison’s net worth?

With a net worth of $9 million, Rick Harrison is an American business owner and reality TV personality. He is a member of the Harrison family, proprietors of the Gold and Silver Pawn Shop located in Las Vegas, Nevada. The family’s fame has largely stemmed from the reality TV series “Pawn Stars,” which showcases the various antics and events occurring in their pawn shop.

Early Life

Born on March 22, 1965, in Lexington, North Carolina, Richard Kevin Harrison is the son of Richard Benjamin Harrison Jr. and Joanne Harrison. He is the third sibling, having an older brother named Joseph, a younger brother named Chris, and an older sister named Sherry who passed away at the age of six. His father served in the U.S. Navy, and when Harrison was two years old, the family moved to San Diego due to his father’s transfer. Experiencing epileptic seizures starting at the age of eight limited his physical activities but instigated a deep love for reading. Harrison enrolled in Taft Middle School in San Diego but left during his sophomore year to chase his business venture selling counterfeit Gucci bags, earning $2,000 a week. In April 1981, the Harrison family relocated to Las Vegas, Nevada.

Career

After settling in Las Vegas, Harrison’s father opened their first secondhand shop in 1981, named the Gold & Silver Coin Shop, situated in a compact 300-square-foot location on Las Vegas Boulevard. During the day, Harrison assisted in the store, while at night, he engaged in car repossession. By 1986, they expanded to a larger location in downtown Las Vegas, but by 1988, they lost the lease. Subsequently, they moved to a new commercial site on Las Vegas Boulevard. Harrison and his father had long discussed transitioning their coin shop into a pawnshop, viewing it as the logical progression for their business. However, a Las Vegas ordinance from 1955 complicated this process by limiting the issuance of pawn shop licenses according to the city’s population. With Las Vegas exceeding a population of 640,000 by 1988, Harrison diligently contacted the city statistician weekly to apply for one of the scarce pawn licenses once the population reached the next threshold. This occurred in 1989, and they were granted their license. That same year, they established the Gold & Silver Pawn Shop close to the Las Vegas Strip, co-owning it until his father’s passing in 2018.

By 2005, the Harrisons were lending approximately $3 million each year, generating about $700,000 in income from the interest on those loans. The pawnshop gained recognition for offering distinct sports memorabilia by 2006 and became a go-to destination for gamblers needing quick cash for gas to return home.

After his store was featured in a 2001 PBS documentary and later in the popular Comedy Central series Insomniac with Dave Attell in 2003, Harrison spent four years advocating for a television show centered around his pawnshop. The concept circulated through HBO and YouTube before the History Channel took interest and developed it into what we now recognize as Pawn Stars, the highest-rated program on the network. The show premiered in July 2009 and, by June 2023, has aired for 21 seasons and 633 episodes. Pawn Stars stands as the most popular show on The History Channel, boasting such immense popularity that the network renews the series in sizable batches of 80 episodes, a rarity in the industry.

“`

For any television series, especially a reality one, this is quite significant.

Currently, Rick’s son Corey Harrison helps operate the store and is featured on the show along with his childhood best friend, Austin “Chumlee” Russell. Due to his sharp eye for undervalued items, Rick has earned the nickname “The Spotter” on the show.

Personal Life

At the age of 17, Harrison’s girlfriend, Kim, became pregnant. They decided to marry despite experiencing a miscarriage. Their first child, Corey, arrived on April 27, 1983, followed by their second child, Adam, two years later. Shortly after Adam’s birth, Harrison and Kim separated.

Nine months later, on a blind double date, Harrison met Tracy, who would become his second wife. After dating for six months, they cohabited, and eight months later they wed, taking on the responsibility of raising Corey and Adam together. Eventually, they divorced.

In 2012, after two divorces, Harrison got engaged to Deanna Burditt, who had also been married twice. They tied the knot on July 21, 2013, in Laguna Beach, California, but they divorced in September 2020. Harrison married Amanda Palmer in 2021.

Rick Harrison has shown interest in politics, considering a run for governor of Nevada in 2022 and is now pondering a campaign for U.S. Senate in 2024.

Lawsuit

Following Richard Harrison’s passing, known as “The Old Man,” in 2018, Rick’s mother, Joanne, initiated a lawsuit concerning disputes over family assets and the ownership of their Las Vegas pawn shop. The suit claims that while she was hospitalized in 2000/2001, Rick had her assign her 51% ownership in the business to him. The lawsuit states that upon Richard’s death in 2018, Joanne inherited his 49% stake in the pawn shop, but Rick allegedly did not provide her with complete financial records. Joanne also claims she has not been able to receive an accurate accounting of over $500,000 in cash and silver that she believes her husband accumulated before he died. She seeks unspecified damages, a full accounting of the assets, and a court order prohibiting Rick Harrison from utilizing her funds, as well as a “constructive trust” over properties that belong to her.

Real Estate

In 2019, Harrison put his Red Rock Country Clubhouse located in Summerlin, Las Vegas, on the market for $3.99 million. The residence, spanning 8,845 square feet, was constructed in 2001. He purchased it in 2016 and invested around $600,000 in renovations. The formal sitting room features granite flooring that has been acid-washed, cut into planks, and laid similarly to hardwood, which cost $45,000. The house includes two bedrooms on the lower level and two on the upper level, in addition to a gym that can function as a bedroom. It boasts seven bathrooms, a 12-seat home theatre featuring a 150-inch screen with curtains, and a wine cellar capable of storing over 1,000 bottles. The property is equipped with an elevator and a centralized sound system, allowing for music to be played in any room via a smartphone.

The front of the house offers views of Red Rock Canyon’s Spring Mountains, while the backyard provides a scenic vista of the Strip and overlooks the Arroyo Golf Club. The game room upstairs features a balcony at the back of the house. The backyard is designed with a lagoon-style pool, an elevated spa, and a gate that leads directly to the golf course. There is also a 10-foot waterfall along with a lazy river that flows into the pool, complemented by an outdoor kitchen. Harrison chose this neighborhood so that his kids could attend school nearby, but as the children have grown, the need for such space has diminished.