Eric Sprott: Biography, Career, and Business Insights

Eric Sprott’s Profile Summary

Company	Sprott Inc
Position	Chairman Emeritus
Source of wealth	Management fees from Sprott Asset Management, early investments in mining companies, substantial holdings in gold and silver
Also known as	Philanthropist, Junior mining company investor, Gold and silver advocate.
Age	82
Education	Carleton University – Bachelor's degree in Commerce
Citizenship	Canadian
Residence	Toronto, Canada
Family	Eric Sprott is married to Vizma Sprott and has two daughters, Juliana Haver and Larisa Sprott.
Website, Social Media	https://www.sprott.com/

Biography

Eric Sprott, born in 1944 or 1945, is a Canadian billionaire renowned for his influence in precious metals investing and the mining industry. He holds a bachelor's degree in commerce from Carleton University, where he was later honored with an honorary doctorate. Sprott’s career began as a research analyst at Merrill Lynch, before he founded Sprott Securities, now Cormark Securities, in 1981. He then established Sprott Asset Management in 2001, which became a key player in the global precious metals investment space. Known for his foresight, Sprott gained prominence by advocating for gold investments before the 2008 financial crisis, earning him a reputation as a "gold bull." Over the years, Sprott has supported junior mining companies and spearheaded the rise of many through strategic investments and financial backing. His involvement extended to several prominent companies, including his investment in Kirkland Lake Gold, where he played a pivotal role as Chairman. Outside of business, Sprott is also a major philanthropist, contributing over $337 million to various charitable causes through the Sprott Foundation. His influence in both business and philanthropy has earned him several honors, including being inducted into the Canadian Mining Hall of Fame and receiving the Queen Elizabeth II Diamond Jubilee Medal

How did Eric Sprott make money?

Eric Sprott makes money in the following areas:

Management fees from Sprott Asset Management, early investments in mining companies, substantial holdings in gold and silver
What is Eric Sprott net worth?

As of 2026, Eric Sprott’s net worth is estimated to be $1.24B.

What is Eric Sprott also known as?

Eric Sprott is highly recognized for his extensive philanthropic work. He established the Sprott Foundation in 1988, focusing on addressing urgent social needs such as hunger and homelessness. His contributions exceed $337 million, including significant donations to institutions like Carleton University and the University Health Network. Moreover, Sprott has been a vital figure in supporting junior mining companies, where his investments and guidance have helped elevate small firms to significant industry players. His advocacy for gold and silver investments has made him a notable figure in the precious metals sector, where he continues to influence market movements

Prominent achievements

Eric Sprott was inducted into the Investment Industry Hall of Fame and the Canadian Mining Hall of Fame, received the Queen Elizabeth II Diamond Jubilee Medal in 2012, was named a Member of the Order of Canada in 2013, and played a pivotal role in the growth of Kirkland Lake Gold. He has also donated over $337 million through the Sprott Foundation, contributing to numerous social causes

Closed a $20 million investment in New Found Gold on August 27, 2025.

Trading Strategy

Eric Sprott is a long-term value-oriented commodity investor, focusing on macroeconomic themes, particularly in gold, silver, and mining equities. He allocates capital based on deep fundamental analysis of resource companies, looking for underpriced juniors with strong assets and potential for exponential growth. Sprott’s strategy includes taking large stakes in early-stage miners and holding through commodity cycles. He is opportunistic, often scaling into positions during market stress, and emphasizes asymmetric payoff potential rather than short-term timing.

What are Eric Sprott’s key insights?

Eric Sprott’s business philosophy centers around a strong belief in precious metals, particularly gold and silver, as long-term stores of value. He has a reputation for taking high-risk, high-reward bets in the mining sector, and has often emphasized persistence in the face of market downturns. Sprott has been known to do extensive research on junior mining companies, looking for undervalued opportunities, and is a strong advocate of diversification within precious metals.

Personal life

Eric Sprott’s wife, Vizma Sprott, has been deeply involved in philanthropic efforts alongside him through the Sprott Foundation. His daughter, Larisa Sprott, is also part of the family business legacy, serving as the President of Sprott Money Ltd., an online bullion dealership. His other daughter, Juliana Haver, remains more private but is a part of the family.

Useful insights

Essential books for stock and Forex traders

These essential books provide traders with timeless strategies and practical knowledge to build a strong foundation in stock and Forex markets, and enhance trading success.

Alexander Elder - "Trading for a Living"
- Summary:
  
  Elder’s book is a comprehensive guide that covers the mental, technical, and risk management aspects of trading. It combines psychological discipline, effective trading strategies, and money management techniques to help traders build a sustainable career.
- Why read it:
  
  It is a great starting point for beginners and a valuable resource for experienced traders who want to refine their approach. Elder's focus on the psychology of trading is particularly useful for developing discipline and avoiding common emotional pitfalls.
Jack D. Schwager - "Market Wizards"
- Summary:
  
  In this classic work, Schwager interviews some of the world’s most successful traders, uncovering their strategies, mindsets, and trading philosophies. The book provides a rare glimpse into the minds of top traders across various markets, including stocks, Forex, and futures.
- Why read it:
  
  Learning directly from legendary traders can help you adopt proven strategies and avoid costly mistakes. The interviews offer timeless insights that can benefit both novice and seasoned traders.