Eric Prince is an American businessman and former US Navy SEAL officer. He is the founder of the private military company Blackwater USA, now known as Academi. Eric was the CEO of the company until 2009. As of 2021, Eric Prince’s net worth is estimated to be around $2 billion.
Erik Prince will charge $6,500 for a ticket for a charter flight that will carry passengers from Kabul, Afghanistan.
|Full Name||Erik Prince|
|Birth Date||June 6, 1969|
|Birth Place||Holland, Michigan, U. S.|
|Profession||Founder of Blackwater USA, Military defense contractor|
|Net Worth||$2 billion|
Erik Prince was born on June 6, 1969 in the Netherlands, Michigan, USA. He was born the youngest son of his parents Edgar D. Prince and Elsa. His father was a businessman who founded the Prince Corporation. He traveled the world with his father, visiting the battlefields of Normandy and the Dachau concentration camp in Germany.
Prince’s older sister, Betsy DeVos, was the United States Secretary of Education. For secondary education, she studied at Dutch Christian High School. She attended the United States Naval Academy for three semesters. She then enrolled at Hillsdale College in 1992, where she earned a bachelor’s degree in economics.
While in Hillsdale, Price worked as a volunteer firefighter and cold water diver for the Hillsdale County Sheriff’s Department. He later became a paramedic. A few years later, in 1990, he began working as a White House intern under President George W. Bush. In 1992, after graduating from college, he was drafted into the United States Army.
Erik Prince’s Net Worth and Career
Prince soon became a Navy SEAL and was deployed to Haiti as part of SEAL Team 8. In 1995, he soon retired from the US Navy and moved to Virginia Beach. In 1997 he founded the private military company Blackwater Worldwide. The company received $2 billion in government security contracts between 1997 and 2010. Blackwater quickly became the largest private security company, providing 987 security guards for embassies and bases abroad.
In 2009, Prince’s Blackwater lost a $1 billion contract after Blackwater workers killed 17 Iraqi civilians in Baghdad and seriously injured more than 20 others. He lost a contract to protect US diplomatic personnel after the Iraqi government refused to renew Blackwater’s license.
Prince was the CEO of the company but resigned on March 2, 2009. However, he remained chairman of the board until late 2010 before the company was sold to a group of investors. In 2010 he moved to Abu Dhabi after being hired by the Crown Prince of Abu Dhabi. There, he helped the UAE establish Reflex Responses.
Eric led the private equity firm Frontier Resource Group until April 13, 2021. He also served as Chairman of China-Africa Aviation Company Frontier Services Group Ltd. In April 2019, Prince made an $80 million offer to Khalifa Haftar. , where he was assigned the task of supplying aircraft and other military equipment. However, in June 2019 the project was closed.
Prince recently made headlines after it was revealed that he intended to charge passengers on an evacuation charter flight from Kabul, Afghanistan, $6,500 per seat. Prince went on to say that the tax would cover the costs of getting in and out of the airport. Passengers have to pay more if they have to get to the airport from the capital.
Erik Prince’s personal life
Erik Prince has been married three times. He was first married to Joan Nicole in 1991. He had four children with his first wife, Joan, who died of cancer in 2003. In 2004 he married Joanna Ruth Hawke. Joanna was the nanny of his children, with whom he had an affair when his wife was dying.
Prince split from Joanna in 2012 and later married former Blackwater spokeswoman Stacey DeLuc. The prince has seven children from three marriages.
Erik Prince net worth
As of 2021, Eric Prince’s personal fortune is estimated to be around $2 billion. The prince was very active in political and charitable causes. Between 1998 and 2007 he donated more than $200,000 to the Republican. Also, in 2016 he donated $250,000 to Donald Trump’s presidential campaign.