Gene Haas is an American entrepreneur and businessman with a net worth of $250 million. He is most known for establishing Haas Automation, the Formula One team Haas Formula, and the NASCAR team Haas CNC Racing. Haas Automation’s president, founder and only shareholder is Haas. He is also a developer who designed and constructed an indexer using a stepper motor drive. In March 1983, Haas showed his innovation at WESTEC, an industrial fair. Stewart-Haas Racing is the new moniker for his original firm, NASCAR team Haas CNC Racing.
Gene Haas’s Net Worth and Salary
When it comes to his riches, Haas has amassed a staggering sum of money throughout the years. Gene Haas, the founder of Haas Automation, has a net worth of $250 million as of January 2024. There is little question that his firm, Haas Automation, is the biggest manufacturer of machine tools in the nation. His machine tools soon drew notice and expanded in popularity over time. This is because these devices are simple, low-cost, and user-friendly. Furthermore, Haas Automation’s global sales reached a new high in 2008, hovering around $1 billion.
Lifestyle
Gene Haas, a famous figure in the motor racing sector, with a net worth of $250 million. On November 12, 1952, the entrepreneur was born in Youngstown, Ohio. He finished his education at California State University, Northridge. Haas graduated from California State University, Northridge in 1975 with a degree in finance and accounting. Despite his accounting degree, Hass had always intended to pursue engineering.
When it comes to his marriage, Hass married Bernadette Haas. Bernadette unfortunately passed away on June 29, 2016. Furthermore, on June 19, 2006, Haas was arrested for submitting fake tax returns and was found guilty of cheating the government. This occurred during Haas’s criminal conspiracy to commit a tax evasion trial. Gene Haas was sentenced to two years in jail and forced to pay $75 million in restitution.
Gene Haas Charity
Gene Haas has established several charitable organizations throughout the years. The Gene Haas Foundation and Haas Automation are two of these organizations. Haas Automation has provided equipment to various engineering universities, including De Anza College, California State University, Northridge, Channel Islands, and California Polytechnic State University, to outfit their CNC labs. In April 2015, Gene Haas also gave Danville Community College a $1 million donation.
The massive contribution aided in the funding of an applied science degree program in Integrated Machine Technology. Since 2001, the Gene Haas Foundation has distributed huge sums of money. It has aided organizations such as the Los Angeles Mission, the MS Society, the Boy Scouts of America, the NAACP, Children’s Hospital Los Angeles, the YMCA Kids Camp, and the Hospice Foundation. Donations do not stop here but rather rise. A $40,000 CVTC scholarship award was granted by the Gene Haas Foundation. Haas received the prestigious Roy Pinkerton Award for his thoughtful and compassionate philanthropic efforts.
Gene Haas Career
Skilled Gene Haas began his profession shortly after graduating. Although he was first unable to find job, he eventually prepared the groundwork for a more prosperous future. Haas has worked as a CNC programmer as well as a machinist. In 1978, he established Pro-turn Engineering, a small machine business. He not only created an indexer, but also the Haas 5C. The Haas 5C indexer is a fully programmable collet (5C).
The machine tool aided in the industry’s transformation, and it was also the first equipment to automatically re-position its components with perfect precision at the push of a button. Haas Automation, created by Gene Haas himself, mass-produced an indexer. In addition, Gene Haas patented the HBI-5C in 1986. He launched production on a fully equipped CNC machining machine for a fraction of the market value. In addition, Haas and Tony Stewart co-founded Stewart-Haas Racing in 2008.
