Eric Sprott is a Canadian hedge fund manager and founder of Sprott Asset Management. He became a billionaire on paper with the initial public offering of Sprott Inc. (ticker: SII.Canada), the parent of his Sprott Asset Management firm.
In August 2011, Sprott was acknowledged by Bloomberg as a 'hidden billionaire.' The publication estimated Sprott's worth at $1.3 billion, largely based on his publicly disclosed holdings in Sprott Inc. and Sprott Physical Gold Trust. 
In 1981, Eric Sprott, CA, founded Sprott Securities Ltd. (now Cormark Securities Inc.), an institutional brokerage firm focused on small-to-mid capitalization companies, servicing Canadian corporate and institutional investors.
In the year 2000, Eric Sprott made the decision to focus solely on the investment management business. Accordingly, the “investment management division” of Sprott Securities Inc. (now Cormark Securities Inc.), was spun-off to form a separate entity now known as Sprott Asset Management LP. Consequently, SAM was founded with an already established successful historical track record of managing assets through Sprott Managed Accounts since 1981 and the Sprott Canadian Equity Fund since 1997. Sprott Securities Inc. was sold to its employees in 2002, leaving Eric Sprott and the directors and officers of SAM with no remaining interest in the firm.
On May 15, 2008, Sprott Inc. completed its initial public offering by way of a secondary offering of common shares. Sprott Inc.’s common shares are listed on the Toronto Stock Exchange under the symbol “SII.”
In late 2009, Sprott published a well circulated white paper titled, "Is it all just a Ponzi scheme?" The document dug into who was actually purchasing recent Federal Reserve U.S. Treasury auctions and concluded that the biggest new buyer versus the previous year was the U.S. government.
- A Bull on Energy, a Bear on Nearly Everything Else. Barron's.
- Eric Sprott Canada's Hidden Billionare. The Globe and Mail.
- Corporate Profile. Sprott Asset Management.
- Hey Fed, What's Going On?. The Street.com.