He 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. 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. 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.
Bass divorced his first wife, née Anne Hendricks, and married the Iranian socialite Mercedes Bass (the former Mercedes Kellogg, née Mercedes Tavacoli). 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. 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.
He was listed as the 287th richest person in the world in 2007 by Forbes with a net worth of US$3.0 billion.
- "Yale Gets Gift of $20 Million From Bass Family (Again)". The New York Times. October 6, 1990. Retrieved Oct 8, 2011.
- "Metropolitan Opera, in Tight Times, Receives Record Gift of $25 Million". The New York Times. January 5, 2006. Retrieved Oct 8, 2011.
- Sid Bass and Mercedes Kellogg Stun Society. New York Magazine. October 20, 1986. Retrieved Oct 8, 2011.
- "The World's Billionaires No. 287 Sid Bass". Forbes. Mar 8, 2007. Retrieved Oct 8, 2011.
|This article about an American businessperson born in the 1940s is a stub. You can help Wikipedia by expanding it.|