Eric Sprott

Eric Sprott
Born1944 or 1945 (age 79–80)[1]
NationalityCanadian
Alma materCarleton University
OccupationInvestor
Known forSprott School of Business
SpouseVizma Sprott
Children2

Eric Sprott (born 1944/45) is a Canadian billionaire businessman.

Early life

Sprott has a bachelor's degree from Carleton University.[1]

Career

Sprott started his career as a research analyst with Merrill Lynch, before becoming a fund manager.[1][2] In 2001, he sold his first company, Sprott Securities, to the company's staff, and donated $10 million to Carleton University, who renamed their business school, the Sprott School of Business.[1]

Sprott advised investors to buy gold before the 2008 financial crash.[3] Following the financial crisis, gold rallied to a new all-time high of over $2000/oz.[4]

The Sprott Molybdenum Participation Corporation was a dedicated commodity hedge fund created in April 2007[5] to invest in molybdenum assets. The primary investment objective of the corporation was to achieve capital appreciation by investing in securities of private and public companies that explore for, mine, and process molybdenum.[6] The fund was listed on Toronto Stock Exchange under the ticker MLY.

He was the chairman of Sprott Inc, a Toronto-based asset management firm, from 2010 to May 2017.[2][3]

Sprott is a "long-time gold bull", and claims to hold 90% of his assets (except for Sprott Inc shares) in gold and silver.[2][1]

Personal life

Sprott is married to Vizma Sprott [7] and has two children, Juliana Haver and Larisa Sprott.[1][8]

References

  1. ^ a b c d e f "Eric Sprott". Forbes.com. Archived from the original on 9 September 2017. Retrieved 14 June 2017.
  2. ^ a b c Niall McGee (7 April 2017). "Gold-focused Sprott Inc. founder to step down as chair". The Globe and Mail. Archived from the original on 18 May 2017. Retrieved 14 June 2017.
  3. ^ a b "'Bay Street wizard' Eric Sprott, who told investors to 'Buy Gold' before the 2008 crash, will step down next month | Financial Post". Business.financialpost.com. Archived from the original on 12 June 2017. Retrieved 14 June 2017.
  4. ^ "2008 Financial Crisis Set Stage For Gold Rally". Kitco News. Archived from the original on 3 October 2021. Retrieved 3 October 2021.
  5. ^ Sprott Changes Mind about Moly[permanent dead link‍]
  6. ^ "Sprott Molybdenum Participation Corporation announces appointment of new board member". Archived from the original on 9 June 2011. Retrieved 15 August 2023.
  7. ^ Foundation, Toronto General & Western Hospital. "Eric and Vizma Sprott, through The Sprott Foundation, announce $25-million donation to UHN". www.newswire.ca. Retrieved 29 December 2022.
  8. ^ Magazine, Sprott Department of Surgery. "Scrubbing in". www.uhn.ca. Archived from the original on 10 August 2021. Retrieved 10 August 2021.


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