Gene Haas Net Worth is$250 Million
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Profession: Engineer, Businessperson
Date of Birth: Nov 12, 1952
Country: United States of America

What is Gene Haas Net Worth?

Gene Francis Haas is an American businessman with a net worth of $250 million. Gene Haas has gained his net worth by being the founder and stockholder of Haas Automation. Born in California, Haas graduated from California State University, Northridge with a Bachelors in Accounting and Finance. Originally in the engineering field, Haas has now formed a NACAR race team.
Gene Francis Haas (born November 12, 1952) is founder, president, and sole stockholder of Haas Automation, one of the world's leading CNC machine tool manufacturers. He also founded a NASCAR team, Haas CNC Racing now known as Stewart Haas Racing.
Haas graduated from California State University Northridge in 1975 with a Bachelor of Science in Accounting and Finance. He originally majored in engineering but switched to business after Lockheed nearly went bankrupt. Ironically, after graduation he was unable to find employment in business that paid more than what he was earning at his summer machine shop job. So, for the next few years he worked as a machinist and NC programmer. In 1978, he opened Pro-turn Engineering, a small machine shop with two employees; Tony Cortez and Abel Bugarin.
In 1980, Haas noticed that it took Bugarin a long time to manually position an indexer. Haas thought building his own indexer with a stepper motor drive would make his shop more efficient. He built one for himself and few more for other machine shops. In March 1983, he displayed his indexer at WESTEC (an industry expo). After seeing the positive reaction of attendees, he decided to form Haas Automation to mass produce them. His first commercial product, the HBI-5C (Haas Brothers Indexer), sold well because it was programmable and inexpensive. In 1986, Haas and a partner were awarded a U.S. Patent for their invention.
In 1988, after reverse-engineering a popular American machining center, Haas started production on a fully enclosed CNC machining center priced at $49,900, well below the competition. Over time, Haas machine tools became extremely popular, mostly because they are simple, very affordable, and because the in-house designed computer control is operator-friendly (no soft-keys or cryptic menus).
By 1996, Haas had outgrown its facilities in Chatsworth, California and began a search that ultimately brought it to the coastal community of Oxnard, California. In March 19

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Gene Haas Latest News

Gene Haas Borrows From NASCAR, Adds To F1 Team

Gene Haas is taking on quite the endeavor in 2016 when he tries to put together a winning American team in Formula One. Such a feat has never truly been achieved, at least not with any sustained success. As 2016 continues to come nearer Haas continues to ...
Posted: November 15, 2014, 2:32 pm

Gene Haas says he's not removing Kurt Busch from No. 41 car

Gene Haas, co-owner of Stewart-Haas Racing, said Sunday that he won't remove Kurt Busch from his No. 41 car. Busch's ex-girlfriend, Patricia Driscoll, has accused Busch of domestic assault at a race weekend in Dover, Del., at the end of September.
Posted: November 9, 2014, 5:17 pm

Haas taps Borland for F1 team

After seven seasons with Gene Haas, Matt Borland is transitioning to his new role with Haas F1 team. MIAMI – The motorsports balancing act is in full swing for Gene Haas. This weekend, Chase favorite Kevin Harvick and the No. 4 Budweiser team will ...
Posted: November 13, 2014, 2:02 am
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