Sid Bass

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

Sid Richardson Bass (born April 9, 1942) is an American investor and businessman.

Life[edit]

Bass is a graduate of Yale University and Stanford Business School. His father, Perry Richardson Bass (died 2006), built an oil fortune with uncle, Sid Richardson (died 1959). Bass took control of the business in 1968, and 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.

In 1990, Bass donated $20 million to Yale University for the study of humanities.[1] In 2006, he made a record gift of $25 million to the Metropolitan Opera, in New York.[2]

Bass divorced his first wife, née Anne Hendricks, and married the Iranian socialite Mercedes Bass (the former Mercedes Kellogg, née Mercedes Tavacoli).[3] Mercedes and Ambassador Kellogg had no children. Daughter Hyatt Bass is a writer. On October 6, 2011, it was reported that Mercedes and Sid Bass, anchors of the city's business and philanthropic world, announced their divorce, ending 23 years of marriage.[4] The divorce proceedings sparked fears that the Metropolitan Opera would lose one of its leading donors; Mercedes Bass had given $25 million to her passion, to which Sid appeared indifferent.[5]

Forbes Listing[edit]

Bass was listed as the 287th richest person in the world in 2007 by Forbes, with a net worth of US$3.0 billion.[6]

References[edit]