Rick Harrison Net Worth (Money & Salary)

What is Rick Harrison’s net worth?

An American business owner and reality TV personality, Rick Harrison has a net worth of $9 million. He is part of the Harrison family, proprietors of the Gold and Silver Pawn Shop located in Las Vegas, Nevada. The family’s fame escalated with the reality television series “Pawn Stars,” which chronicles the various escapades and events that unfold within the Gold and Silver 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 child in the family, having an older sister, Sherry, who passed away at six, an older brother, Joseph, and a younger brother, Chris. His father served in the U.S. Navy, and when Harrison was just two years old, the family moved to San Diego due to a military transfer. At eight, Harrison began experiencing epileptic seizures, which often kept him bedridden and fostered his enduring passion for reading. He initially studied at Taft Middle School in San Diego but left before completing his sophomore year to focus on a “$2,000-a-week business selling fake Gucci bags.” The Harrison family made their way to Las Vegas, Nevada, in April 1981.

Career

After relocating to Las Vegas, Harrison’s father established his first secondhand store in 1981. The original Gold & Silver Coin Shop was a small, 300-square-foot space on Las Vegas Boulevard. During the day, Harrison worked at his father’s shop, while at night, he repossessed vehicles. In 1986, they relocated the store to a larger venue in downtown Las Vegas, but by 1988, they lost the lease on that property. Consequently, the shop was moved to a new commercial building on Las Vegas Boulevard. For years, the idea of transitioning the coin shop into a pawnshop was discussed between Harrison and his father, seeing it as a natural progression for their business. However, this was complicated due to a Las Vegas law from 1955 limiting the issuance of new pawnshop licenses according to the city’s population. By 1988, the metro area’s population surpassed 640,000. Harrison regularly contacted the city’s statistician to prepare for the opportunity to apply for one of the rare pawn licenses as soon as the population metrics allowed it. This opportunity arose in 1989, and the Harrisons successfully obtained their pawn license. That same year, they opened the Gold & Silver Pawn Shop near the Las Vegas Strip, co-owning the shop until his father passed away in 2018.

By 2005, the pair was lending out approximately $3 million annually, yielding around $700,000 in income from loan interest. In 2006, the pawnshop gained a reputation for unique sports memorabilia and became a favorite place for gamblers needing quick cash, often pawning items to pay for travel expenses back home.

Following a 2001 PBS documentary and an appearance on Comedy Central’s Insomniac with Dave Attell in 2003, Harrison spent four years advocating for a television show about his pawnshop. Discussions about the concept took place with HBO and YouTube before it was developed by the History Channel into the show Pawn Stars we recognize today, which has become the highest-rated program on the network. Debuting in July 2009, Pawn Stars has aired for 21 seasons and 633 episodes as of June 2023. It remains the most popular show on The History Channel, to the extent that new seasons are renewed in batches of 80 episodes, a practice that is quite rare.
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Currently, Corey Harrison, Rick’s son, is also employed at the store and appears on the show along with his childhood best friend, Austin “Chumlee” Russell. On the show, Rick is referred to as “The Spotter” due to his sharp eye for identifying undervalued items.

Personal Life

At the age of 17, Harrison’s girlfriend, Kim, became pregnant. Although they experienced a miscarriage, they chose to marry. Their first son, Corey, was born on April 27, 1983, followed by their second son, Adam, born two years later. Shortly after Adam’s arrival, Harrison and Kim separated.

Nine months later, Harrison met Tracy on a blind double date, who would eventually become his second wife. After a six-month courtship, they moved in together, and within eight months, they wed while taking on the responsibilities of raising Corey and Adam. Eventually, they divorced.

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

Rick Harrison has shown an interest in politics, contemplating a gubernatorial run in Nevada in 2022 and a potential U.S. Senate campaign in 2024.

Lawsuit

Following the death of Richard Harrison, known as “The Old Man,” in 2018, Rick’s mother, Joanne, initiated a lawsuit regarding a dispute over family assets and the ownership of their Las Vegas pawn shop. Joanne claims that during her hospitalization in 2000/2001, Rick had her sign over her 51% stake in the business. The lawsuit states that after Richard’s passing in 2018, Joanne inherited his 49% share of the pawn shop but contends that Rick has not provided her with complete financial records. Additionally, Joanne alleges that she has not received an accurate accounting of over $500,000 in cash and silver that she believes her husband amassed before he died. She seeks unspecified damages, an accounting of assets, and a court order preventing Rick Harrison from accessing these funds, alongside establishing a “constructive trust” over her property.

Real Estate

In 2019, Harrison put his Red Rock Country Clubhouse in Summerlin, Las Vegas, on the market for $3.99 million. This 8,845-square-foot residence, built in 2001, was purchased by him in 2016, with approximately $600,000 spent on renovations. The formal sitting room features granite flooring that has been acid-washed, cut into planks, and arranged like hardwood flooring, costing $45,000. The home includes two bedrooms on each level, a gym that can serve as an additional bedroom, seven bathrooms, and a 12-seat home theater equipped with a 150-inch screen and a curtain. There’s also a wine cellar that can store over 1,000 bottles, an elevator, and a central sound system allowing music playback in any room via a phone.

The front of the property offers views of Red Rock Canyon’s Spring Mountains, while the backyard provides a panorama of the Strip and overlooks Arroyo Golf Club. The upstairs game room features a balcony at the back of the house, and the backyard is designed with a lagoon-style pool, an elevated spa, and a gate leading to the golf course, complete with a 10-foot waterfall and a lazy river flowing into the pool. An outdoor kitchen also enhances the backyard’s appeal. Harrison selected this neighborhood because his children attended high school nearby, but with the kids grown, the space has become less necessary.