Harbor Freight Net Worth (Updated 2025).

Harbor Freight Tools, a name now synonymous with affordable home improvement and DIY solutions, began its journey in the bustling city of North Hollywood, California. Founded in 1977 by Alan S. Feld, a visionary entrepreneur, the company started as a small, local retail store catering to the growing needs of the do-it-yourself enthusiasts in the area.

The company’s rise to fame was not an overnight phenomenon. It was a result of Feld’s unwavering commitment to providing high-quality tools at prices that were significantly lower than those of its competitors. This unique business model, coupled with his understanding of the local market and the growing trend of DIY projects, allowed Harbor Freight to establish a strong foothold in the industry.

Harbor Freight’s Current Net Worth (2025)

As of 2025, Harbor Freight’s current net worth is estimated to be around $5 billion. This significant figure reflects the company’s continued growth and success in the retail industry.

Career

Harbor Freight Tools was founded in 1977 by Eric Smidt, who remains the company’s CEO. The company started as a small tool retailer and has since grown into a major player in the industry, with over 1,200 stores across the United States.

Other Ventures

In addition to its retail stores, Harbor Freight also operates an e-commerce platform, allowing customers to shop online. The company has also expanded into the industrial market, offering tools and equipment for businesses and professionals.

Assets

Harbor Freight’s assets include its extensive network of retail stores, distribution centers, and its e-commerce platform. The company also owns a significant amount of inventory, including tools, equipment, and accessories.

Annual Income

Harbor Freight Tools generates an annual income of over $4 billion. This revenue is derived from sales at its retail stores and through its e-commerce platform. The company’s strong financial performance is a testament to its popularity among consumers and its effective business strategies.

Frequently Asked Questions about  Harbor Freight

Frequently Asked Questions: Harbor Freight Net Worth

1. What is Harbor Freight’s net worth?

Harbor Freight’s net worth is estimated to be around $5 billion.

2. Who is the founder of Harbor Freight?

Eric Smidt is the founder of Harbor Freight. He started the company in 1977.

3. How many stores does Harbor Freight have?

Harbor Freight has over 1,200 stores across the United States and Canada.

4. What are some of the brands carried by Harbor Freight?

Harbor Freight carries several brands, including Central Pneumatic, Chicago Electric, and One Spot.

5. Does Harbor Freight offer online shopping?

Yes, Harbor Freight offers online shopping through their website.

6. Can I return items to Harbor Freight without a receipt?

Yes, Harbor Freight allows returns without a receipt, but you may need to provide identification and the item must be in its original packaging.

7. Does Harbor Freight offer military discounts?

Yes, Harbor Freight offers a 10% military discount to active duty military, veterans, and their families.

8. What is the return policy at Harbor Freight?

Harbor Freight’s return policy allows most items to be returned within 90 days of purchase, with some exceptions.

9. Does Harbor Freight offer any warranties on their tools?

Yes, Harbor Freight offers warranties on many of their tools. The length and coverage of the warranty vary by tool.

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

Harbor Freight often offers lower prices than Home Depot or Lowe’s, but their selection and product quality may vary. It’s always a good idea to compare prices and products before making a purchase.