| Name: | Eric Smidt |
| Net Worth: | $9 billion |
| Source of Wealth: | Harbor Freight Tools |
| Born: | Jan 1, 1960 |
| Age: | |
| Country: | USA |
| Wife: | Susan Smidt |
| Children: | 2 Daughters |
| Residence: | Los Angeles, CA, USA |
| Private Jet: | Gulfstream G650 (N650HF) |
| Yacht | Infinity |
| Yacht (support vessel) | Intrepid |
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.
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 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.
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.
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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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.
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.
Smidt’s estimated net worth stands at an astounding $9.5 billion. This fortune has been augmented in recent years by $2 billion received in dividends.
Eric Smidt’s wealth can be attributed to his co-founding of the tool and equipment retail giant, Harbour Freight Tools, back in 1977. Today, Smidt owns more than 1,300 retail hardware stores, a testament to his business acumen and success.
Smidt resides in an opulent mansion in Beverly Hills, known as The Knoll. Renowned as one of the largest and most expensive homes in the area, he purchased this magnificent estate from Martin Davis.
https://www.harborfreight.com/about-
https://www.forbes.com/profile/ericsmidt/
https://en.wikipedia.org/wiki/EricSmidt
https://www.oceancoyacht.com/en/fleet
http://www.amels-
He is the owner of a US$ 45 million house In Beverly Hills named The Knoll. The house is considered to be one of the largest and most expensive homes in the area.
Update: they sold The Knoll. But they still own another property in Beverly Hills which they purchased in 2004. We believe he and his wife Susan Smidt also own a residence in New York.
Beverly Hills, nestled in the heart of Los Angeles, is a city synonymous with lavish lifestyles, luxury, and an undeniable allure that attracts celebrities from around the world. This affluent area is renowned for its palm-tree lined streets, iconic attractions like the famous Rodeo Drive, and exquisite residences.
The desire of celebrities to live in Beverly Hills isn’t merely a matter of prestige, but also the charming ambiance, safety, and privacy that this city provides. From legendary Hollywood stars to the most recent pop sensations, Beverly Hills houses a constellation of famous personalities. These individuals are drawn by the opulent homes, breathtaking views, and the proximity to the heart of the entertainment industry.
The city also boasts high-end shopping, fine dining establishments, and upscale health and wellness centers. Furthermore, Beverly Hills is rich in cultural attractions such as art galleries, theaters, and museums, offering an exceptional lifestyle that goes beyond the glitz and glamour. Celebrities also enjoy the city’s ability to provide a serene, suburban environment within the buzz of LA, making it an ideal place for raising families.
Despite its reputation as a playground for the rich and famous, Beverly Hills has maintained a small-town feel that keeps it warm and inviting. All these elements combine to make Beverly Hills the preferred residential choice for celebrities, thus adding to its worldwide fame and charm.
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Smidt is the owner of the 117-m (383ft) Oceanco yacht INFINITY. The yacht was built in 2022 and has a value of $300 million. He also owns the support vessel Intrepid.
The Infinity Yacht is a symbol of nautical luxury, built by Oceanco and delivered in 2022.
Designed by Espen Oeino with interiors by Sinot Exclusive Yacht Design, the yacht offers a luxurious experience for 16 guests, served by a crew of 36.
Powered by dual MTU engines, the Infinity has a top speed of 20 knots, cruising speed of 14 knots, and a range exceeding 4,500 nautical miles.
The yacht is equipped with amenities such as a main deck swimming pool, a cinema, a beach club, and two helicopter landing pads.
The Infinity Yacht’s support vessel, the Intrepid, is a 69-meter SeaAxe built by Amels.
Smidt is the owner of a Gulfstream G650 private jet. With registration N650HF. The jet was delivered in 2015 and has a list price of US$ 70 million. The aircraft can accommodate 14 passengers. It is considered to be the ‘ultimate billionaire airplane’.
The Gulfstream G650 is a luxurious, long-range business jet produced by Gulfstream Aerospace. The G650 was first introduced in 2008 and quickly became one of the most sought-after business jets in the world due to its impressive range, speed, and spacious cabin. The G650 has a maximum range of over 7,000 nautical miles, making it capable of flying non-stop from locations such as New York to Hong Kong.
One of the standout features of the G650 is its cabin, which is both spacious and luxurious. With a height of over 6 feet and a width of over 7 feet, the cabin offers ample space for passengers to work, relax, and entertain. The cabin also features a variety of customizable features, including seating arrangements, lighting, and entertainment systems.
In addition to its impressive range and cabin, the G650 is also known for its high cruising speeds. The aircraft is capable of reaching speeds of up to Mach 0.925, making it one of the fastest business jets on the market. This speed, combined with its range, allows the G650 to cover large distances quickly and efficiently.
The last known list price of the Gulfstream G650 was approximately $75 million. This high cost reflects the advanced technology, spacious cabin, and impressive performance capabilities of the aircraft. Despite its high price, the G650 remains a popular choice for those who value speed, range, and comfort in their business jets.
The Gulfstream G650 is a top-of-the-line business jet that offers impressive range, speed, and comfort. Its luxurious cabin and high-performance capabilities make it a popular choice for those who demand the best in their business aviation needs. With a last known list price of $75 million, the G650 is a significant investment, but for those who can afford it, the aircraft provides a unique and unparalleled flying experience.
Yacht Owners Database 2024
