Eric Smidt

$10.29B

as of 07/05/24

About Eric Smidt

Eric Smidt is CEO of $6.5 billion (sales) Harbor Freight Tools, a home improvement retailer that has over 1,300 stores.

Smidt was a teenager when he started Harbor Freight Tools with his father Allan in 1977. He earned enough credits at his job to graduate high school.

In the beginning, Harbor Freight was a mail-order business that sold tools out of a small warehouse in North Hollywood.

Smidt became president of the company in 1985 and CEO and sole owner in 1999.

In 2010, his father Allan sued him for "looting" the company and leveraging it to finance his own lavish lifestyle. The case was settled out of court.

Personal stats

Citizenship

United States of America

Source of wealth

Hardware stores

Residence

Beverly Hills, California

Marital status

Married

Birth date

01/01/60 (age 64)

Self-made

self-made

Eric Smidt’s fortune is worth

172K

troy ounces of gold

158K

median U.S. household

103K

median U.S. income

0.206%

U.S. credit card volume

0.041%

GDP of the United States

0.03%

United States debt

Net worth history

Annual ranking

Did you know?

Smidt and his wife live in a 35-room Beverly Hills mansion called "the Knoll," whose previous residents include oilman Marvin Davis and country singer Kenny Rogers.