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Sunday, July 12, 2020
Sun, Jul 12th, 2020
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Eric Smidt
Chief Executive and Chairman
Harbor Freight Tools USA Inc.
THE LATEST: Smidt's company, Harbor Freight, has more than 1,000 stores in 48 states. In April, Smidt said his company would donate its supply of protective masks, face shields and gloves to front-line medical workers battling Covid-19. Smidt ranked No. 16 on the Business Journal&s list of Wealthiest Angelenos last year with a net worth of $4.4 billion.
BACKGROUND: Smidt co-founded Calabasas-based discount tool retailer Harbor Freight as a 17-year-old in 1977, when he began transforming his father Allan's small phone-sales business into a mail-order tool business. In 1985, he became the company's president. He took on the role of chief executive in 1999, when he bought out his father.
YEARS ON THE LA500: 3
Return to the 2020 edition of the LA500.
