Todd Hoffman Net Worth 2021

Birthplace: Sandy, Oregon

Wife:Shauna Hoffman

Children: Hunter, Hudson,

Father: Jack Hoffman

Net Worth: $5 Million

Now in the third season Gold Rush has become one of the highest rated series Discovery Channel. Father and son of gold miners Jack Hoffman, 65 years old and his son Todd Hoffman now 49 began mining gold placer deposits found in Alaska and Klondike.

This event initially followed several teams but now focus more on the child’s father team. After stopping mining in Klondike, Todd set his view in South America and fly his crew to Peru. But to find rich gold land for me, they must overcome dense forests, deadly roads, and grass war with local miners on their epic journey. This event was a high-ranking cable event on Friday night with viewers reaching 3 million per episode. Although Todd has gotten an extraordinary amount of money, it has become increasingly profitable to generate $ 400 thousand dollars per season. The net wealth today is $ 5 million.

Hoffman’s parents married when they were 18 years old. Jack’s father was born in Portland Oregon and always had a dynamic way of speaking that pulled his mother to him at first. Todd grew up in Oregon and after college going to the flight business. To support Todd Jack started his own gold mining business in the 1980s which initially began very profitable and had helped Jack get more than $ 4 million. After several years working at Aviation Todd saw the job downhill in Oregon, he needed to change the gear.

But while his personal finances were flooded, he saw opportunities based on what happened in Washington: because the government approved the flood market with cash, the price of gold would rise. Todd Hoffman was in the wrong business when the market fell in the fall of 2008. He rented a hangar room on the air runway outside Portland, mostly companies. Unfortunately when the stock market and Econmy became uncertain for the company the first thing they slashed from their budget was transportation and Todd was left with almost nothing. He claimed he saw his life going to hell in the hand basket.

Inspired by his father he hired a group of unemployed friends. Todd uses the money to finance equipment that costs more than $ 1 million. Todd was originally optimistic after hearing the cost of increasing gold and some gold claims in Alaska. He and his team had to restart and restructure their lives around the search they moved to Alaska for several months on a long and uncertain journey. But for 3 years Todd can return more than $ 20 million in other valuable gold and minerals. Most of the money was first used to pay off the loan he was funded to get equipment and each of his crew paid handsomely. He then put the rest to fund their next trip to South America.