Gale Banks was born in 1942 and is a drag racer, hot rodder, entrepreneur, and engineer from Lynwood, California. The company he runs, Gale Banks Engineering, manufactures performance components for marine and automotive engines. The company deals in diesel engines as well as high-end equipment, accessories, and performance parts. There are more than 100 employees in the company.
Gale Banks Net Worth
Gala Banks’ net worth is estimated at $51 Million.
Gala Banks Engineering founder and president has over fifty years of engineering milestones. Banks began his career at the age of 14 by tearing down his mother’s ’31 Ford Model A engine and increasing its horsepower by more than 40.
Exactly two years after that, in 1958, Gale began working in the engine industry, at first in Lynwood, California, and later in San Gabriel. He continues to lead the 200-person engineering and manufacturing complex occupying 12 acres in the town of Azusa, California.
Gale Banks Engineering is well known worldwide as a company that designs and manufactures power-enhancing components for engines such as diesel and gasoline trucks, RVs, and large crossovers. For more than half a century, the engines built by Gale have set new standards and shattered records.
The marine engines he developed propelled championship yachts at national and international racing competitions, and the U.S. military selected his engines. Despite its long racing history, Banks Power continues to be the only manufacturer that has held records for both automobiles and trucks at Bonneville.