Eric Smidt’s profile picture

Eric Smidt

Eric Smidt’s profile picture
Net worth 2018: $2.26 Billion
Residence: Beverly Hills, California
Country: United States
BIOGRAPHY

Eric Smidt was born in Beverly Hills, California, United States. Eric Smidt is #1042 in List Billionaires People In The World. Eric Smidt was a teenager when he started Harbor Freight Tools with his father Allan in 1977. He graduated high school through a work study program. In the beginning, Harbor Freight was a mail-order business that sold tools out of a small shop in North Hollywood. Smidt became the president of the company in 1985, and CEO in 1999. It is now a chain store with over 800 locations and 20,000 employees in 47 states. In October 2016, Eric and his wife Susan pledged to give $25 million to the Los Angeles County Museum of Art (LACMA).

NET WORTH STATISTIC
2017

$2 Billion

2018

$2.26 Billion

"I was born here in Los Angeles and wasn't exposed to art as a child. When I joined the LACMA board, I realized what I missed in my youth and the wonderful things that can happen when a public museum opens its doors to the community."

Eric Smidt
TIMELINE
2024

Smidt reportedly contributed $350,000 to support Mayor Eric Garcetti's effort to help Los Angeles secure the 2024 Olympic Games

2016

In 2016, the National Coalition for Homeless Veterans honored Harbor Freight Tools with its Outstanding Corporate Partner Award in recognition of the company's support for homeless veterans

2015

In 2015, Harbor Freight Tools established a program to fund requests from non-profit organizations in the U

2013

On March 4, 2013, LA Weekly reported that Smidt donated $50,000 to the Coalition for School Reform to elect Kate Anderson and Antonio Sanchez to the LAUSD Board of Education and to re-elect incumbent Monica Garcia

2012

He also contributed $114,300 to a number of Democratic campaigns in 2012

2008

In 2008, Eric responded to the turbulence in the global economy by implementing a company-wide reinvigoration plan

2001

In 2001, Smidt was listed as one of Ernst & Young's Entrepreneurs of the year

1985

In 1985, Smidt was named president of the company at the age of 25; he served under that title until 1999 when he became CEO

1977

In 1977, as a teenager, Smidt started Harbor Freight Tools with his father in a small building in North Hollywood, California

1960

Smidt was born in Los Angeles, California in 1960 to Allan Smidt and Dorthy Smidt

1950

Marking the opening of the 500th Harbor Freight Tools store near Chicago, CEO Eric Smidt announced the contribution of $100,000 and the donation of tools to Chicago Public Schools to support teachers and students in skilled trades learning and internships

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