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

Who is Eric Smidt?

Eric Smidt is the president of Harbor Freight Tools. Which he founded with his father. He was born in 1960. He is married to Susan Smidt, they have 2 daughters.

He owns the Oceanco yacht Infinity. He also owns the Amels Sea Axe Support Vessel Intrepid.

Harbor Freight Tools

Harbor Freight Tools is a tool and equipment retailer, headquartered in California. It is owned by Smidt. Harbor Freight Tools has over 900 stores in the USA and more than 20,000 employees.

The company was founded in 1977 and started as a mail-order tool company. The aim was to provide working people with great quality tools at the lowest prices.

Harbor Freight offers more than 7,000 tools and accessories of high quality but at low prices. The company has more than US$ 2 billion in annual sales.

Eric Smidt Net Worth

His net worth is estimated at $9 billion. It was reported that he received more than $2 billion in dividends over the last few years. Smidt is known for his collection of modern and contemporary art, which he has donated to museums around the world.


Eric and his wife Susan Smidt are active philanthropists. Smidt is a major donor to a variety of charitable causes, including education, health care, and the arts. Through their The Smidt Foundation. In 2016 they donated US$ 25 million to the Los Angeles County Museum of Art.

The Harbor Freight Tools for Schools program supported skilled trade education in American public high schools.

In 2018 they donated US$ 50 million to create the Smidt Heart Institute. The gift will advance vital research and innovative practices in cardiology and cardiovascular surgery.

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Yacht Infinity Owner

Eric Smidt


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

Yacht Infinity

Smidt is the owner of the 117-meter (373 ft) Oceanco yacht Infinity. She was delivered in 2022.

He used to own a “smaller” (89-meter) yacht with the same name. He sold her to Brett Blundy, she is now named Cloud 9.

Support Vessel

He also owns the support vessel Intrepid, which carries the yacht’s toys and tenders.

Frequently Asked Questions (FAQ)

How much is the owner of Harbor Freight worth?

His net worth is $9.5 billion. In recent years he received $2 billion in dividends.

How did Eric Smidt become rich?

He co-founded the tool and equipment retailer Harbour Freight Tools in 1977. He now owns more than 1,300 retail hardware stores.

Where does Eric Smidt live?

He lives in a large mansion in Beverly Hills named The Knoll. The house is considered to be one of the largest and most expensive homes in the area. He bought the house from Martin Davis.


Eric Smidt House

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.