Harbor Freight Ceo Net Worth (Updated 2025).

Harbor Freight Tools CEO, Eric Smidt, began his career in the tool industry at a young age, working part-time at his father’s hardware store in Los Angeles. Born into a family with a strong entrepreneurial spirit, Smidt’s passion for business was ignited early on. After graduating from the University of California, Los Angeles with a degree in economics, he joined the family business full-time, eventually taking over its management. In 1977, at just 21 years old, Smidt founded Harbor Freight Tools, a company that would revolutionize the way Americans shop for tools.

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Harbor Freight CEO’s Current Net Worth (2025)

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As of 2025, the latest available information indicates that the CEO of Harbor Freight Tools, Eric Smidt, has an estimated net worth of $3.5 billion. This significant wealth is primarily attributed to his successful leadership and ownership stake in the company.

Frequently Asked Questions about  Harbor Freight Ceo

Frequently Asked Questions: Harbor Freight CEO Net Worth

1. Who is the current CEO of Harbor Freight Tools?

The current CEO of Harbor Freight Tools is Eric Smidt.

2. When was Harbor Freight Tools founded?

Harbor Freight Tools was founded in 1977.

3. How many stores does Harbor Freight Tools have?

As of 2021, Harbor Freight Tools has over 1,100 stores across the United States.

4. What is the estimated net worth of Eric Smidt, the CEO of Harbor Freight Tools?

The latest estimated net worth of Eric Smidt is $4.3 billion.

5. How did Eric Smidt become the CEO of Harbor Freight Tools?

Eric Smidt founded Harbor Freight Tools in 1977 and has been serving as its CEO since then.

6. What is the primary product offered by Harbor Freight Tools?

Harbor Freight Tools primarily offers a wide range of tools for automotive, home improvement, and industrial use.

7. How does Harbor Freight Tools compare to other tool retailers like Home Depot or Lowe’s?

Harbor Freight Tools is known for offering lower-priced tools compared to Home Depot or Lowe’s, targeting a more budget-conscious customer base.

8. What is the revenue of Harbor Freight Tools?

Harbor Freight Tools’ annual revenue is estimated to be over $4 billion.

9. How many employees does Harbor Freight Tools have?

Harbor Freight Tools employs over 20,000 people across its stores and distribution centers.

10. What is the stock symbol for Harbor Freight Tools if it were a publicly traded company?

Harbor Freight Tools is a privately held company and does not have a stock symbol.