Erik Prince

Erik Dean Prince (born June 6, 1969) is an American businessman, investor, author, and former U.S. Navy SEAL officer who is the founder of Blackwater. He was Blackwater's CEO until 2009 and its chairman until its sale to a group of investors in 2010. Prince founded the private equity firm Frontier Resource Group in 2012 and was chairman of the Hong Kong-listed Frontier Services Group until 2021. Prince is the son of engineer and businessman Edgar Prince, and the brother of former U.S. secretary of education Betsy DeVos.

Prince was born on June 6, 1969, in Holland, Michigan, the son of Edgar D. Prince and his wife, Elsa (Zwiep), and the youngest of four children. He graduated from Holland Christian High School. Prince and his father toured the world together, visiting the Dachau concentration camp, divided Berlin, and the battlefields of Normandy. According to his mother, these trips "made a big impression" on the young Prince.

Prince was accepted into the United States Naval Academy and attended for three semesters before leaving, explaining that he loved the Navy but disliked the academy. He went on to receive his B.A. in economics from Hillsdale College in 1992. During his time at Hillsdale, he served as a volunteer firefighter and as a cold-water diver for the Hillsdale County Sheriff's Department. Prince eventually became an emergency medical technician.

In 1990, Prince secured an internship in the White House under George H. W. Bush, but soon left to intern for California congressman Dana Rohrabacher, President Ronald Reagan's former speechwriter. Rohrabacher described Prince as "a bright, driven young man." At the age of 21, Prince volunteered to search for a mass grave in Nicaragua, to expose killings that had taken place under President Daniel Ortega and later said that he had found the mass grave.

After college, Prince was commissioned as an officer in the United States Navy via Officer Candidate School in 1992. Prince then received orders to Basic Underwater Demolition/SEAL training (BUD/S) at Naval Amphibious Base Coronado. After six months of training, Prince graduated with BUD/S class 188 in 1993. Following SEAL Tactical Training (STT) and completion of six month probationary period, he received the 1130 designator as a Naval Special Warfare Officer, entitled to wear the Special Warfare insignia. He deployed with SEAL Team 8 to Haiti, the Middle East, and the Balkans. He credits the SEALs for being an outlet for his entrepreneurial spirit. In his autobiography he states that during the Yugoslav Wars in the early 1990s, he realized that there was a need for private training facilities for special operations. Following his father's death in 1995, Prince ended his U.S. Navy service prematurely. A year later, Prince helped facilitate the sale of his father's auto parts company to Johnson Controls for US$1.35 billion.

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.

Prince credits the 1994 Rwandan genocide with his decision to found Blackwater. He later said, "It really bothered me. It made me realize you can't sit back and pontificate. You have to act."

From 1997 to 2010, Blackwater was awarded $2 billion in government security contracts, more than $1.6 billion of which were unclassified federal contracts and an unknown amount of classified work. From 2001 to 2010, the Central Intelligence Agency (CIA) awarded up to $600 million in classified contracts to Blackwater and its affiliates. It became the largest of the State Department's three private security companies, providing 987 guards for embassies and bases abroad. Prince built a shooting range on his rural Virginia land as a nearby training facility to CIA headquarters in Langley, Virginia.