How much is Rick Harrison worth?
| Net Worth: | $10 Million |
|---|---|
| Profession: | Professional Businessman |
| Date of Birth: | March 22, 1965 (age 57) |
| Country: | United States of America |
| Height: | 5 ft 11 in (1.82 m) |
About Rick Harrison
Rick Harrison is a businessman and reality TV star known for his role on the show Pawn Stars, a popular series about the Gold & Silver Pawn Shop in Las Vegas, Nevada. Pawn Stars focuses on unique historical items that customers bring in and the intense negotiations that ensure as Rick Harrison and his son, Corey Harrison, along with Austin “Chumlee” Russell try to purchase the items at the best possible price.
Gold & Silver Pawn Shop employees will routinely call in outside experts who will provide interesting insights on the items and verify if they are indeed genuine antiques. Rick Harrison, Corey Harrison, and Chumlee will routinely make fun of each other, counteracting the intense business environment with a light-hearted banter that enhances the entertainment appeal of the show.
Rick Harrison was the driving force behind formulating the concept of Pawn Stars to TV executives, helping to successfully launch the show that has since redefined his career as a businessman. He is also currently the sole owner of the pawn shop after the death of his father Richard Harrison in 2018, who was the founder and part-owner of the store.
Harrison is most famous for his legendary negotiating skills in purchasing items from customers for resale at his shop. He refuses to overpay for any item in his store, no matter how desirable the item may be. He has coined several different phrases during his many negotiations portrayed on the show such as “best I can do is”, “I won’t go a penny more”, “I shouldn’t even be paying this much”, and “I’m not getting rich off of you” to name a few. Through these negotiation techniques and more, Harrison has routinely been able to make brilliant deals that have added to the store equity.
Most customers rarely have the guts to stand up to Rick, eventually giving in and selling their item at a lower offer than they would have preferred. However, a few customers stick to their price resulting in epic negotiating showdowns, a few of which end up with the customer angrily storming out.
After Pawn Stars was featured on a 2001 PBS documentary and the Comedy Central show Insomniac in 2003, Harrison spent several years pitching the idea of a reality show about his pawn shop to several networks and outlets, including HBO and YouTube. Eventually, the History Channel ran with the idea, creating a wildly popular show that has spanned 17 seasons and 577 episodes from 2009-2020. Harrison earns $15-20,000 per episode. Most of his net worth is attributed to his loans made in real life via his store.
Harrison’s ability to enhance the profitability of his business through his intense negotiating skills has also enlarged his legendary success. He infamously quipped in his 2003 appearance on Insomniac that a “Pawnbroker with a heart, is a pawnbroker out of business”.
Summing-Up
Rick Harrison is a successful businessman and reality TV star on the series Pawn Stars, a show that follows the operations of the Gold & Silver Pawn Shop. Most of the items featured on the show are of a historical bent, and many outside experts are brought in to provide insight about the items and authenticate them. Harrison is an intense negotiator, rarely overpaying for an item and often aggravating customers by refusing to budge from his final offer. His successful business acumen has enabled him to build a very successful business and brand and he continues to earn from the shop and also from his salary from the reality show of TV.
