Eric Steven Sprott was born on 1944, in Canada, and is an investor and businessman, best known for his success in investing as well as business acquisitions. He helped fund the business school, the Sprott School of Business. All of his efforts have helped put his net worth to where it is today.
How rich is Eric Sprott? As of mid-2017, sources estimate a net worth that is at $1.12 billion, mostly earned through success in numerous endeavors. He’s been a figurehead in numerous companies such as Sprott Resource Corp, Sprott Resource Lending Corp, Sprott Energy Opportunities Trust, and Sprott Physical Silver Trust. All of these achievements ensured the position of his wealth.
Eric Sprott Net Worth $1.12 billion
Eric attended Carleton University in Ottawa, and would earn his bachelor’s degree there. He stated his career as part of Merrill Lynch working as a research analyst, and eventually worked his way up to become a fund manager. He then left the company to form his own business – Sprott Securities – in 1981, which would help build his net worth significantly. Eventually, he sold Sprott Securities to his staff, and it would become Cormark Securities Inc., now one of the biggest privately owned security agencies in Canada. He would donate $10 million to Carleton University. The university would then rename their business school, the Sprott School of Business.
Sprott then continued with investing his money in various businesses. He also started buying gold and silver to support his assets – prior to the 2008 financial crash, he advised investors to buy gold. In 2010, he created the Toronto-based asset management firm Sprott Inc. in which he served as chairman from 2010 to 2017. He now claims that around 90% of his assets except for shares in Sprott Inc are in gold and silver, so he has become well known for being a gold bull. Thanks to his numerous investments, his net worth has risen significantly over the years.
His is the Chairman at Kirkland Lake Gold, and remains as Chairman Emeritus of Sprott Inc., considered the parent company of all other Sprott businesses. He also continues to serve as Chairman of Sprott Consulting, and is the CEO of Sprott Private Wealth. He also works as the Senior Portfolio Manager at Sprott Physical Platinum and Palladium Trust, and is also part of the boards of Sprott Resource Corp, Ascot Resources, Sprott Inc, and Sprott Asset Management. He was also the previous CEO of Sprott Molybdenum Participation Corp. He has shares in all of these companies, as well as assets in other mining corporations.
For his personal life, Eric does keep it private, but it is known that Eric is married and has two children, of whom daughter Larissa is president of Sprott Money Ltd. He also maintains a blog called “Eric Sprott” which is mainly filled with podcasts discussing the current state of gold and silver in the markets. He’s written various articles on the topic and has also sold books on it too. Many sources speculate that Eric’s path to wealth was filled with unconventional methods.
