Gene Haas Net Worth

April 25, 2023
1 min read

Gene Francis Haas was born on the 12th November 1952, in Youngstown, Ohio USA. He is a businessman and entrepreneur, who is probably best known for being the founder of Haas Automation, a machine tool builder. He is also involved in motor sports, as he founded NASCAR team Haas CNC Racing (currently known as Stewart-Haas Racing), as well as the Haas Formula One team.

Have you ever wondered how rich Gene Haas is, as of early 2016? According to sources, it has been estimated that the total size of Haas’ net worth is as high as $250 million, an impressive amount which has been accumulated through his successful involvement not only in business, but also in sports.

Gene Haas Net Worth $250 Million

Gene Haas was raised in a family of four children by his father, who was a designer, and his mother, who worked as a schoolteacher. The family moved to Los Angeles, California when he was a child, wherehe attended Mission Hills High School. After matriculation in 1970, he enrolled at California State University Northridge, from which he earned a BS degree in Accounting and Finance in 1975.

However, he couldn’t find a highly paid job in his profession, so found a machine shop Pro-turn Engineering in 1978, havingalready worked as a CNC programmer and machinist. He developed indexer with a tepper motor drive, patented his invention, and founded Haas Automation Company in order to produce large amounts of his invention. In no time, other products came along, and became more and more popular, increasing Gene`s net worth. According to sources, in 2008, the company amassed sales profits of amost $1 billion.

Thanks to his successful career as a businessman, he managed to expand his area of expertise to racing, firstly founding the Haas NASCAR team, which started as a single car team in 2002, but soon expanding, and now consists of drivers such as Danica Patrick, Kurt Busch, and Tony Stewart, who became a part owner of the team. To speak of the success of his NASCAR team, drivers have won several Sprint cup events over the years, including the Pocono 500 at Pocono Raceway, Price Chopper 400 at Kansas Speedway, Brickyard 400 at Indianapolis Motor Speedway, Quicken Loans 400 at Michigan International Speedway, Toyota Owners 400 at Richmond International Raceway, among many others, all of which increased Gene`s net worth.

Encouraged by success in NASCAR, Gene decided to form a Formula One team, and in 2014 he filed for a license. He planned to enter the 2015 season with his Haas F1 team, however, it was postponed until the 2016 season.
When it comes to speak about his personal life, little is known in the media about Gene Hass, except the fact that he is single. He is known for charity work, as he established in 1999 the Gene Haas Foundation, an organization which helps local charities. However, Gene has also spent 16 months in prison for false tax returns and conspiracy, and was ordered to pay $75 million in restitution. His current residence is in Camarillo, California.

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications.

At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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