Gene Haas is an American entrepreneur and businessman with a net worth of $250 million. He is best known for founding Haas Automation, the Haas Formula One Formula One team, and the Haas CNC Racing NASCAR team. The president, founder and sole shareholder of Haas Automation is Haas. He is also a developer who designs and builds indexers using stepper motor drives. In March 1983, Haas demonstrated its innovation at WESTEC, an industry exhibition. Stewart-Haas Racing is the new name for its parent firm, the Haas CNC Racing NASCAR team.
Gene Haas Net Worth and Salary
When it comes to his wealth, Haas has amassed a staggering amount of money over the years. Gene Haas, 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 largest machine tool manufacturer in the country. His machine tools soon attracted attention and grew in popularity over time. This is because the device is simple, low-cost and user-friendly. Furthermore, Haas Automation’s global sales reached a new high in 2008, hovering around $1 billion.
Way of life
Gene Haas, a well-known 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 completed his education at California State University, Northridge. Haas graduated from California State University, Northridge in 1975 with a degree in finance and accounting. Despite having an accounting degree, Hass always intended to pursue engineering.
When it comes to his marriage, Hass is married to Bernadette Haas. Bernadette sadly passed away on June 29, 2016. Furthermore, on June 19, 2006, Haas was arrested for submitting false tax returns and found guilty of defrauding the government. This happened during the Haas criminal conspiracy to commit tax evasion trial. Gene Haas was sentenced to two years in prison and ordered to pay $75 million in restitution.
Gene Haas Charity
Gene Haas has established several charitable organizations over 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 equip their CNC labs. In April 2015, Gene Haas also made a $1 million donation to Danville Community College.
The large donation helps fund the applied science degree program in Integrated Machine Technology. Since 2001, the Gene Haas Foundation has distributed large sums of money. It has helped organizations such as Los Angeles Mission, MS Society, Boy Scouts of America, NAACP, Children’s Hospital Los Angeles, YMCA Kids Camp and Hospice Foundation. Donations don’t stop here and increase. The $40,000 CVTC scholarship award was given by the Gene Haas Foundation. Haas received the prestigious Roy Pinkerton Award for his thoughtful and compassionate philanthropy.
Gene Haas’ career
The accomplished Gene Haas began his profession immediately after graduation. Although he was unable to find a job at first, he eventually laid the foundation 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 invented the indexer, but also the Haas 5C. The Haas 5C indexer is a fully programmable collet (5C).
Machine tools helped in the transformation of the industry, and it was also the first piece of equipment that automatically repositioned its components with perfect precision at the push of a button. Haas Automation, created by Gene Haas himself, mass-produced indexers. In addition, Gene Haas patented the HBI-5C in 1986. He launched production on a complete CNC machining machine for a fraction of the market value. Additionally, Haas and Tony Stewart co-founded Stewart-Haas Racing in 2008.
Categories: Biography
Source: SCHOOL TRANG DAI
