Gene Haas Net Worth (Updated 2025).
Gene Haas, a name synonymous with innovation and entrepreneurship, began his career in the early 1980s, fueled by a passion for technology and a keen business acumen. Born and raised in California, Haas’s fascination with machines and engineering led him to pursue a degree in Mechanical Engineering from the University of California, Berkeley. Upon graduation, he started his professional journey as a draftsman, which provided him with a solid foundation in design and manufacturing processes.
Haas’s big break came in 1983 when he founded his first company, Haas Automation, in a small garage in Oxnard, California. With a modest investment and a vision to revolutionize the machine tool industry, Haas developed his first CNC (Computer Numerical Control) machine. This machine, the VF-1, was a game-changer, offering high-quality, affordable manufacturing solutions to businesses. The success of the VF-1 catapulted Haas Automation to fame, making Gene Haas a household name in the manufacturing sector.
Gene Haas’ Current Net Worth (2025)
As of 2025, Gene Haas’ current net worth is estimated to be $1.3 billion, according to Forbes. This significant wealth is primarily attributed to his successful business ventures in the manufacturing and motorsports industries.
Career
Gene Haas, born in 1952, is an American businessman and entrepreneur. He founded Haas Automation in 1983, which has since become a leading manufacturer of CNC machine tools. In 2014, Haas launched Haas F1 Team, marking the first American-led Formula One team in 30 years.
Other Ventures
Beyond his manufacturing and motorsports endeavors, Haas is also involved in aerospace. In 2014, he founded Haas Automation’s sister company, Haas Automation Aerospace, which focuses on producing high-quality, affordable aerospace components.
Assets
Gene Haas’ assets include a majority stake in Haas F1 Team, along with 100% ownership of Haas Automation and Haas Automation Aerospace. His real estate holdings include a sprawling estate in Southern California, valued at over $20 million.
Annual Income
Gene Haas’ annual income is primarily derived from his business ventures. In 2024, it was estimated to be around $100 million, with a significant portion coming from Haas Automation’s robust sales and Haas F1 Team’s sponsorship deals and race earnings.
Frequently Asked Questions about Gene Haas
**Frequently Asked Questions: Gene Haas Net Worth**
1. What is Gene Haas’ net worth?
Gene Haas’ net worth is estimated to be around $1 billion.
2. How did Gene Haas make his fortune?
Gene Haas made his fortune primarily through his work in aerospace engineering and his ownership of the NASCAR team, Stewart-Haas Racing.
3. What is Gene Haas’ primary source of income?
Gene Haas’ primary source of income is his aerospace engineering company, Haas Automation, and his NASCAR team, Stewart-Haas Racing.
4. What is Haas Automation?
Haas Automation is a company founded by Gene Haas that designs and manufactures CNC (Computer Numerical Control) machine tools.
5. Who are the drivers for Stewart-Haas Racing?
The current drivers for Stewart-Haas Racing are Kevin Harvick, Aric Almirola, Cole Custer, and Chase Briscoe.
6. Has Gene Haas ever been married?
Yes, Gene Haas has been married to his wife, Kathleen, since 1982.
7. Does Gene Haas have any children?
Yes, Gene Haas has two children, a son named Brandon and a daughter named Kelly.
8. What is Gene Haas’ educational background?
Gene Haas graduated from the University of California, Berkeley with a degree in aeronautical engineering.
9. What is Gene Haas’ political affiliation?
Gene Haas is a registered Republican.
10. What are some of Gene Haas’ philanthropic efforts?
Gene Haas has been involved in various philanthropic efforts, including supporting the Boy Scouts of America and donating to the University of California, Berkeley’s engineering department.