Eric Sprott Net Worth

Eric Sprott’s net worth is
$1.12 billion

Eric Sprott Wiki Biography

Born in Canada in 1944, Eric Steven Sprott is an investor and businessman acclaimed for his success in investing and business acquisitions. He played a pivotal role in funding the Sprott School of Business, which has significantly contributed to his current net worth.

As of mid-2017, Eric Sprott’s net worth is estimated to be $1.12 billion, predominantly amassed through his successful ventures. He has been prominently associated with various companies, including Sprott Resource Corp, Sprott Resource Lending Corp, Sprott Energy Opportunities Trust, and Sprott Physical Silver Trust, all of which have significantly bolstered his wealth.

Eric Sprott Net Worth $1.12 billion

Eric obtained his bachelor’s degree from Carleton University in Ottawa. Beginning his career as a research analyst at Merrill Lynch, he progressed to become a fund manager. Subsequently, he established his own business, Sprott Securities, in 1981, propelling his net worth. He later sold Sprott Securities, which transformed into Cormark Securities Inc., one of the largest privately owned security agencies in Canada. He also donated $10 million to Carleton University, leading to the renaming of their business school to the Sprott School of Business.

Eric continued to invest in various businesses, including gold and silver acquisitions. His advocacy for gold acquisition prior to the 2008 financial crash and the establishment of the Toronto-based asset management firm Sprott Inc. in 2010, where he served as chairman until 2017, have been instrumental in augmenting his net worth. Currently, a substantial portion of his assets, excluding shares in Sprott Inc, are in gold and silver, reaffirming his reputation as a gold bull. His diverse investments have significantly propelled his wealth over the years.

Eric holds the position of Chairman at Kirkland Lake Gold, and is also Chairman Emeritus of Sprott Inc., the parent company of all other Sprott businesses. Additionally, he serves as Chairman of Sprott Consulting, and as CEO of Sprott Private Wealth. His roles extend to being a Senior Portfolio Manager at Sprott Physical Platinum and Palladium Trust, and being part of the boards of Sprott Resource Corp, Ascot Resources, Sprott Inc, and Sprott Asset Management. He was formerly the CEO of Sprott Molybdenum Participation Corp, and holds shares in these companies as well as assets in other mining corporations.

Regarding his personal life, Eric maintains a private profile. However, it is known that he is married with two children, one of whom, Larissa, is the president of Sprott Money Ltd. He also runs a blog called “Eric Sprott,” focusing mainly on podcasts discussing the current state of gold and silver in the markets. He has authored various articles and books on the subject, with many sources speculating that his path to wealth was marked by unconventional methods.



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