Rick Harrison Net Worth

What is Rick Harrison's net worth?

Rick Harrison is an American business owner and reality TV star who has a net worth of $9 million. Rick Harrison is part of the Harrison family, which owns the Gold and Silver Pawn Shop in Las Vegas, Nevada. The Harrison family has become famous thanks to the reality television show "Pawn Stars," which follows the antics and hijinx that take place in the Gold and Silver Pawn Shop.

Early Life

Richard Kevin Harrison was born in Lexington, North Carolina, on March 22, 1965, to Richard Benjamin Harrison Jr. and Joanne Harrison. Richard is the third child. He had an older sister Sherry who died when she was six, and has an older brother Joseph and a younger brother, Chris. His father is a veteran of the U.S. Navy. When Harrison was two years old, his father was transferred to San Diego, and the family relocated. Harrison had epileptic seizures starting at age eight. As this often confined him to bed, it led to a lifelong love of reading for Harrison. Harrison attended Taft Middle School in San Diego but dropped out during his sophomore year to pursue his "$2,000-a-week business of selling fake Gucci bags." The Harrison family moved to Las Vegas, Nevada, in April 1981.

Career

Once the family settled in Las Vegas, Harrison's father opened his first secondhand store in 1981. The original Gold & Silver Coin Shop was a 300-square-foot hole in the wall on Las Vegas Boulevard. Harrison worked in his father's store during the daytime. At night, he repossessed cars. In 1986, the store moved to a larger space in downtown Las Vegas. Unfortunately, in 1988, the Harrisons lost their lease on that space. They then moved the store to a new commercial building on Las Vegas Boulevard. Harrison and his father had talked for years about converting the coin shop into a pawnshop. To them, it felt like the natural evolution of their business. That wasn't that easy to do, however, due to a Las Vegas law dating back to 1955 that required the issuing of new licenses for pawn shops to be limited based on the city's population. By 1988, Las Vegas had a population of over 640,000 in the greater metro area. Harrison called the city's statistician every week so that they could apply for one of the city's rare and coveted pawn licenses as soon as the population of Las Vegas hit the next benchmark that opened up those licenses. That happened the following year, in 1989, and the Harrisons were granted their pawn license. The same year, Harrison and his dad opened the Gold & Silver Pawn Shop not far from the Las Vegas Strip. They co-owned the shop until his father's death in 2018.

Harrison and his dad were loaning out roughly $3 million each year by 2005. This made the Harrisons about $700,000 in income from the interest on the loans. By 2006, the pawnshop became well known for selling unique sports memorabilia. It was also a haven for gamblers who find themselves in need of pawning something to buy gas to drive back to wherever they came from.

Harrison spent four years pitching the idea of a television show about his pawnshop after his store was the subject of a 2001 PBS documentary and on the popular Comedy Central show Insomniac with Dave Attell in 2003. The idea kicked around HBO and YouTube before the History Channel came calling and developed the concept into the Pawn Stars that we know today as the highest-rated show on the History Channel. Pawn Stars debuted in July 2009 and, as of June 2023, has run for 21 seasons and 633 episodes. Pawn Stars is by far the number one most popular show on The History Channel. The show is so popular that History renews the series in batches of 80 episodes, which is highly unusual for any television show, let alone a reality series.

Today, Rick's son Corey Harrison also works in the store and is seen on the show along with childhood best friend Austin "Chumlee" Russell. Rick's nickname on the show is "The Spotter" because of his keen eye for undervalued items.

Personal Life

When Harrison was 17, his girlfriend Kim got pregnant. Despite a miscarriage, the couple decided to marry. Their first child, Corey, was born on April 27, 1983. Two years later, their second child, Adam, was born. Soon after Adam's birth, Harrison and Kim separated.

Nine months later, Harrison met the woman who would become his second wife, Tracy, on a blind double date. After dating for six months, they moved in together, and eight months after this, they married and assumed the responsibility of raising Corey and Adam. They later divorced.

In 2012, Harrison, twice divorced, announced his engagement to Deanna Burditt, who was also twice divorced. The couple married on July 21, 2013, in Laguna Beach, California. They divorced in September 2020. In 2021, Harrison married Amanda Palmer.

Rick Harrison has expressed interest in politics and considered a run for governor of Nevada in 2022 and is contemplating a run for U.S. Senate in 2024.

Lawsuit

After the death of Richard Harrison, AKA "The Old Man," in 2018, Rick's mother, Joanne, filed a lawsuit in a dispute over family assets and ownership of their Las Vegas pawn shop. It alleges that while she was hospitalized in 2000/2001, Rick had her sign over her 51% ownership in the business. The lawsuit says that when Richard passed away in 2018, Joanne then inherited his 49% share of the pawn shop, but Rick failed to provide her with complete documentation of its finances. Joanne also alleges she has been unable to get a proper accounting of more than $500,000 in cash and silver she believes her husband accumulated before his death. Joanne Harrison seeks unspecified damages, an accounting of assets, and a court order banning Rick Harrison from using the funds belonging to her and a "constructive trust" over property that belongs to her.

Real Estate

In 2019, Harrison listed his Red Rock Country Clubhouse in Summerlin in Las Vegas for $3.99 million. The 8,845-square-foot home was built in 2001. He bought the house in 2016 and spent about $600,000 on renovations. The flooring in the formal sitting room is made of granite that is acid-washed, cut into planks, and laid like a hardwood floor at a cost of $45,000. The home has two bedrooms on the lower level and two on the upper level. The home also has a gym that can be used as a bedroom. The home has seven baths, a 12-seat home theater with a 150-inch screen and a curtain. A wine cellar holds more than 1,000 bottles. The home has an elevator and a central sound system where someone with a phone can play music in any room.

The front of the house overlooks Red Rock Canyon's Spring Mountains, and in the backyard has views of the Strip and overlooks the Arroyo Golf Club. The game room upstairs has a balcony at the back of the home. The backyard has a lagoon-style pool, an elevated spa, and a gate that leads to the golf course. There is a 10-foot waterfall as well as a lazy river that leads into the pool. The backyard also has an outdoor kitchen. Harrison chose the neighborhood because their kids went to high school in the area, but since the kids are grown, they no longer need the space.