Mike Wolfe was born on November 11, 1964 in Joilet, Illinois, and is the oldest of 15 children. åÊ15! åÊHe began pulling bicycles out of his neighbor’s trash when he was just six years old. åÊHe once saw a pile of bicycles in the trash and was so excited that he did not even go to school that day digging the bicycles out. åÊWhen he brought them home and dumped them in the front yard his mother gave up her parking spot in the garage to allow Wolfe to start his first bike shop. åÊThat started a 4 decade long love affair with bikes. åÊHis next stop was as a bike messenger in Chicago, which proved too far away from then girlfriend so he sought a job at “Bike n Hike” in Davenport, which he got building bikes. åÊHe was building bikes all day long and one of the best salesman, but spent a most of his money on bicycles explained the TV personality in an interview with bicycling.com. åÊAfter seeing the owner’s secret collection of older bicycles, Wolfe was dead set on owning a tank bike. åÊStriking out in his hometown, he hit the road looking in old barns and such for the bike and eventually ended up buying a lot of old bikes he came across and selling them for a large profit. åÊWolfe explained he was making a lot of money for someone used to making $7 an hour. åÊThe rest is history.
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2. Income & Salary
Eventually Wolfe opened up his own bicycle shop and it did do well that he ended up opening a second store. åÊA fire in an upstairs apartment ruined the first shop and sent Wolfe into a tailspin financially. åÊThat is when he went on the road to become a full time picker which he has been doing ever since. åÊWolfe has also been a Cat 3 and Cat 4 competitive cyclist.
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3. Estimated Net Worth
After pitching the idea of a TV show to several networks, The History Channel agreed to pick it up and on January 18, 2010åÊAmerican Pickers drew in 75.1 million viewers. åÊIt is the highest rated non-fiction program among 25 to 54 year olds. åÊIn the 4th season the show had 420.7 million viewers a week. åÊThat’s more than the population of the United States.Wolfe has written 2 books including Kid Pickers and American Pickers Guide to Picking as well as started a number of side businesses including “Rustorations”.Wolfe has a net worth estimated at about $3 million dollars. åÊFor his part onåÊAmerican Pickers he is paid $500,000 per season. åÊNaturally Wolfe has great taste that certainly lean a little on the older more antique side of things. åÊAs a collector who works in the field of collecting, his personal collection is enviable. åÊIt includes a number of cool picks including a Red Early 50’s Ford F1 pick up truck, A ’62 VW Panel Van (no windows in the back) with a faded out flat turquoise paint. åÊHe also owns a ver cool VW Single Cab bus that is also a hawk’s bill model. åÊIt has been dropped and has a very cool luggage rack on the top. åÊRounding out the VW collection is a classic looking ’53 bug painted a very cool blue color. åÊWolfe’s motorcycle collection includes a smooth-as-a-kitten 1948 Indian Chief – the grandaddy of American motorcycles, a 1934 Harley VL, which we assume uses some oil here and there, and ’41 Knuckle. åÊAntique motorcycles in Wolfe’s collection include a fantastically restored 1913 Harley, a 1912 Indian with a helping of oxidation on the side, a 1913 Indian racer, and a BSA Salt Flat Racer with 2 motors. åÊWow!