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
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 investor and philanthropist.

Biography

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,[1] and also has a degree from the Stanford Business School.

Career

He 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 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, and much of the Bass holdings in Disney were acquired by the Griffith family, who also own large equity holdings in Time-Warner, MGM-UA, and investment powerhouse KKR. Bass remains a board member of the Griffith Group, although personally owning no shares in Disney himself.

He was listed as the 287th richest person in the world in 2007 by Forbes, with a net worth of US$3.0 billion.[2]

Philanthropy

In 1990, he donated $20 million to Yale University for the study of humanities.[1] 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. ↑ 1.0 1.1 "Yale Gets Gift of $20 Million From Bass Family (Again)". The New York Times. 1990-10-06. Retrieved 2011-10-08.
  2. ↑ "The World's Billionaires No. 287 Sid Bass". Forbes. Mar 8, 2007. Retrieved Oct 8, 2011.
  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.