Table of Contents

• What is Gene Haas’ Net Worth?
• Highlights
• Early Life
• Career
• Personal Life
• Net Worth Over Time
• Components of Net Worth

What is Gene Haas’ Net Worth?

Gene Haas, an American businessman and entrepreneur, has an estimated net worth of $250 million. He is the founder, president, and sole stockholder of Haas Automation. Haas has also made significant investments in the racing industry, with his ventures including NASCAR team Stewart-Haas Racing and Formula One team Haas Formula.

Highlights

• Gene Haas has a net worth of $250 million.
• He is the founder, president, and sole stockholder of Haas Automation.
• Haas founded the NASCAR team Haas CNC Racing, now known as Stewart-Haas Racing.
• He also formed the Formula One team Haas Formula.
• Gene Haas graduated with a degree in accounting and finance from California State University Northridge in 1975.

Early Life

Gene Haas was born in November 1952, although details about his birthplace are not available. He attended California State University Northridge, where he graduated with a degree in accounting and finance in 1975. Following his education, Haas worked as a machinist and a CNC programmer before starting his own business.

Career

Haas embarked on his entrepreneurial journey in 1978 when he opened a small machine shop called Pro-turn Engineering. He developed and built an indexer with a stepper motor drive, a product that earned him a patent in 1986. Building on this success, he formed Haas Automation to mass produce the HBI-5C indexer.

Under Haas’ leadership, Haas Automation grew rapidly, becoming the largest machine tool manufacturer in the United States. By 2008, the company’s sales were just under $1 billion. Haas CNC Racing, later known as Stewart-Haas Racing, was founded by Haas in 2002. In 2008, he partnered with racecar driver Tony Stewart, resulting in the establishment of one of the most successful NASCAR teams.

In addition to his ventures in NASCAR, Gene Haas submitted interest in 2014 to have his Haas Racing Developments team compete in Formula One racing. This expansion into the international racing scene further solidified his reputation as a prominent figure in motorsports.

Personal Life

Gene Haas established the Gene Haas Foundation in 1999 with the aim of supporting local charities. However, his personal life has not been without controversy. In 2006, Haas was arrested by the IRS for filing false tax returns, conspiracy, and witness intimidation. He served 16 months in prison and was ordered to pay $75 million in restitution.

Net Worth Over Time

Gene Haas’ net worth has seen fluctuations over the years due to various factors, including the success of his businesses, investments, and legal issues. Despite the setback of his legal troubles, Haas has managed to maintain a significant net worth of $250 million.

Components of Net Worth

Gene Haas’ net worth primarily stems from his ownership and success in the machine tool manufacturing industry. Through Haas Automation, he has built a thriving business that has become a leader in its field. Additionally, his investments in the racing industry, including NASCAR and Formula One, have also contributed to his wealth.

It is important to note that net worth calculations are based on publicly available information and estimates. While every effort is made to ensure accuracy, these figures may not be entirely precise and may be subject to change.

The table below summarizes the key information about Gene Haas’ net worth:

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