Who is Eric Smidt?
He is the president of Harbor Freight Tools. Which he founded with his father. He was born in 1960. He is married to Susan, 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 with 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 US$ 4 billion. It was reported that he received more than US$ 2 billion in dividends over the last few years. Smidt owns a large art collection.
Eric and his wife Susan Smidt are active philanthropists. 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 the skilled trades 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.