Erik Prince Net Worth
How Much Does Erik Prince Make?
Erik Prince is the American founder and sole owner of the private military company Xe, formerly Blackwater Worldwide.Testifying before the United States House Committee on Oversight and Government Reform on October 2, 2007, he gave his title as chairman and CEO of the Prince Group and Blackwater Worldwide, then named Blackwater USA. On March 2, 2009, Prince announced that he was stepping down as CEO of Xe.
His Estimated Net Worth is US $ 2.4 Billion.
After college, he earned a commission in the United States Navy after joining in 1992 via Officer Candidate School and became a Navy SEAL. He deployed with SEAL Team 8 to Haiti, the Middle East, and the Mediterranean, as well as Bosnia. When his father unexpectedly died in 1995, Prince ended his Navy service prematurely. Prince's mother sold the Prince Corporation for $1.3 billion in cash to Johnson Controls, Inc. Prince moved to Virginia Beach and personally financed the formation of Blackwater Worldwide in 1997. He bought 6,000 acres (24 km2) of the Great Dismal Swamp of North Carolina and set up a school for special operations. The name "Blackwater" comes from the peat-colored bogs in which the school is located.
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