Gene Haas Net Worth Is $250 Million

ByAnnie Shannon Entrepreneur

As per 2024 estimations, Gene Haas net worth is approximately $250 million right now. He is a famous entrepreneur and successful founder of Stewart-Haas Racing, the Haas F1 team, and Haas Automation. His automation expertise and companies are the source of his income, continuously adding money to his net worth. 

Gene Haas Net Worth
Date of birthNovember 12, 1952
BirthplaceYoungstown, Ohio, U.S.
Age 71 years 
NationalityAmerican 
HeightIn feet – 5′ 7″In meters – 1.70 m In centimeters – 170 cm
Wife Bernadette Haas (Died June 29 2016)
Gene Haas Net Worth

Who is Gene Haas? 

Gene Francis Haas was born on November 12, 1952, in Youngstown, Ohio, U.S. Currently, he is 71 years old. He founded an automation company whose parts are widely sold worldwide. His exceptional talent and skills in running companies are continuously helping him make money.

Net WorthEstimated $250 Million
ProfessionEntrepreneur, Founder of Stewart-Haas Racing, Haas F1 team and Haas automation
Date of birthNovember 12, 1952
BirthplaceYoungstown, Ohio, U.S.
Age 71 years 
NationalityAmerican 
ReligionNon-religious
HeightIn feet – 5′ 7″In meters – 1.70 m In centimeters – 170 cm
WeightIn Kg – 75 KgIn Pounds – 165 lbs
Wife Bernadette Haas (Died June 29 2016)
ChildrenN/A
Who is Gene Haas? 

Yearly Gene Haas Net Worth Growth Rate

Year’s (2019 – 2024)Net worth 
Net worth in 2024$250 Million
Net worth in 2023$220 Million
Net worth in 2022$200 Million
Net worth in 2021$180 Million
Net worth in 2020$150 Million
Net Worth in 2019 $130 Million
Yearly Gene Haas Net Worth Growth Rate

Early Life and Career of Gene Haas:

Here are the complete details about the early life and career of Gene Hass. 

  • 1952: He was born November 12, 1952, in Youngstown, Ohio, U.S.
  • 1970: He completed his school education from high school in Mission Hills, California. 
  • 1975: He graduated with a Bachelor of Science degree in accounting and finance.
  • 1975: He graduated in accounting and finance from California State University, Northridge. He could not find a job and worked as a CNC programmer and machinist for the next few years.
  • 1978: He chooses to open the small machine pro turn engineering shop and hire two employees.
  • 1980: He observed that his employees take a long time to position the indexer manually. He built his indexer using the stepper motor drive for his and other mechanic shops.
Early Life and Career of Gene Haas
  • 1983: At WESTECHe, he displayed his indexer. Afterward, he decided to form a Haas automation so he could produce it abundantly. Its sale was a great experience because it was inexpensive and programmable. 
  • 1986: The U.S. patent awarded him and his partner for the outstanding Innovation. 
  • 1988: He continues to work on the enclosed CNC machining center production.
  • 1997: He completed the production of a 420,000-square-foot facility in the Oxnard factory. 
  • 1999: He developed the Gene Haas Foundation to support local charities and food shares and accomplish rescue missions. 
  • 2002: He formed a “Haas CNC Racing” as a NASCAR race team.
  • 2004: His racing team’s first-time show win against the driver Jason Leffler, then-Busch Series in 2004.
  • 2005: He expanded the factory to 1,000,000 square feet. 
  • 2006: He was arrested by the IRS agents for conspiracy, witness intimidation, and Filing false tax reports. He was sentenced to two years and a fine of $75 million. 
  • 2007: Haas built Windshear, which is known as one of the most advanced automotive wind tunnels that is known widely in the world. 
  • 2008: The construction of the wind tunnel was completed in 2007. In 2008, it became open for customers, and it’s the Formula One race team. 
  • 2014: Haas automation is the most selling record, around $1 billion worldwide, and has become the largest tool manufacturing machine. He also confirmed the news of entering the team to the F1 championship from 2015 to 2016. To enter the F1 championship, he named his team the “Haas F1 Team”. 
  • 2022: His foundation has supported the $27 million grants. 
  • Haas is doing automation projects and improving his company’s productivity over time. He is working on expanding his business and collaborating to improve profits over time. 

Personal Life of Gene Haas:

The information related to Gene Haas’s personal life is given below.

  • His mother was a schoolteacher. His father worked as a designer of electrical cabinets. The name of his parents is unknown. 
  • When he was a child, his family moved to Los Angeles, and he grew up there. 
  • When he was 14, he worked to deliver the newspapers and earned from there. 
  • There’s no record of any previous relationships before his marriage. 
  • He is married to Bernadette Haas, and she is no more. There’s no information about his children; he is single right now. 
Personal Life of Gene Haas

How did Gene Haas increase his net worth?

Gene Haas net worth is increased in different ways. Now, we will look at the possible sources that have helped him to generate this massive income. 

  • Haas Automation: He strongly built up his net worth and made his name through his automation company, and it’s an excellent turnout for him. His company is counted as one of the best equipment supplier companies in the world. 
  • Haas Formula 1 Team: He has earned a valuable income through his Haas F1 Team. 
  • F1 and Ferrari collaboration: Hass has collaborated with Ferrari to develop the competitive Formula 1 cars. This Partnership helps both teams and increases the financial growth of both owners. 
  • Stewart-Haas Racing: Haas has also raised his net worth through Stewart-Haas racing, adding sustainable profit to him. 
How did Gene Haas increase his net worth?

Where Did Gene Haas Spend His Net Worth?

  • Gene Haas Foundation: He spends and runs through the foundation that helps the community. The foundation spends more than a million dollars to support education and to help the communities.
  • Donation to Danville Community College: In 2015, he received an award of 1 million rupees to support and conduct the Associate of Applied Science degree program in Integrated Machining Technology. 
  • Luxury lifestyle: He earns a lot of income and spends most of his money on attaining a luxury lifestyle. 
Where Did Gene Haas Spend His Net Worth?

Social Media Accounts of Gene Haas:

The official social media accounts of Gene Haas are given below.

Accounts NameFollowersLinks
Instagram2980https://www.instagram.com/genehaasfoundation?igsh=MXR3dzl5cXBtc3A2OQ==
Facebook89K1.2Khttps://www.facebook.com/ThisIsFormula1https://www.facebook.com/genehaasfoundation
Twitter 38.5Khttps://twitter.com/Haas_Automation?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Social Media Accounts of Gene Haas

Frequently Asked Questions

Gene Haas is generating high income through the Haas CNC Automation, generating a revenue of approximately $1.0 Billion. 

Moneygram is the biggest sponsor that sponsors the $20m annually. 

Final Words: 

As discussed above, Gene Haas net worth is approximately $250 million. He has such an eye-dropping income whose information is collected and shared using authentic sources. We welcome you to visit our website and check the net worth details of celebrities taken from reliable and trustworthy sources. 

Annie Shannon

I am Annie Shannon, behind our captivating net worth section here at KnowTheWorth.com. With a keen eye for financial analysis and a passion for uncovering the stories behind the numbers, Annie brings a fresh perspective to the world of celebrity wealth

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