Sid Bass

For the American songwriter, see Sid Bass (songwriter).
Sid Bass
Born April 9, 1942
Fort Worth, Texas, U.S.
Education Yale University
Stanford Business School
Occupation Investor, philanthropist
Net worth US$3 billion (2007)[1]
Spouse(s) Anne Hendricks Bass (divorced)
Mercedes Bass (divorced)
Children Hyatt Bass
Parent(s) Perry Richardson Bass
Nancy Lee Bass
Relatives Sid W. Richardson (great-uncle)
Lee Bass (brother)
Ed Bass (brother)
Robert Bass (brother)
Josh Klausner (son-in-law)

Sid Richardson Bass (born April 9, 1942) is an American billionaire investor and philanthropist.

Early life

Sid Richardson Bass was born on April 9, 1942. His father, Perry Richardson Bass (died 2006), built an oil fortune with uncle, Sid W. Richardson. He graduated from Yale University in 1965,[2] and also has a degree from the Stanford Business School.

Career

Bass took control of the family business in 1968. His investments include oil and gas. Along with his father and two of his brothers, he was the largest shareholder in The Walt Disney Company from 1984 until after the stock market crash in 2001. Bass was forced to sell his Disney holdings as a result of a margin call.

He was listed as the 287th richest person in the world in 2007 by Forbes, with a net worth of US$3.0 billion.[1]

Philanthropy

Bass donated $20 million to Yale University for the study of humanities in 1990.[2] In 2006, Bass and his second wife, Mercedes Bass, made a gift of $25 million to the Metropolitan Opera, at the time the largest individual gift in the company's history.[3]

Personal life

His first wife was Anne Hendricks Bass. Their marriage produced a daughter, Hyatt Bass, and ended in divorce in 1986.[4] In 1988, Bass married the Iranian socialite Mercedes Bass (the former Mercedes Kellogg, née Mercedes Tavacoli). This marriage ended in divorce in 2011, producing no children.[5][6]

References

  1. 1 2 "The World's Billionaires No. 287 Sid Bass". Forbes. Mar 8, 2007. Retrieved Oct 8, 2011.
  2. 1 2 "Yale Gets Gift of $20 Million From Bass Family (Again)". The New York Times. 1990-10-06. Retrieved 2011-10-08.
  3. ↑ Daniel J. Wakin (2006-01-05). "Metropolitan Opera, in Tight Times, Receives Record Gift of $25 Million". The New York Times. Retrieved 2011-10-08.
  4. ↑ Sid Bass and Mercedes Kellogg Stun Society. New York Magazine. October 20, 1986. Retrieved Oct 8, 2011.
  5. ↑ http://www.star-telegram.com/2011/10/06/3426218/sid-mercedes-bass-to-divorce-after.html
  6. ↑ Eric Wilson (2011-10-14). "An '80s Scandal Comes to a Quiet End". New York Times. Retrieved 2014-11-27.
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