Gene Haas: A Remarkable Net Worth

May 2024 · 3 minute read

Gene Haas has a net worth of $250 Million

Gene Haas’s Background

Born on November 12, 1952, in Youngstown, Ohio USA, Gene Francis Haas is a prominent businessman and entrepreneur. He is renowned as the founder of Haas Automation, a leading machine tool builder. His involvement in the world of motor sports does not go unnoticed; he is the founder of the NASCAR team Haas CNC Racing (now known as Stewart-Haas Racing) as well as the Haas Formula One team.

Gene Haas: A Wealthy Individual

Net Worth

As of early 2016, Gene Haas’ net worth is estimated to be a staggering $250 million. This fortune has been amassed through his successful ventures in both business and sports.

Early Life and Career

Gene Haas was brought up in a family of four children. After moving to Los Angeles, California during his childhood, he attended Mission Hills High School. Upon graduating in 1970, he pursued a degree in Accounting and Finance from California State University Northridge, graduating in 1975.

Struggling to find a lucrative job in his field, he established a machine shop called Pro-turn Engineering in 1978. He had already gained experience as a CNC programmer and machinist. Haas developed an indexer with a tepper motor drive, patented his creation, and subsequently founded Haas Automation Company to mass-produce his invention. As the company expanded and introduced other popular products, Gene’s net worth continued to grow. In 2008, it was reported that the company generated sales profits of almost $1 billion.

Business and Racing

His success in the business world allowed him to venture into racing. Haas founded the Haas NASCAR team in 2002, starting as a single car team before expanding to include drivers such as Danica Patrick, Kurt Busch, and Tony Stewart. The team achieved success over the years, winning several Sprint cup events, thus contributing to Gene’s wealth.

Encouraged by the triumphs in NASCAR, he decided to establish a Formula One team and filed for a license in 2014 with plans to enter the 2015 season. However, this was postponed until the 2016 season.

Personal Life and Philanthropy

Gene Haas maintains a low profile in the media, with little known about his personal life except that he is single. He is recognized for his charitable work as the founder of the Gene Haas Foundation, an organization that offers support to local charities. However, he has also faced legal challenges, having spent 16 months in prison for false tax returns and conspiracy, resulting in a $75 million restitution order. Gene currently resides in Camarillo, California.

Net Worth$250 Million
Date Of Birth1952-11-12
ProfessionBusinessman
EducationCalifornia State University, Northridge
NationalityAmerican
IMDB

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