Erik Prince Net Worth

What Is Erik Prince’s Net Worth?

Erik Prince is a former Navy SEAL and the founder of the private security company Blackwater, and a serial investor in various businesses. He currently owns one of the largest private security companies in the U.S.

As of January 2023, Erik Prince has an estimated net worth of $2 billion. As the founder of Blackwater Worldwide, a private military company that was one of its most successful and controversial companies, it is likely that he has amassed a significant amount of wealth from the venture.

There are several fascinating things to learn about Erik Prince. This exciting piece takes a closer look at Prince’s education, earnings overview, family, background, business dealings, and the controversies surrounding him.

Early Life

Erik Prince was born on June 6, 1969, in Holland, Michigan, United States, to Edgar Prince and his wife, Elsa Zwiep Prince. His father, Edgar Prince, was an industrialist, philanthropist, and a major donor to conservative causes and candidates, including the Republican Party.

Erik’s father died in 1995, at age 64, when he was just 26 years old.  He has a sister named Betsy DeVos, who served as the United States Secretary of Education under President Donald Trump.

Erik Prince attended the United States Naval Academy, graduating in 1992. After completing his service in the Navy, he attended Hillsdale College in 1993, where he completed his undergraduate degree in economics.

After completing his education, he founded Blackwater USA in 1997. The company quickly grew in size and prominence, and by the early 2000s, it had become one of the world’s largest and most well-known private military contractors.

Personal Life

Erik Prince had to deal with the death of his first wife, Joan at a very young age. She painfully died of breast cancer in 2003. Erik and Joan had four children during their time of marriage.

He luckily found a willing partner to help raise the 4 kids in 2004. Erik married Joanne Houck in 2004, and they have three children from their union as of 2011.

Prince married Joanna Ruth DeJonge in 1995, and they have two children. The couple divorced in 2018.

As of now, Erik is married to Stacy DeLuke, and he presently lives with his family in the United Arab Emirates. Erik Price converted to Christianity in 1992 and has remained a practicing Catholic.

Career

Erik Prince was born in 1969 and began his career as a U.S. Navy SEAL. He served in the military for several years before leaving in 1996 to start his own company. In 1997, he founded Blackwater USA, a private security firm that provided training and security services to military and government clients.

Blackwater quickly grew to become one of the largest private security companies in the world, with a staff of thousands and contracts with the U.S. government, including the Department of State and the CIA.

In 2007, Blackwater made headlines after a shooting incident in Baghdad, Iraq, where Blackwater contractors were accused of killing 17 Iraqi civilians. The incident led to legal cases and increased scrutiny of the company’s actions in Iraq.

In 2010, Prince sold Blackwater and left the company. He then started a new security firm, Frontier Services Group, which focuses on providing logistics and security services to companies operating in Africa and Asia.

In 2016 Prince was a vocal supporter of Donald Trump. In 2017, Prince was also reported to have met with a Russian official close to President Vladimir Putin as part of a back-channel effort to establish communication between the Trump transition team and the Kremlin.

In recent years, Prince has been involved in various controversies related to his business dealings and alleged ties to the Trump administration and foreign conflicts.

Erik Prince founded Blackwater Worldwide in 1997 as a private military company that specialized in providing security services, primarily to the United States government. The company became one of the most prominent private military contractors in Iraq and Afghanistan and was contracted by the U.S. Department of State to provide security for American diplomats.

The company’s actions and business practices were heavily criticized, and it rebranded several times, first to Xe Services LLC and then to Academi.

In addition to his role at Blackwater, Prince has also been involved in other business ventures, including a failed attempt to build a military training facility in the United Arab Emirates and a proposal to privatize the War in Afghanistan.

He has also been involved in Republican Party politics and has donated to political campaigns and organizations. He has also been a vocal advocate for smaller governments and has criticized US foreign policy.

Additional notable years in Erik Prince’s career include:

• 2009: Prince testifies before a U.S. House Oversight Committee regarding the incident in Iraq involving Blackwater.
• 2011: Prince founds Frontier Services Group, private security and logistics company based in Hong Kong.
• 2013: Prince becomes an advisor to the government of the United Arab Emirates and helps establish a security force in the country.
• 2017: Prince testifies before the U.S. House Intelligence Committee regarding a meeting he had with a Russian official in Seychelles during the presidential transition period.
• 2018: Prince unsuccessfully runs for governor of Michigan.
• 2019: Prince is named as a critical figure in the impeachment inquiry of President Donald Trump.
• 2020: Prince continues to be involved in various business and political endeavors, including speaking engagements and interviews on various news programs and podcasts.

Erik Prince’s Earning Overview

As of January 2023, Erik Prince has an estimated net worth of $2 billion. Erik Prince loves to support people with money. He is a voluntary giver who has helped the helpless, politicians, and organizations.

He made most of his money from his private security company and partnership with the U.S. government. He also made money off several of his serial investments.

However, estimating the specific amount Erik Prince makes from each of his businesses is challenging.

Erik Prince has contributed money to several Republican politicians over the years, including Mitt Romney, Mike Pence, Ron Paul, Pat Buchanan, and Donald Trump, who received a donation of $250,000 for his presidential campaign in 2016.

Erik Prince donated to conservative Christian organizations, the Family Research Council, the action institute for studying religion and liberty, and the prison fellowship.

Erik Prince’s Houses

Erik Prince, a wealthy and influential entrepreneur, has unimaginable wealthy properties. Erik Prince has a house in Middleburg, Virginia, Abu Dhabi, and the United Emirates.

It is clear that he also has houses worldwide since it’s still undisclosed.

Erik Prince’s Movies And Investments

Erik Prince is known for The Brink (2019), CNN Newsroom (1989), civilian warriors, and Erin Burnett Outfront (2017-2019). Prince has invested in various business ventures over the years, including:

1. Frontier Resource Group: a private equity firm that invested in mining, energy, and other natural resources in Africa and other developing countries.

2. Frontier Services Group: a Hong Kong-listed company that provides logistics and other support services to businesses operating in Africa and other frontier markets.

Newest Videos and News About Erik Prince

The latest news about Erik Prince reported that the Republican party doesn’t have much patriotism. If it did, the action and influence of Erik Prince would be a cause for concern. It implies that Prince’s views or actions may not align with traditional patriotic values associated with the Republican Party. His influence within the party would be seen as a negative thing.

Video 1: Erik Prince: The US military may not be as capable as they claim.

Video 2: Erik Prince’s stark warning: This is just the beginning.

Erik Prince’s Award, And Achievements

As the founder of Blackwater Worldwide, he has been recognized for his leadership and entrepreneurship in the private military industry. He has also been recognized for promoting smaller governments and criticizing US foreign policy.

It’s worth mentioning that the company Blackwater Worldwide was awarded several contracts by the United States government and was considered one of the most successful private military companies of its kind.

However, it’s also important to mention that the company was heavily criticized for its actions in Iraq and Afghanistan, including the Nisour Square massacre in Baghdad in 2007.

He has been a frequent guest on news programs and has written articles and opinion pieces on these topics. He has also been involved in Republican Party politics and has donated money to political campaigns and organizations supporting conservative causes.

It’s worth noting that despite any recognition or achievements, the controversies and legal issues related to his business practices and the actions of Blackwater Worldwide have been widely reported and criticized by the media and public.

Erik Prince Social Account?

Erik Prince does have social media accounts, but it’s worth mentioning that he could be a more active social media user. It is difficult to find any verified accounts under his Instagram and Facebook names, but he has an active Twitter account.

Twitter: https://twitter.com/erikprince

However, many fake accounts use his name and picture, so verifying the account’s authenticity before following them is essential.

Summary

Erik Prince is a former Navy SEAL and the founder of the private security company Blackwater USA, which gained notoriety for its role in the Iraq War. He has an estimated net worth of $2 billion, mostly from several businesses and companies.

He has been involved in various controversies and legal issues stemming from Blackwater’s actions in Iraq. In recent years, he has been involved in various business ventures, including an attempt to privatize the war in Afghanistan and provide security services in conflict zones.