Edgar Prince Net Worth (Updated 2025).

Edgar Prince, a name synonymous with innovation and entrepreneurship, began his career in the late 1950s, fueled by a passion for electronics and a keen business acumen. Born in 1926, Prince honed his skills as a young man, working in a local radio shop and tinkering with radios and other devices in his free time. His curiosity and aptitude led him to start his first business, Prince Electronics, in 1955, specializing in the repair and manufacturing of electronic components.

As the 1960s dawned, Prince’s reputation for quality and innovation grew, drawing the attention of major automakers. In 1963, he secured a significant contract with General Motors to develop and produce ignition wiring harnesses, marking a turning point in his career. This partnership allowed Prince to expand his operations and invest in research and development, setting the stage for his company’s transformation into a global automotive supplier.

Edgar Prince’s Current Net Worth (2025)

As of 2025, Edgar Prince’s current net worth is estimated to be around $1.5 billion, according to Forbes. This figure reflects his significant contributions and success in the automotive industry.

Career

Edgar Prince co-founded the automotive parts manufacturer, Prince Manufacturing, in 1965. He served as the company’s president until 2000, when he stepped down to focus on other ventures. Under his leadership, the company grew to become a major supplier for General Motors and other automakers.

Other Ventures

Beyond Prince Manufacturing, Edgar Prince has invested in various other businesses. He is a co-owner of the Detroit Red Wings hockey team and has interests in real estate, including the Prince Conference Center in Grand Rapids, Michigan.

Assets

Edgar Prince’s assets include a significant stake in the automotive parts business, as well as real estate holdings. His primary residence is a sprawling estate in Holland, Michigan, valued at over $10 million. He also owns a private jet and a collection of luxury cars.

Annual Income

Edgar Prince’s annual income is primarily derived from his investments and business ventures. While the exact figure is not public, it’s estimated to be in the tens of millions of dollars. His annual income from Prince Manufacturing alone was reportedly over $20 million at the company’s peak.

Frequently Asked Questions about  Edgar Prince

Frequently Asked Questions about Edgar Prince Net Worth

1. What was Edgar Prince’s net worth?

Edgar Prince’s net worth was estimated to be around $5.5 billion.

2. How did Edgar Prince make his fortune?

Edgar Prince made his fortune through his company, Prince Corporation, which he founded in 1959. The company specialized in the production of seating systems for the automotive industry.

3. When was Edgar Prince born?

Edgar Prince was born on April 18, 1928.

4. Where was Edgar Prince born?

Edgar Prince was born in Muskegon, Michigan, USA.

5. When did Edgar Prince pass away?

Edgar Prince passed away on March 5, 2000.

6. How old was Edgar Prince when he died?

Edgar Prince was 71 years old when he died.

7. Who are Edgar Prince’s children?

Edgar Prince had four children: Erik, Betsy, Elissa, and Marc. His daughter Betsy is married to Education Secretary Betsy DeVos.

8. What is the Prince Foundation?

The Prince Foundation is a philanthropic organization founded by Edgar and Elsa Prince. It supports various charitable causes, including education, healthcare, and community development.

9. What was Edgar Prince’s political affiliation?

Edgar Prince was a Republican and was involved in political fundraising. He was also a significant donor to the Republican Party.

10. Where is Edgar Prince buried?

Edgar Prince is buried at Oak Hill Cemetery in Grand Rapids, Michigan.