Who is Erik Prince?
Erik Prince is an American businessman, former U.S. Navy SEAL officer, and the founder of the private military company Blackwater. He served as Blackwater’s CEO until 2009 and as its chairman until its sale to a group of investors in 2010.
Prince heads the private equity firm Frontier Resource Group and served as chairman of the Hong Kong-listed Frontier Services Group until 2021. Prince is the son of engineer and businessman Edgar Prince, and the brother of former U.S. Secretary of Education Betsy DeVos.
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Biography
Erik Prince was born on June 6, 1969, in Holland, Michigan. He is the youngest of four children. He graduated from Holland Christian High School in 1987.
Prince attended the United States Naval Academy for three semesters before leaving to attend Hillsdale College, where he graduated with a bachelor’s degree in economics in 1992.
After college, Prince joined the United States Navy SEALs, where he served for four years. He deployed with SEAL Team 8 to Haiti, the Middle East, and the Balkans.
In 1995, Prince founded Blackwater, a private military company that provided security services to governments and businesses. Blackwater played a major role in the Iraq War and other conflicts.
Prince sold Blackwater in 2010 and has since been involved in a number of other business ventures. He is the head of Frontier Resource Group, a private equity firm that invests in Africa. He is also the chairman of Frontier Services Group, a logistics and transport company.
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Age and Birthday
Erik Prince was born on June 6, 1969. He is currently 54 years old.
Personal Life
Prince has been married three times and has four children. He is a practicing Catholic.
How much did Erik Prince sell Blackwater for?
According to research, the founder of Blackwater’s reportedly sold the private security company for $200 million dollars. The company faced a lot of critics and different law suits following an incident that happened in 2007. In one of their operation in Iraq, about 17 Iraqi were reportedly killed.
What is Erik Prince’s Net Worth Today?
Erik Prince’s net worth is estimated to be around $2 billion.
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Career
Erik Prince’s career has been focused on the security industry. After serving in the U.S. Navy SEALs, he founded Blackwater, a private military company that became one of the largest in the world. Blackwater provided security services to the U.S. government and other clients in Iraq, Afghanistan, and other conflict zones.
In 2010, Prince sold Blackwater to a group of investors. The company was renamed Academi, and it continues to operate today.
Erik Prince has also been involved in a number of other business ventures, including the founding of Frontier Resource Group, a private equity firm that invests in Africa, and Frontier Services Group, a logistics and transport company.
In addition to his business career, Prince has also been involved in politics. He is a supporter of former President Donald Trump and has donated to Republican candidates.
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