Other Billionaires

Research record · Source pending · As of not established

Smidt Family

Retail •USA

Unverified public claim

The attributed claim is shown only in the Unverified public claims section below; it is not a valuation or ranking input.

Research record · Source pending · As of not established

Source of Wealth: Harbor Freight Tools

Industry: Retail

Founded By: Eric Smidt

Founded Year: 1977

Continent: North America

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Evidence record

Smidt Family claim-level evidence

Each material valuation, principal-ownership and wealth-source statement is tied to the sources reviewed for this family record.

Valuation statusSource pending — research record
As ofAs of not established
Evidence confidencehigh
Last reviewedAug 27, 2026
Date basisNot established
Family valuation$35BunverifiedForbesForbes
Principal ownershipEric Smidt is the sole owner of Harbor Freight Tools.supportedForbesForbes
Wealth sourceHarbor Freight ToolssupportedForbesForbes
ForbesEric SmidtPublished Mar 10, 2026 · Established Financial PublicationForbesThe 25 Most Valuable Private Family Businesses in America, RankedPublished May 14, 2026 · Established Financial Publication

Limitations: Forbes reports Eric Smidt as Harbor Freight's sole owner and estimates his personal wealth at $17.9 billion; Forbes separately valued the business at $16.1 billion. Adding those figures would double-count the same underlying asset, so the displayed $35 billion family total is unsupported.