Introduction
Gene Haas is a name that is synonymous with manufacturing and racing. As the founder of Haas Automation and the co-owner of the Stewart-Haas Racing team, Gene has made a name for himself as a powerful force in the business world. But just how much is he worth? In this article, we’ll explore Gene Haas’ net worth and how he became one of the wealthiest people in America.
Early Life and Career
Gene Haas was born on November 12, 1952, in Youngstown, Ohio. He graduated from California State University, Northridge, with a degree in business administration in 1975. After graduation, he worked in various engineering and management positions before founding Haas Automation in 1983.
What is Gene Haas’ Net Worth?
According to Forbes, Gene’s net worth is estimated to be around $250 Million. Much of his wealth comes from his ownership stake in Haas Automation. In addition, his stake in Stewart-Haas Racing is estimated to be worth several hundred million dollars.
Net Worth: $250 Million
Age: 70 years old
Date of Birth: November 12, 1952
Gender: Male
Profession: Founder and owner of Haas Automation, founder of Stewart-Haas Racing,
Source of Income: Haas Automation, Stewart-Haas Racing, and Haas F1 Team
Country: United States
What Are the Sources of Gene Haas’ Net Worth?
• Haas Automation
Haas Automation is a company that specializes in manufacturing machine tools and CNC (computer numerical control) machines. The company is headquartered in Oxnard, California, and has facilities in several other countries. Haas Automation has become one of the largest machine tool builders in the world, with sales in excess of $1 billion per year.
• Stewart-Haas Racing
In addition to Haas Automation, Gene Haas is also the co-owner of the Stewart-Haas Racing team. The team was formed in 2009 in partnership with NASCAR driver Tony Stewart. Since then, the team has become one of the most successful in NASCAR, with multiple championships and dozens of wins.
Highlights
- In 2017, Gene Haas was inducted into the National Inventors Hall of Fame for his contributions to the manufacturing industry.
- Haas Automation has been recognized as one of the most innovative companies in America by Forbes magazine.
- In 2019, Gene Haas was ranked #214 on Forbes’ list of the 400 richest people in America.
- Haas Automation has sponsored several NASCAR drivers over the years, including Kurt Busch, Kevin Harvick, and Tony Stewart.
Favorite Quotes:
- “You have to be willing to take risks if you want to succeed in business.”
- “Innovation is the key to staying ahead in the manufacturing industry.”
- “There’s no substitute for hard work and dedication.”
FAQ’s
What is Gene Haas’ background?
Gene Haas was born in Ohio in 1952 and later moved to California, where he attended college and began his career in engineering and management.
What is Haas Automation?
Haas Automation is a company that specializes in manufacturing machine tools and CNC machines. It is headquartered in California and has facilities around the world.
How did Gene Haas get involved in racing?
Gene Haas became involved in racing in the early 2000s when he sponsored a NASCAR driver. He later formed a partnership with driver Tony Stewart to form the Stewart-Haas Racing team.
How did Gene Haas become so wealthy?
Gene Haas’ wealth comes primarily from his ownership stake in Haas Automation, which is valued at over $1 billion. His ownership stake in Stewart-Haas Racing is also worth several hundred million dollars.
What is Gene Haas’ net worth?
According to Forbes, Gene Haas’ net worth is estimated to be around $250 Million
Some Unknown Facts
- Gene Haas is a licensed helicopter pilot and often uses his helicopter to commute to work and travel to race events.
- Haas Automation is the largest machine tool builder in the western world and has been recognized for its innovation and efficiency in the manufacturing industry.
- In 2008, Gene Haas was sentenced to two years in prison for tax fraud related to his personal income taxes. He served 16 months in prison and was released in 2010.
- Despite his success as a businessman, Gene Haas prefers to keep a low profile and rarely gives interviews or makes public appearances. He is known for being a private person who values his privacy and independence.
Summary
As of 2023, Gene Haas’ estimated net worth is around $250 million. Gene Haas is a highly successful businessman and entrepreneur who has made significant contributions to the manufacturing industry, racing, and philanthropy. From humble beginnings, he founded Haas Automation and has since grown it into the largest machine tool builder in the western world.
Haas is also known for his involvement in racing, having sponsored NASCAR drivers and formed the successful Stewart-Haas Racing team. Additionally, he formed the Haas F1 Team in 2016, which became the first American-led Formula One team in 30 years.
Aside from his professional achievements, Gene Haas is a philanthropist who has donated millions of dollars to various charitable organizations. He has also been recognized for his contributions to the industry, including his induction into the National Inventors Hall of Fame in 2017.
Despite his success, Gene Haas remains a private person who values his privacy and independence. He is a man of few words who prefers to let his actions speak for themselves. Overall, Gene Haas’ story is one of perseverance, innovation, and determination. He serves as an inspiration to aspiring entrepreneurs and business leaders, showing that with hard work and dedication, anything is possible.