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
Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the worl ...
in 1965,
and also has a degree from the
Stanford Graduate School of Business
The Stanford Graduate School of Business (also known as Stanford GSB) is the graduate business school of Stanford University, a private research university in Stanford, California. For several years it has been the most selective business sc ...
.
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
The Walt Disney Company, commonly known as Disney (), is an American multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California. Disney was originally founded on October ...
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
''Margin Call'' is a 2011 American drama film written and directed by J. C. Chandor in his feature directorial debut. The principal story takes place over a 24-hour period at a large Wall Street investment bank during the initial stages of th ...
.
In 2007, he had a net worth of US$3 billion.
In 2020, he was ranked No.359 in the Forbes 400 list of the richest people in America.
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
Anne Hyatt Hendricks Bass (October 19, 1941 – April 1, 2020) was an American investor, documentary filmmaker, philanthropist and art collector. She was the former wife of billionaire oilman Sid Bass. She directed the 2010 documentary film ''Dan ...
. Their marriage produced 2 daughters, one being author
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.
References
{{DEFAULTSORT:Bass, Sid
1942 births
Living people
People from Fort Worth, Texas
Businesspeople from Texas
Yale University alumni
Stanford Graduate School of Business alumni
American businesspeople in the oil industry
American billionaires