Smith was born in 1924 the son of
Philip Smith. His father founded Midwest Drive-In Theaters which in 1941, operated 9 of 15
drive-in movie theaters in the U.S. In 1946, he joined his father's company. and branched out into other lines of business including the ''Richard's Drive-Ins
restaurant chain, Amy Joe's Pancake Houses'', and several bowling alleys in order to diversify their revenues which were under pressure as more people stayed home to watch television. His father died in 1961 and Richard succeeded him as CEO. ==Philanthropy==