Sid Bass

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For the American songwriter, see Sid Bass (songwriter).
Sid Bass
Born April 9, 1942
Education Yale University
Stanford Business School
Occupation Investor, philanthropist
Spouse(s) Anne (Hendricks) Bass (divorced)
Mercedes Bass (divorced)
Children Hyatt Bass
Parents Perry Richardson Bass
Nancy Lee Bass
Relatives Sid W. Richardson (great-uncle)
Lee Bass (brother)
Ed Bass (brother)
Robert Bass (brother)

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

Biography[edit]

Early life[edit]

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 and the Stanford Business School.

Career[edit]

He 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 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.

He was listed as the 287th richest person in the world in 2007 by Forbes, with a net worth of US$3.0 billion.[1]

Philanthropy[edit]

In 1990, he donated $20 million to Yale University for the study of humanities.[2] In 2006, he made a record gift of $25 million to the Metropolitan Opera, in New York.[3]

Personal life[edit]

His first wife was Anne (Hendricks) Bass. They had a daughter, Hyatt Bass. In 1986, he got divorced and married the Iranian socialite Mercedes Bass (the former Mercedes Kellogg, née Mercedes Tavacoli).[4] They had no children. They divorced in 2011.[5] 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.[6]

References[edit]