ERIC SMIDT • Net Worth $9 Billion • House • Yacht • Private Jet • Harbor Freight Tools

Name:Eric Smidt
Net Worth:$9 billion
Source of Wealth:Harbor Freight Tools
Born:Jan 1, 1960
Wife:Susan Smidt
Children:2 Daughters
Residence:Los Angeles, CA, USA
Private Jet:Gulfstream G650 (N650HF)
Yacht (support vessel)Intrepid

The Journey of Eric Smidt: From Tool Retailer to Philanthropy

Eric Smidt, born in 1960, stands as a successful business icon and philanthropist. He is best known as the president of Harbor Freight Tools, a company he founded alongside his father. Besides his business endeavors, Smidt is known for his contributions to various charitable causes. He and his wife, Susan Smidt, are proud parents to two daughters.

Key Takeaways:

  • Eric Smidt, president of Harbor Freight Tools, is a successful business mogul and philanthropist.
  • Smidt owns the luxurious Oceanco yacht Infinity and its support vessel, the Intrepid.
  • Harbor Freight Tools, under Smidt’s leadership, offers over 7,000 tools and accessories and has over 900 stores across the USA.
  • Smidt’s estimated net worth is $9 billion, and he is known for his modern and contemporary art collection.
  • Eric and Susan Smidt’s philanthropic work, through The Smidt Foundation, has contributed significantly to education, healthcare, and the arts.

Eric Smidt’s Luxurious Maritime Assets

An embodiment of Smidt’s wealth and success is his ownership of the Oceanco yacht Infinity. Accompanying the Infinity is its support vessel, the Amels Sea Axe vessel named Intrepid, contributing to Smidt’s impressive maritime portfolio.

Harbor Freight Tools: Democratizing Quality Tools

Harbor Freight Tools is a prominent tool and equipment retailer based in California. With Smidt at the helm, the company has grown tremendously, boasting over 900 stores across the USA and employing over 20,000 staff.
The organization’s journey began in 1977 as a mail-order tool company. Its mission was, and continues to be, providing high-quality tools at the most affordable prices. Today, Harbor Freight Tools offers more than 7,000 tools and accessories and enjoys an annual turnover exceeding $2 billion.

Eric Smidt’s Net Worth

Smidt’s successful business ventures have amassed him an estimated net worth of $9 billion. Over recent years, he has reportedly received over $2 billion in dividends. Moreover, Smidt is an avid collector of modern and contemporary art, with many pieces donated to museums worldwide.

Philanthropy: The Heart of Eric and Susan Smidt

Eric Smidt, along with his wife Susan Smidt, has significantly impacted various sectors through their philanthropic endeavors. Their charity work, channeled through The Smidt Foundation, extends to education, healthcare, and the arts.
In 2016, they generously donated $25 million to the Los Angeles County Museum of Art. Their commitment to education is also evident through the Harbor Freight Tools for Schools program, aimed at supporting skilled trade education in American public high schools.

In 2018, the couple contributed $50 million to establish the Smidt Heart Institute. This considerable donation has spurred advancements in cardiology and cardiovascular surgery research and practices.

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Yacht Infinity Owner

Eric Smidt


INTREPID Support Vessel • Damen Yacht Support • 2016 • Owner Eric Smidt

The Magnificent Yacht Infinity

Eric Smidt’s maritime possession includes the remarkable Oceanco yacht Infinity that spans an impressive 117 meters (373 ft). This luxurious yacht was delivered to Smidt in 2022.
Prior to this, Smidt owned an 89-meter yacht, also named Infinity, which comparatively seemed smaller. He eventually sold this vessel to Brett Blundy, and it now sails under the name Cloud 9.

Intrepid: The Support Vessel

In addition to the Infinity, Smidt also owns the support vessel Intrepid. The Intrepid is integral to the yacht’s operations as it carries all the recreational toys and tenders of the yacht.

Commonly Asked Questions

What is Harbor Freight’s owner worth?

Smidt’s estimated net worth stands at an astounding $9.5 billion. This fortune has been augmented in recent years by $2 billion received in dividends.

What contributed to Eric Smidt’s wealth?

Eric Smidt’s wealth can be attributed to his co-founding of the tool and equipment retail giant, Harbour Freight Tools, back in 1977. Today, Smidt owns more than 1,300 retail hardware stores, a testament to his business acumen and success.

Where is Eric Smidt’s residence?

Smidt resides in an opulent mansion in Beverly Hills, known as The Knoll. Renowned as one of the largest and most expensive homes in the area, he purchased this magnificent estate from Martin Davis.


Yacht Infinity

Smidt is the owner of the 117-m (383ft) Oceanco yacht INFINITY. The yacht was built in 2022 and has a value of $300 million. He also owns the support vessel Intrepid.

The Infinity Yacht is a symbol of nautical luxury, built by Oceanco and delivered in 2022.

Designed by Espen Oeino with interiors by Sinot Exclusive Yacht Design, the yacht offers a luxurious experience for 16 guests, served by a crew of 36.

Powered by dual MTU engines, the Infinity has a top speed of 20 knots, cruising speed of 14 knots, and a range exceeding 4,500 nautical miles.

The yacht is equipped with amenities such as a main deck swimming pool, a cinema, a beach club, and two helicopter landing pads.

The Infinity Yacht’s support vessel, the Intrepid, is a 69-meter SeaAxe built by Amels.