Gene Haas’ Net Worth 2024: Bio, Age, Career, Wife, Kids
How much is Gene Haas‘ net worth?
Quick Bio
What is Gene Haas’ Net Worth & Salary?
| Name | Eugene Francis Haas |
| Net Worth in 2024 | $250 Million |
| Profession | Entrepreneur, Businessman |
| Monthly Income And Salary | $416K + |
| Yearly Income And Salary | $5 Million + |
Gene Haas has an estimated net worth of $250 million as of November 2024.
He has accumulated all his wealth as the founder of Haas Automation Inc.
In 2014, his company exceeded $1 billion in sales worldwide.
Currently, the company generates nearly $1 billion in revenue annually and pays its employees about $100,000.
In addition, Gene also founded a NASCAR racing team, Haas F1. The team led his worth increase by over $140 million in less than a year.
Moreover, he spent nearly $5 million on residential real estate investments in 2012.
Gene Haas‘ Net Worth Growth (Last 5 Years)
| Net Worth Year | Total Income |
|---|---|
| 2022 | $250 Million |
| 2021 | $220 Million |
| 2020 | $200 Million |
| 2019 | $170 Million |
| 2018 | $150 Million |
Who is Gene Haas? Biography, Career, Net Worth
Gene Haas is a 71-year-old American businessman and entrepreneur. As of November 2024, Gene Haas’s net worth is $250 million.
He is well known for being the founder and president of an American machine tool builder company Haas Automation Inc.
Moreover, Gene is also the founder of the NASCAR team Haas CNC Racing, also known as Stewart-Haas Racing, and the Formula One team, Haas F1 Team.
Gene began his career working as a machinist and CNC programmer. In 1978, he opened his small machine shop Pro-turn Engineering and built his indexer with a stepper motor drive.
In 1986, his product HBI-5C got patented and led to the formation of Haas Automation.
The company is the largest machine tool manufacturer in the United States.
Aside from this, Gene founded Haas CNC Racing in 2002. He later partnered with Tony Stewart to form Stewart-Haas Racing in 2008.
Nowadays, the team competes in Formula One racing.
Recently, Gene Haas faced a lawsuit for terminating the sponsorship contract with Uralkali and parting ways with Haas F1 driver Nikita Mazepin following the Russian invasion of Ukraine.
Gene Haas Age & Birthday
Gene Haas was born on 12th November 1952 in Youngstown, Ohio, Eugene Francis Haas.
According to his date of birth, Gene Haas is 71 years old.
He grew up in California with his two sisters, Joanne Haas and Darlene Haas-Hilz.
Joanne previously worked for Haas Automation as an executive assistant in 2008 and later joined Gene Foundation in 2017.
As a teen, Haas started watching races on television. His interest led him to study mechanical engineering at the University of California.
However, he later majored in finance. After graduation, Gene started working as a machinist and CNC programmer.
Education
Gene Haas attended California State University, Northridge, earning a Bachelor of Science degree in accounting and finance in 1975.
Haas started engineering as his first preference but switched to business after Lockheed’s bankruptcy.
How did Gene Haas become a millionaire?
Career Journey
After graduation, Gene Haas struggled to find a suitable job that would pay him more than his summer machine shop job.
Later, he started working as a machinist and CNC programmer. In 1978, he founded Pro-turn Engineering, a machine shop with two employees.
Fortunately, Haas invented an indexer with a stepper motor drive, patented in 1986. He later founded Haas Automation to mass-produce them.
The company now manufactures CNC vertical machine centers, CNC lathes, horizontal machine centers, and rotary products.
The company is the largest machine tool manufacturer in the United States, generating $1 billion in revenue annually.
In 2014 alone, the company’s sales hit the mark of $1 billion worldwide.
Moreover, Haas Automation has grown more than 200 percent in the market since 2005.
Aside from this, Gene founded a NASCAR race team, Haas CNC Racing, in 2002. The team won their first race in the 2004 Busch Series.
In 2008, Haas and Tony Stewart led the team to win four times at Pocono, Watkins Glen, Daytona, and Kansas.
They won the 2011 Sprint Cup Championship.
In 2014, the Stewart-Haas team won their second Cup title with Kevin Harvick.
In the same year, Haas entered his team Haas F1 in the F1 championship for 2015 and 2016.
Haas is one of the wealthiest motorsports team owners in the world.
Gene Haas in Controversy
Gene was arrested by IRS agents for investigation of filing false tax returns, conspiracy, and witness intimidation in 2006.
He was sentenced to two years in prison and had to pay $75 million in restitution.
Gene Haas’ Wife & Kids
Gene Haas got married to Bernadette Haas. Unfortunately, Bernadette breathed her last on 29th June 2016.
The couple has no children.
Summary
Gene Haas is an Ohio-based millionaire businessman and entrepreneur. He got famous for being the founder of Haas Automation Inc.
In his early career, Haas struggled to get a suitable job. However, he never left hope and started working as a machinist and CNC programmer.
In 1978, Gene opened a small machine shop, thus inventing his indexer and displaying it at the WESTEC expo. The discovery led to the foundation of Haas Automation.
Presently, the company is the largest machine tool producer in the world, generating $1 billion in revenue annually.
Moreover, Haas is the owner and founder of the NASCAR team, Haas CNC Racing. Nowadays, the team participates in Formula one competition as Haas F1 Team.
As of November 2024, Gene Haas has a net worth of $250 million.
Quick Recap
71-year-old Eugene Francis Haas is the American founder, president, and sole stockholder of Haas Automation, a CNC machine tool manufacturer.
Gene Haas’ real name or birthname is Eugene Francis Haas.
Born on 12 November 1952, Gene Haas is 71 years old as of 2024.
Gene Haas’ net worth in 2024 is estimated at $250 million. The major source of Gene Haas’ net worth fortune has come from his business.
As per reports available on the Internet, Gene Haas is a millionaire who has a total net worth of $250 million.
