Rick Harrison Net Worth (Money & Salary)

What is Rick Harrison’s net worth?

The net worth of Rick Harrison, an American entrepreneur and reality television personality, is estimated at $9 million. He belongs to the Harrison family, which operates the Gold and Silver Pawn Shop located in Las Vegas, Nevada. This family has gained notoriety through the reality show “Pawn Stars,” which depicts the various happenings and activities within their pawn shop.

Early Life

Born Richard Kevin Harrison on March 22, 1965, in Lexington, North Carolina, he is the child of Richard Benjamin Harrison Jr. and Joanne Harrison. As the third sibling, he faced the loss of his older sister Sherry at the age of six and has an older brother, Joseph, along with a younger brother, Chris. His father served in the U.S. Navy. When he was two, the family moved to San Diego due to his father’s relocation. At eight, Harrison began experiencing epileptic seizures, which often kept him bedridden. This circumstance sparked a lifelong passion for reading. He attended Taft Middle School in San Diego but withdrew during his sophomore year to focus on his business of “selling fake Gucci bags,” which earned him $2,000 a week. In April 1981, the family relocated to Las Vegas, Nevada.

Career

After settling in Las Vegas, Harrison’s father established his first secondhand store in 1981. The initial Gold & Silver Coin Shop was a small 300-square-foot establishment on Las Vegas Boulevard, where Harrison spent his days working alongside his father while repossession work filled his nights. In 1986, the shop moved to a larger venue in downtown Las Vegas, but they lost the lease in 1988. Subsequently, they relocated to a commercial building on Las Vegas Boulevard. For years, Harrison and his father had envisioned transforming their coin shop into a pawn shop, seeing it as a logical progression for their business. This was complicated by a 1955 Las Vegas law that limited the issuance of new pawn shop licenses based on the city’s population. By 1988, Las Vegas had over 640,000 residents in the greater metro area. Harrison diligently contacted the city’s statistician weekly to ensure they could apply for a coveted pawn license as soon as the population reached the next threshold. This occurred in 1989, when they finally received their pawn license. In the same year, they opened the Gold & Silver Pawn Shop close to the Las Vegas Strip. They co-managed the shop until his father’s passing in 2018.

By 2005, Harrison and his father were lending approximately $3 million annually, generating an income of about $700,000 from the interest on those loans. As of 2006, the pawn shop gained recognition for its unique sports memorabilia and became a stopping point for gamblers needing to pawn their items for gas money to return home.

After the store was featured in a PBS documentary in 2001 and on Comedy Central’s Insomniac with Dave Attell in 2003, Harrison spent four years advocating for a TV show centered around his pawn shop. The idea bounced around HBO and YouTube before the History Channel took interest, resulting in the development of “Pawn Stars,” which is currently their highest-rated program. Premiering in July 2009, as of June 2023, it has aired for 21 seasons and 633 episodes, leading to its status as the top-rated show on The History Channel. Its popularity has reached a level that prompts History to renew the series in groups of 80 episodes, which is quite rare.
“`

For any television show, especially a reality series.

Currently, Corey Harrison, Rick’s son, works in the store and appears on the show alongside his childhood best friend, Austin “Chumlee” Russell. Rick has earned the nickname “The Spotter” on the show due to his sharp eye for spotting undervalued items.

Personal Life

At the age of 17, Harrison’s girlfriend Kim became pregnant. After a miscarriage, they chose to marry. Corey, their first child, was born on April 27, 1983, followed by their second child, Adam, two years later. Shortly after Adam’s birth, Kim and Harrison decided to separate.

Nine months after the separation, Harrison met his second wife, Tracy, during a blind double date. They lived together after dating for six months and married eight months subsequently, taking on the responsibility of raising Corey and Adam. Eventually, they divorced.

In 2012, after two divorces, Harrison got engaged to Deanna Burditt, who was also coming out of two divorces. They tied the knot on July 21, 2013, in Laguna Beach, California, but divorced in September 2020. In 2021, he wed Amanda Palmer.

Rick Harrison has shown an interest in politics, contemplating a run for governor of Nevada in 2022 and considering a candidacy for the U.S. Senate in 2024.

Lawsuit

Following the death of Richard Harrison, known as “The Old Man,” in 2018, Rick’s mother, Joanne, initiated a lawsuit concerning family assets and the ownership of their Las Vegas pawn shop. The suit claims that Rick had his mother sign over her 51% ownership of the business while she was hospitalized in 2000/2001. According to the lawsuit, after Richard passed away in 2018, Joanne inherited his 49% share but alleged that Rick did not provide her with complete financial documentation for the business. Joanne also claimed she has struggled to obtain a proper accounting for over $500,000 in cash and silver she believes her husband amassed before dying. Joanne Harrison seeks unspecified damages, an asset accounting, and a court order preventing Rick Harrison from utilizing her funds, along with 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 was constructed in 2001, purchased by him in 2016, and underwent about $600,000 in renovations. The formal sitting room features acid-washed granite flooring, which was cut into planks and installed like hardwood at a cost of $45,000. The house offers two bedrooms on each level, as well as a gym that could function as an additional bedroom. It includes seven bathrooms, a 12-seat home theater fitted with a 150-inch screen, and a wine cellar capable of holding over 1,000 bottles. There is also an elevator and a central sound system allowing music to be played in any room via a phone.

With views of Red Rock Canyon’s Spring Mountains from the front, the backyard overlooks the Strip and the Arroyo Golf Club. The upstairs game room features a balcony at the back of the house. The backyard is equipped 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 feeding into the pool. An outdoor kitchen is also present. Harrison chose this neighborhood so his children could attend high school in the area, but with them now grown, the space is no longer necessary.