Robert Bass

Robert Muse Bass
Born 1948 (age 69–70)
Residence Fort Worth, Texas, US
Nationality American
Alma mater Yale University
Stanford University
Occupation Businessman, philanthropist
Net worth US$4.9 billion (2017)[1]
Spouse(s) Anne T. Bass
Children 4
Parent(s) Perry Richardson Bass
Nancy Lee Bass
Relatives

Robert Muse Bass (born 1948) is an American billionaire businessman and philanthropist. He is the chairman of Aerion Corporation, an American aerospace firm in Reno, Nevada, which seeks to build the first supersonic business jets.[1] He was worth about $4 billion in 2010, thanks to oil and other investments.[2] Bass has served on the Texas Highway & Public Transportation Commission.[3]

Early life

Robert Muse Bass was born in 1948 in Fort Worth, Texas. His father, Perry Richardson Bass, was an investor, philanthropist and sailor. His mother, Nancy Lee Bass, was a philanthropist. He has three brothers: Lee Marshall Bass, Ed Bass, and Sid Bass. His uncle is Sid Richardson

Bass graduated from Yale University, where he received a bachelor of arts degree.[4] He received a master in business administration from the Stanford Graduate School of Business.[4]

Career

Bass's father founded Bass Brothers Enterprises in 1960 after inheriting $11 million from his great uncle Sid W. Richardson in 1959.[5] In 1985, he founded the Robert M. Bass Group as his personal investment company.[3] Bass also serves as the chairman of Aerion Corporation and president of Keystone, Inc. He founded Oak Hill Capital Partners in 1986.[6]

Taft Broadcasting was purchased by TFBA Limited Partnership, which included Robert M. Bass, in April 1987 for $1.43 billion taking the company private. Bass in March 1988 sold the Plaza Hotel to Donald Trump, thanks to their mutual friend Thomas J. Barrack Jr..[7] He led a buy-out of Bell & Howell in April 1988.[8] In June 1988, Bass made an offer to purchase Macmillan Inc., the publishing and information company, but the company responded with a restructuring.[3]

Philanthropy

Bass has served as chairman of Stanford University's board of trustees,[4] Stanford Management Company, the National Trust for Historic Preservation, and Cook Children’s Medical Center. He is a trustee of Stanford University,[4] a director of Stanford Management Company, a trustee of the Brookings Institution,[9] a trustee of Rockefeller University, Groton School, Middlesex School, and the Amon Carter Museum.

Bass and his wife Anne donated $13 million to fund the renovation of Yale's Cross Campus Library, which was renamed the Bass Library.[10] In 2005, they donated $30 million to the Stanford Graduate School of Business.[11] In 2013, they donated $50 million to Duke University to support Bass Connections, an initiative to encourage cross-disciplinary collaboration and studies.[12] In 2001, Bass and his wife donated $10 million to Duke to strengthen undergraduate teaching. They also donated $10 million in 1996 to establish the Bass Society of Fellows at Duke.[13]

Personal life

Bass is married to Anne T. Bass.[4] They have four children.[1] One daughter, Margaret, was featured in an article showing the importance of connections in university admissions which clearly factored into her acceptance at Stanford.[14][15] They reside in Fort Worth, Texas, and also have homes in New York and in Washington, D.C.[16][17][18] They also have a home in Seal Harbor, on Mount Desert Island, Maine.

References

  1. 1 2 3 "Forbes Profile: Robert Bass". Retrieved 15 September 2017.
  2. ↑ "The Richest People in America". Forbes. 1970-01-01. Retrieved 2015-07-29.
  3. 1 2 3 Applebome, Peter (June 5, 1988). "TEXAS DEAL MAKER: Robert M. Bass; A Younger Brother Steps Out on His Own". New York Times. Retrieved July 3, 2016.
  4. 1 2 3 4 5 Sullivan, Kathleen J. (August 9, 2013). "Robert M. Bass returning to Stanford's Board of Trustees". Stanford News. Retrieved July 22, 2016.
  5. ↑ Leslie Wayne, Perry R. Bass, 91, Patriarch of Famed Texas Oil Family, Dies, The New York Times, June 2, 2006
  6. ↑ "About Us: Decades Of Success". Oak Hill Capital Partners. Retrieved July 22, 2016.
  7. ↑ Segal, David (January 16, 2016). "What Donald Trump's Plaza Deal Reveals About His White House Bid". The New York Times. Retrieved July 22, 2016.
  8. ↑ "Group Led by Robert Bass Offers $602 Million for Bell & Howell". The Los Angeles Times. November 26, 1987. Retrieved July 22, 2016.
  9. ↑ "Board of Trustees". brookings.edu. 22 July 2016.
  10. ↑ "Viewers of Le's records may be fired | Yale Daily News | Page 21937". Yale Daily News. 2009-10-07. Archived from the original on 2009-01-13. Retrieved 2015-07-29.
  11. ↑ Archived December 11, 2010, at the Wayback Machine.
  12. ↑ "New Initiative Prepares Students for Society's Challenges | Duke Today". Today.duke.edu. 2013-01-22. Retrieved 2015-07-29.
  13. ↑ "$10 Million Gift for Undergrad Education | Duke Today". Today.duke.edu. 2001-01-26. Retrieved 2015-07-29.
  14. ↑ "For Groton Grads, Academics Aren't Only Keys to Ivy Schools". wsj.com. Retrieved 2015-12-29.
  15. ↑ "Connections to University can affect admissions decision". stanforddaily.com.
  16. ↑ "Robert Bass". forbes.com.
  17. ↑ "Robert and Anne Bass live in historic house in Washington, D.C." mcclatchydc.com.
  18. ↑ "Drop the $8 M.: Robert Bass Pays Shocking $42 Million for Mezzacappa's 834 Fifth Place". observer.com. 13 February 2012.
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