Birthplace: Sandy, Oregon
Wife:Shauna Hoffman
Children: Hunter, Hudson,
Father: Jack Hoffman
Net Worth: $5 Million
Now in the third season of Gold Rush has become one of the highest Discovery Channel series. His father and son of the gold miners Jack Hoffman, 65 years old and his son Todd Hoffman is now 49 starting the mining of gold placer deposits found in Alaska and Klondike.
The event initially followed several teams but now focused more on the men’s father team. After stopping mining at Klondike, Todd pointed his gaze to South America and flew his crew to Peru. But to find a rich golden land for me, they must overcome dense forests, deadly roads, and grass war with local miners in their epic journey. This event was the highest ranked cable event on Friday night with viewers reaching 3 million per episode. Although Todd has received an extraordinary amount of money, it becomes more profitable to produce $ 400 thousand dollars per season. Today’s net wealth is $ 5 million.
Hoffman’s parents married when they were 18 years old. His father Jack was born in Portland Oregon and always had a dynamic way that attracted his mother at first. Todd was raised in Oregon and after college went to the aviation business. To support Todd Jack starting his own gold mining business in the 1980s which initially began to be very profitable and had helped Jack get more than $ 4 million. After a few years working at Aviation Todd seeing the occupation decline in Oregon, he needs to change gear.
But while his personal finances flooded, he saw opportunities based on what happened in Washington: When the government agreed to flood the market with cash, the price of gold will rise. Todd Hoffman was in the wrong business when the market fell in the fall of 2008. He rented a hangar space on an airfield outside of Portland, Oregon, mostly to the company. Unfortunately when the stock market and econmy became uncertain for the company, the first thing they got rid of from their budget was transportation and Todd was left almost non -existent. He claimed he saw his life in hell in the basket.
Inspired by his father, he employed a group of unemployed friends. Todd uses his money to finance equipment that costs more than $ 1 million. Todd was initially optimistic after hearing the cost of an increase in gold and some gold claims in Alaska. He and his team had to restart and restructure their lives around their search for gold that moved to Alaska for several months on a long and uncertain journey. But for 3 years Todd was able to replace more than $ 20 million in gold and other precious minerals. Most of the first time the money was used to pay off loans financed to get equipment and each of the crew paid handsomely. He then placed the rest to fund their next trip to South America.