Erik Prince Net Worth: Erik Prince is an American businessman and former US Navy SEAL who has a net worth of $2.4 billion dollars. Erik Prince was the founder and owner of the military company, XE, also known as Blackwater Worldwide, which carried out highly secretive government operations. It came under scrutiny in 2007 and Prince stepped down as its head in 2009. Much of Prince's fortune comes from an automotive accessory empire started by his grandfather.
Born Erik Dean Prince on June 6, 1969, in Holland, Michigan, US, he is best known for founding the world's largest private military company, Blackwater USA. Starting in 1997, Blackwater Worldwide is the largest private military company in the world today. Not only it was awarded with more than $1.6 billion worth of federal contracts, but the company has also received $600 million worth of classified contracts from the Central Intelligence Agency (CIA) since 2001.
The current administration under Barack Obama has already granted them with $120 million worth of United States Department of State Security contract. As for the new CIA, it awarded them with about $100 million worth of contract in 2010. Meanwhile, the company went through major public scrutiny and criticisms in 2007. Two years later, Erik Prince stepped down as Chairman of the Board and in 2010, Blackwater Worldwide was sold to a group of investors. When it comes to his private life, he was first married to Joan Nicole Prince until her death in 2003. The pair have four children together. Later on, he married his second wife Joanna Ruth Prince, with whom he has three children. Reportedly, he now lives in the United Arab Emirates.
