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 Formula 1 team, and the Haas CNC Racing NASCAR team. Haas is the president, founder and sole shareholder of Haas Automation. He is also the developer who designed and constructed the indexer using a stepper motor drive. In March 1983, Haas presented its innovation at WESTEC, an industrial trade show. Stewart-Haas Racing is the new moniker for its parent company, the Haas CNC Racing NASCAR team.
Gene Haas Net Worth and Salary
When it comes to his wealth, Haas has amassed an incredible amount of money over the years. Gene Haas, founder of Haas Automation, has a net worth of $250 million as of November 2023. There is no doubt that his company, Haas Automation, is the largest machine tool manufacturer in the country. His machine tools were soon noticed and became more and more popular over time. This is because these devices are simple, cheap and easy to use. Furthermore, Haas Automation’s global sales reached a new peak in 2008, hovering around $1 billion.
Lifestyle
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 bachelor’s degree in finance and accounting. Despite his degree in accounting, Hass had always intended to pursue engineering.
When it comes to marriage, Hass married Bernadette Haas. Bernadette sadly passed away on June 29, 2016. Furthermore, on June 19, 2006, Haas was arrested for filing false tax returns and was found guilty of defrauding the government. This occurred during 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 founded several charities over the years. The Gene Haas Foundation and Haas Automation are two of those organizations. Haas Automation has supplied 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 gave Danville Community College a $1 million donation.
A huge donation helped fund the Bachelor of Applied Science program in Integrated Machine Technology. Since 2001, the Gene Haas Foundation has distributed enormous sums of money. He 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 do not stop here, they grow. The Gene Haas Foundation awarded CVTC a $40,000 scholarship. Haas received the prestigious Roy Pinkerton Award for his thoughtful and compassionate philanthropic efforts.
The career of Gene Haas
Skilled Gene Haas started working shortly after graduating. Although he could not find a job at first, he eventually laid the foundations for a more prosperous future. Haas worked as a CNC programmer, but also as a machinist. In 1978 he founded Pro-turn Engineering, a small machinery company. He not only created the indexer, but also the Haas 5C. The Haas 5C indexer is a fully programmable collet (5C).
The machine tool helped transform the industry and was the first piece of equipment to automatically reposition its components with perfect precision at the push of a button. Haas Automation, created by Gene Haas himself, mass produces the indexer. Additionally, Gene Haas patented the HBI-5C in 1986. He started production on a fully equipped CNC machining machine for a fraction of the market value. In addition, Haas and Tony Stewart co-founded Stewart-Haas Racing in 2008.
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Source: vcmp.edu.vn