Gene Haas Net Worth

His product the HBI-5C was patented in 1986. In 2008 sales for Haas Automation were just under $1 billion. The company is the largest machine tool manufacturer in the U.S. Gene formed Haas CNC Racing in 2002. He joined up with Tony Stewart in 2008 to form Stewart-Haas Racing. He submitted interest in 2014 to have his Haas Racing Developments team compete in Formula One racing. In 1999 he formed the Gene Haas Foundation to help local charities. In 2006 he was arrested by the IRS for filing false tax returns, conspiracy, and witness intimidation. He served 16 months in prison and was ordered to pay $75 million in restitution.