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, 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.
Philanthropy
Bass donated $20 million to Yale University for the study of humanities in 1990. 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.
Personal life
His first wife was Anne Hendricks Bass. Their marriage produced a daughter, Hyatt Bass, and ended in divorce in 1986. 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.
Summary
| 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) |
| 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) |
American businessman and investor Sid Richardson Bass has an estimated net worth of $1.81 billion as of April 2016 according to Forbes. Best associated with The Walt Disney Company, Sid Bass has also investments in gas and coal. After graduating from Yale University, Bass attended Harvard Business School. In 1968, he started working for the family business which was founded by his late uncle Sid Richardson and his now deceased father, Perry Richardson Bass. From 1984 through 2001, Sid Bass, together with his two brothers and father, were the largest shareholders in the world renowned The Walt Disney Company. Due to the result of margin call in 2001, Sid Bass and his family were forced to sell their shares which were mostly acquired by the Griffith family. The Griffith family is known to have equity holdings in KKR, MGM-UA and Time Warner.
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