Erik Prince Net Worth

Net Worth:	$2 Billion
Date of Birth:	June 6, 1969 (55 years old)
Gender:	Male
Profession:	Businessperson
Nationality:	United States of America

What is Erik Prince’s Net Worth and Salary?

Erik Prince is an American businessman who has a net worth of $2 billion. He is the former US Navy SEAL and the founder of Blackwater Worldwide, a military-based company that oversees highly covert government operations.

The company was under investigation in 2007, and Erik resigned as its leader in 2009. The automobile accessories enterprise his father founded is the source of a large portion of Prince’s wealth.

The biggest private military business in the world today is Blackwater, which was founded in 1997.

The corporation has purportedly gotten classified contracts totaling $600 million from the Central Intelligence Agency (CIA) since 2001, in addition to receiving more than $1.6 billion in federal contracts.

After Erik left the company, Blackwater was sold to a group of investors in 2010 and changed its name to Academi in 2011. Prince penned and released “Civilian Warriors: The Inside Story of Blackwater and the Unsung Heroes of the War on Terror” in 2013.

Childhood

Erik Dean Prince was born on June 6, 1969, in Holland, Michigan. He was groomed by his father Edgar who is an engineer and businessman and his mother Elsa alongside his three older siblings.

Educational Background

Erik was schooled at Holland Christian High School and travels with his father at regular intervals. He studied for three semesters at the United States Naval Academy before earning a B.A. in economics from Hillsdale College in 1992.

Even though he was still in college, Erik worked as a volunteer firefighter and a cold-water diver for the local sheriff’s office. He afterward got a job as an emergency medical technician.

He received a White House internship in 1990 but drifted away when he was offered a position by California congressman Dana Rohrabacher.

In order to search for a mass grave in Nicaragua, Erik, who was 21 at the time, offered to go. In his subsequent recollection, he said, “We saw a mass grave: bones sticking out of the ground, hands bound with wire at the wrists.” Prince attended officer candidate school in 1992 and joined the US Navy as an officer.

His service with SEAL Team 8 in the Middle East, Haiti, and the Balkans came after he eventually joined the Navy SEALs.

Erik left the Navy following the death of his father in 1995 and ran Prince Machine Corporation until his mother sold it to Johnson Controls for $1.35 billion the following year.

Relationships With Trump’s campaign

Erik discussed Iran’s strategy in an August 2016 meeting at Trump Tower with George Nader, Joel Zamel, and Donald Trump, Jr. According to Nader, who is reported to have said as much during the meeting, the crown princes of the United Arab Emirates and Saudi Arabia reportedly wanted to help Donald Trump win the election.

Prince attended a summit in Seychelles in January 2017 that was convened by the crown prince of the United Arab Emirates, Mohammed bin Zayed Al Nahyan.

The Washington Post stated in April 2017 that this meeting was “part of an apparent effort to establish a back-channel line of communication between Moscow and President-elect Donald Trump.”

Although Erik claimed in his witness statements to the House Intelligence Committee that he did not represent the Trump transition and that there was no back channel involved, the Special Counsel discovered evidence that was in direct opposition to his claims.

Adam Schiff, the head of the House Intelligence Committee, referred a case for criminal prosecution to the Justice Department in April 2019 on the grounds that Prince had given false testimony. The Justice Department launched an inquiry in early 2020.

The New York Times reported in March 2020 that Erik hired ex-spies to sabotage “Democratic congressional campaigns, labor organizations, and other groups considered to be hostile to the Trump agenda.”

Blackwater

Blackwater Worldwide was funded by Prince, who migrated to Virginia Beach in 1997. His plan to construct a special operations school was motivated by the 1994 Rwandan genocide and resulted in him purchasing 6,000 acres of land in North Carolina’s Great Dismal Swamp.

Blackwater became the largest private security provider for the State Department, providing approximately 1,000 guards for facilities and embassies abroad.

In his autobiography, Erik claimed to have assisted in establishing contacts between the CIA and Afghan warlords who “[drove] al Qaeda into hiding” and contributed to the downfall of the Taliban.

Three of the company’s guards were found guilty of manslaughter in October 2014; a fourth guard was found guilty of murder in 2019.

Employees of Blackwater killed 17 Iraqi civilians in September 2007 after opening fire in Baghdad’s Nisour Square.

Erik’s name was released to the public by the House intelligence legislative committee. Erik once served on a CIA task team tasked with executing terrorists.

He claims that after the task group was disbanded in 2009, former CIA director Leon Panetta outed him. Erik relocated to Abu Dhabi, United Arab Emirates, in 2010 when the crown prince engaged him to put together “an 800-member battalion of international troops for the U.A.E.”

He began educating 2,000 Somalis to fight piracy in the Gulf of Aden in January 2011. Later, Erik Prince took on the roles of chairman of the logistics and transportation company Frontier Services Group Ltd. and CEO of the private equity firm Frontier Resource Group.

Personal Relationship

Joan Nicole and Erik were married in 1991, and before Joan passed away from cancer in 2003, they had four children together: Sophia, Christian, Isabella, and Erik. Joanna Houck, who had previously worked as the children’s nanny, and Prince started an affair while Joan was ill; she became pregnant before Joan passed away.

Prior to getting divorced in 2012, Erik and Joanna were married in 2004 and had three kids together.

Later, Stacy DeLuke, a former spokesman for Blackwater, wed Prince. Since making the religious change in 1992, Erik has been a devout Catholic.

Philantrophy

Prince has contributed to a number of Republican candidates, including Mitt Romney, Ron Paul, Mike Pence, Pat Buchanan, and Pat Buchanan.

He also contributed $250,000 to Donald Trump’s 2016 presidential campaign.

Erik established the Freiheit Foundation in the 1990s and is the vice president of the Prince Foundation, which was established by his parents in 1979 and supports conservative Christian causes.

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