Gene Haas Net Worth

Gene Haas, the American entrepreneur and founder of Haas Automation, has left an indelible mark on the manufacturing and motorsports industries.

Beyond the innovative CNC machines and successful racing teams that bear his name, Haas’s net worth of $250 million stands as a testament to a lifetime dedicated to business acumen and philanthropy.

Born in November 1952, Gene Haas’s journey to success began with a degree in accounting and finance from California State University Northridge in 1975. His early career as a machinist and CNC programmer laid the groundwork for the founding of Pro-turn Engineering in 1978, a small machine shop that marked the inception of Haas Automation.

Haas’s ingenuity reached new heights with the development of the HBI-5C, patented in 1986, which contributed to the company’s growth. By 2008, Haas Automation’s sales approached the $1 billion mark, solidifying its position as the largest machine tool manufacturer in the United States.

Not content with revolutionizing manufacturing, Gene Haas ventured into the world of motorsports, founding Haas CNC Racing in 2002. This endeavor evolved into the powerhouse known today as Stewart-Haas Racing, formed in collaboration with racing icon Tony Stewart in 2008.

However, Gene Haas’s impact extends beyond the boardrooms and racetracks. A philanthropist at heart, Haas has generously supported education and community initiatives. His donations to two-year colleges, including a $1 million grant to Danville Community College in 2015, reflect his commitment to advancing education in machining technology.

The Gene Haas Foundation, established in 1999, stands as a testament to Haas’s dedication to community welfare. Through grants to local charities such as Boys and Girls Clubs, Food Share, and Rescue Mission, the foundation has made a significant impact on the Ventura County community.

In 2022 alone, the Gene Haas Foundation provided over $27 million in grants, bringing the total since its inception to an impressive $175 million. These funds have been directed towards supporting manufacturing education and various community initiatives, showcasing Haas’s commitment to giving back and making a lasting impact.