Gale Banks Net worth: All Important Information!

Gale Banks (born 1942) is a Lynwood, California-born American hot rodder, drag racer, engineer, and entrepreneur. Gale Banks Engineering is a firm that sells performance components for automotive and marine engines. It specializes in diesel engines as well as cutting-edge high-end equipment, performance components, and auxiliaries.  The firm employs more than 100 people.

Gale Banks Family History And Career

Gale Banks, often known as Gale Banks, is a well-known American Engineer. Gale Banks began his career as an Engineer on January 1, 1942, in the United States of America. He is a well-known Engineer in the 79-year-old age bracket. We propose that you look through the entire list of Famous Engineers.

Gale Banks began his hot rodding career in 1958 by changing the engine in his mother’s automobile. He establishes “C.P’s Auto & Marine Racing Engines” to help pay for his undergraduate education at Cal Poly, Pomona.

1966: Banks modifies a 1953 Studebaker and drives it to class records at El Mirage Dry Lake and the Bonneville Salt Flats, reaching 184.52 mph as recognized by the Southern California Timing Association. The First Banks-branded turbo marine racing engine is manufactured in 1970. The American Power Boat Association (APBA) and the National Jet Boat Association (NJBA) Jet Class national championships are won by Gale Banks Engineering with Banks Power engines.

1974: The Banks/Brunette tunnel boat wins the first of five straight APBA Endurance Tunnel Hull national championships, powered by a 398 cubic inch engine designed by Gale Banks Engineering and Banks Power. 1976: The “Crucifier,” a race boat powered by a Banks fuel-injected nitro HEMI, wins every event it enters, including the NDBA and APBA championships.

N.I.S.T.A. in the Department of Transportation contracts Gale Banks Engineering to build the power train for its Large Research Safety Vehicle (L.S.R.V.) program in 1978. When completed, it satisfied the projected fuel and pollution criteria for 1985. Banks also created the world’s first electronically injected oxygen-sensing turbocharged engine for Volvo this year.

1980: The United States Navy Seals hire Banks to build an experimental twin-turbo marine engine that produces 535 horsepower and operates on 84-octane “Battle Gas.” 1981: Banks pioneers the high-performance diesel aftermarket with the development of his first turbocharger system for the 6.2-liter GM diesel. Also that year, a 450-hp twin-turbo Buick V-6 powered by Banks serves as the prototype for the Buick Grand National production vehicle.

1982: The “Sundowner” Corvette, powered by a Banks twin-turbo large block, surpasses the “Hanky Panky” Studebaker, which also employed a Banks-developed twin-turbo power plant, to become the “World’s Fastest Passenger Car” at 240 mph. The Banks twin-turbo powered S-1 Express also won an APBA world championship this year.

1984: A street-legal Pontiac Trans Am with 700 horsepower and a Banks turbo smashes the 200-mph barrier and is featured on the cover of Car & Driver magazine. A Banks Power twin-turbo 1800-hp engine was installed in 1987. The Pontiac GTA establishes a new “World’s Fastest Passenger Car” speed record of 277 mph at Bonneville Salt Flats, according to the Southern California Timing Association. For the following eleven years, this record held.

Banks turbocharger systems become a dealer-specified option in 1988. 1992: A Banks Power-designed dual air intake and intercooler system produces an 80-hp boost over the factory-turbocharged Dodge Cummins engine. Banks’ “Sidewinder” aftermarket turbocharger debuted in 1993. When compared to OEM turbochargers, tests demonstrate that turbo-lag periods are reduced and throttle responsiveness is improved.

Banks started selling intercoolers to boost the performance of the Ford Power Stroke diesel engine in 1994. At the time, Ford did not use intercoolers on their diesel-powered pickup trucks. A street-legal Dodge Dakota pick-up truck constructed at the Banks Power facility with a 735-hp, 1300 lb-ft, 5.9 liters Cummins hauls its own trailer to Bonneville and establishes the FIA record for “World’s Fastest Pickup Truck” with a two-way average of 217 mph and a one-way peak speed of 222.

Gale Banks creates the world’s first supercharged Top Diesel Dragster in 2011. Gale Banks competes in the Pikes Peak International Hill Climb alongside Paul Dallenbach. Banks and Dallenbach compete in Pikes Peak in 2012. Banks and racer/stunt driver Mike Ryan link up in a Freightliner Cascadia to compete at Pikes Peak in 2013.

Gale Banks Net worth

In 2021-2022, his net worth increased dramatically. So, what is Gale Banks’ net worth at the age of 79? Gale’s income is primarily derived from his work as a successful American Engineer. The net worth of Gale Banks is believed to be $51 million.

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