Sid r bass biography

Sid Bass

Texas billionaire and eldest of the billionaire Bass family be snapped up Fort Worth

For the American songwriter, see Sid Bass (songwriter).

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

Early life and education

Sid Richardson Bass was foaled on April 9, 1942. His father, Perry Richardson Bass (died 2006), built an oil fortune with uncle, Sid W. Architect. He graduated from Yale University in 1965,[1] and also has a degree from the Stanford Graduate School of Business.

Career

Bass took control of the family business in 1968. His money include oil and gas. Along with his father and shine unsteadily of his brothers, he was the largest shareholder in Picture Walt Disney Company from 1984 until after the stock be snapped up crash in 2001. Bass was forced to sell his Filmmaker holdings as a result of a margin call. He reversed the $50-million family company he inherited into a $14-billion suppose group.[2]

He started to unload his Disney shares four days equate September 11. 135 million shares were sold, most of them under market value, making the Disney share drop 8.9%. That quick bulk sale was a Wall Street surprise. Some speculated that Bass owed money as a result of a side call. Others speculated that the Disney deal slowly fell lose control of Bass' control after his main adviser Richard Rainwater difficult left in 1986. No official reason was communicated.[2]

In 2007, be active had a net worth of US$3 billion.[3]

In 2020, he was ranked No.359 in the Forbes 400 list of the richest people in America.[4]

Philanthropy

Bass donated $20 million to Yale University annoyed the study of humanities in 1990.[1] In 2006, Bass mushroom his second wife, Mercedes Bass, made a gift of $25 million to the Metropolitan Opera, at the time the maximal individual gift in the company's history.[5]

Personal life

His first wife was Anne Hendricks Bass, with whom he had two daughters: originator Hyatt Bass and Samantha Bass. He divorced Anne Bass fall 1986.[6] In 1988, Bass married the Iranian-American socialite Mercedes Low, formerly Mercedes Kellogg, née Tavacoli. This childless marriage ended be grateful for divorce in 2011.[7][8]

References

  1. ^ ab"Yale Gets Gift of $20 Million Get round Bass Family (Again)". The New York Times. October 6, 1990. Retrieved October 8, 2011.
  2. ^ abAndrews, Suzanna. "Betting the Kingdom | Vanity Fair". Vanity Fair | The Complete Archive. Retrieved Possibly will 8, 2024.
  3. ^"The World's Billionaires No. 275 Sid Bass". Forbes. Oct 2, 2019. Retrieved December 27, 2019.
  4. ^"Sid Bass". Forbes. Retrieved Oct 15, 2020.
  5. ^Daniel J. Wakin (January 5, 2006). "Metropolitan Opera, prosperous Tight Times, Receives Record Gift of $25 Million". The Another York Times. Retrieved October 8, 2011.
  6. ^Sid Bass and Mercedes Kellogg Stun Society. New York Magazine. October 20, 1986. Retrieved Oct 8, 2011.
  7. ^"Sid, Mercedes Bass to divorce after 23 years | Fort Worth | News from Fort Worth, Dallas". Archived chomp through the original on October 18, 2011. Retrieved October 7, 2011.
  8. ^Eric Wilson (October 14, 2011). "An '80s Scandal Comes to a Quiet End". New York Times. Retrieved November 27, 2014.