Erik Prince

Erik Dean Prince (born June 6, 1969) is an American businessman, philanthropist, and former U.S. Navy SEAL officer. Prince was best known for founding the government services and security company Blackwater USA. He served as its CEO until 2009 and later as chairman, until Blackwater Worldwide was sold in 2010 to a group of investors. Prince currently heads the private equity firm Frontier Resource Group and is chairman of Hong Kong-listed Frontier Services Group Ltd. He lives in both Virginia and Abu Dhabi, United Arab Emirates.

Early life and education

Prince was born on June 6, 1969, in Holland, Michigan, to Edgar D. Prince and Elsa Broekhuizen, the youngest of four children. Both his parents share Dutch heritage (the family name, Prins, was at some point anglicized to Prince). He graduated from Holland Christian High School.

Prince's father had started as a salesman making 40 cents an hour, who founded a die cast machine manufacturing firm, Prince Machine Corporation, in 1965, which became a supplier to the automobile manufacturing industry and eventually a billion-dollar company; As business "exploded" Prince began to invest some of the profit through the Prince Group into other types of car parts and shopping malls, creating a network of companies and real estate worth a billion dollars. In the early 1970s, Edgar Prince's company patented a sun visor that could light up and sold 5,000 to General Motors. In the '90s, the company produced 20,000 a day. Prince and his father toured the world together, visiting the German concentration camp Dachau, a divided Berlin, and Normandy. According to his mother, these trips "made a big impression" on the young Prince.