American Gene Francis Haas (born November 12, 1952) established Haas Automation, a producer of computer numerically controlled machine tools, and serves as its president and sole stockholder. He also has a presence in racing, having formed NASCAR team Haas CNC Racing (now known as Stewart-Haas Racing) and the Formula One outfit, Haas F1 Team.
Gene Haas Net Worth
Businessman and entrepreneur Gene Haas of the United States has a $250 million fortune. Gene Haas was born on November of 1952. He established Haas Automation and is currently its president and sole stockholder. He started the F1 team Haas Formula and the NASCAR team Haas CNC Racing, now known as Stewart-Haas Racing.
Gene attended California State University, Northridge, where he earned a degree in accounting and finance in 1975. He was a CNC programmer and machinist by trade. In 1978, he founded Pro-turn Engineering, a modest machine shop. He established Haas Automation to mass-produce his indexer, which he had designed and built himself and which was driven by a stepper motor.
In 1986, he received a patent for his HBI-5C product. Haas Automation’s revenue in 2008 was close to $1 billion. In the United States, this firm produces more machine tools than any other. In 2002, Gene started the racing team Haas CNC. Stewart-Haas Racing was founded in 2008 when he teamed up with Tony Stewart.
In 2014, he expressed a desire to enter Formula One with his Haas Racing Developments team. To aid non-profit organizations, he established the Gene Haas Foundation in 1999. False tax returns, conspiracy, and intimidating a witness led to his arrest by the Internal Revenue Service in 2006. He went to jail for 16 months and had to pay back $75 million.
Gene Haas’s Journey to Becoming a Billionaire
Gene Haas is only 60 years old, but he has a net worth of $250 million. He started the NASCAR team and Haas Automation, a major provider of automation technology, from scratch. In 1982, Haas opened his machine shop. In 1990, he joined forces with others to establish Haas Automation.
Fortune magazine included the firm in its 2005 list of the “100 Fastest-Growing Companies.” Haas is now one of the wealthiest motorsports team owners in the world after purchasing a NASCAR team in 2017. In the span of a year, his wealth has increased by more than 140 million. After serving in South Korea, he returned home in 1982 and used his meager funds of $40,000 to own a machine business.
He’s currently worth over $250 million after patiently growing his business into a market leader. Haas predicts that disruptive technologies like 3D printing will revolutionize the industrial industry by leveling the playing field and facilitating the entry of new competitors. I can understand his point of view, having worked to break into an industry dominated by large corporations.
Gene Haas – The Founder
The Haas Method There, Gene Haas spent his formative years. He followed the races closely and enjoyed doing it at home with the TV on. He then decided to pursue a degree in mechanical engineering at Berkeley. A skilled carpenter, he founded Haas Engineering Group after leaving the academic world.
The firm specialized in the layout of medical and financial institution outposts. Haas founded the machine tool manufacturer Haas Automation in 1983. Haas machines are used in the assembly of cars and other goods. The Haas F1 Team is the only Formula One team owned by an individual American businessman.
Having made beneficial contributions to Formula One racing from a different standpoint than other teams, makes Gene Haas a significant player in the sport.
Visit Newswatchlist.com if you enjoyed this article and want to learn more about your favorite Hollywood stars.
For more of our most recent work, check out these articles: