Robert Muse Bass | |
---|---|
Born | |
Education |
Yale University (
BA) Stanford University ( MBA) |
Occupation(s) | Businessman, philanthropist |
Spouse | Anne Thaxton Bass (m. 1970) |
Children | 4 |
Parent(s) |
Perry Richardson Bass Nancy Lee Bass |
Relatives |
|
Robert Muse Bass (born 19 March 1948 [1]) is an American billionaire businessman and philanthropist. He was the chairman of Aerion Corporation, an American aerospace firm in Reno, Nevada. [2] In 2018, he had a net worth of $5 billion. [3] Bass has served on the Texas Highway & Public Transportation Commission. [4]
Robert Muse Bass was born on 19 March 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.[ citation needed]
Bass attended The Governor's Academy, and graduated from Yale University, where he received a bachelor of arts degree. [5] He received a master in business administration from the Stanford Graduate School of Business. [5]
Bass's father founded Bass Brothers Enterprises in 1960 after inheriting $11 million from his great uncle Sid W. Richardson in 1959. [6]
In 1985, Robert Bass founded the Robert M. Bass Group as his personal investment company. [4] In 1990, it was renamed Keystone, Inc., after the Keystone Field in West Texas from which the Bass family derived their fortune. [7] He founded Oak Hill Capital Partners as a family office in 1986. [8]
In April 1987, Bass and other owners of TFBA Limited Partnership bought and took private Taft Broadcasting for $1.43 billion. [9]
In March 1988, Bass sold the Plaza Hotel to Donald Trump, thanks to their mutual friend Tom Barrack. [10] In April 1988, he led a buy-out of Bell & Howell. [11] In June 1988, Bass made an offer to purchase Macmillan Inc., the publishing and information company, but the company responded with a restructuring. [4]
Bass formerly served as chairman of the board at Aerion Supersonic, a developer of supersonic business jets. Bass was replaced by Tom Vice as chairman upon the announcement of a partnership between Boeing and Aerion on February 5, 2019. [12]
Bass has served as chairman of Stanford University's board of trustees, [5] Stanford Management Company, the National Trust for Historic Preservation, and Cook Children’s Medical Center . He is a trustee of Stanford University, [5] a director of Stanford Management Company, a trustee of the Brookings Institution, [13] 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. [14] In 2005, they donated $30 million to the Stanford Graduate School of Business. [15] In 2013, they donated $50 million to Duke University to support Bass Connections, an initiative to encourage cross-disciplinary collaboration and studies. [16] 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. [17] They also contributed to the creation of Bass Hall in Downtown Fort Worth (performing arts venue located in Fort Worth, Texas that routinely hosts musical and theatrical performances). [18]
Bass is married to Anne T. Bass. [5] They have four children. [2] One daughter, Margaret, was featured in a Wall Street Journal article as an example of a student whose wealth and family connections helped her receive admission to an elite university. [19] [20] They reside in the town of Westover Hills near Fort Worth, Texas, and also have homes in New York City and in Washington, D.C. [21] [22] [23] They also have a home in Seal Harbor on the southeast side of Mount Desert Island, Maine (south of Acadia National Park). [24]
Robert Muse Bass | |
---|---|
Born | |
Education |
Yale University (
BA) Stanford University ( MBA) |
Occupation(s) | Businessman, philanthropist |
Spouse | Anne Thaxton Bass (m. 1970) |
Children | 4 |
Parent(s) |
Perry Richardson Bass Nancy Lee Bass |
Relatives |
|
Robert Muse Bass (born 19 March 1948 [1]) is an American billionaire businessman and philanthropist. He was the chairman of Aerion Corporation, an American aerospace firm in Reno, Nevada. [2] In 2018, he had a net worth of $5 billion. [3] Bass has served on the Texas Highway & Public Transportation Commission. [4]
Robert Muse Bass was born on 19 March 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.[ citation needed]
Bass attended The Governor's Academy, and graduated from Yale University, where he received a bachelor of arts degree. [5] He received a master in business administration from the Stanford Graduate School of Business. [5]
Bass's father founded Bass Brothers Enterprises in 1960 after inheriting $11 million from his great uncle Sid W. Richardson in 1959. [6]
In 1985, Robert Bass founded the Robert M. Bass Group as his personal investment company. [4] In 1990, it was renamed Keystone, Inc., after the Keystone Field in West Texas from which the Bass family derived their fortune. [7] He founded Oak Hill Capital Partners as a family office in 1986. [8]
In April 1987, Bass and other owners of TFBA Limited Partnership bought and took private Taft Broadcasting for $1.43 billion. [9]
In March 1988, Bass sold the Plaza Hotel to Donald Trump, thanks to their mutual friend Tom Barrack. [10] In April 1988, he led a buy-out of Bell & Howell. [11] In June 1988, Bass made an offer to purchase Macmillan Inc., the publishing and information company, but the company responded with a restructuring. [4]
Bass formerly served as chairman of the board at Aerion Supersonic, a developer of supersonic business jets. Bass was replaced by Tom Vice as chairman upon the announcement of a partnership between Boeing and Aerion on February 5, 2019. [12]
Bass has served as chairman of Stanford University's board of trustees, [5] Stanford Management Company, the National Trust for Historic Preservation, and Cook Children’s Medical Center . He is a trustee of Stanford University, [5] a director of Stanford Management Company, a trustee of the Brookings Institution, [13] 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. [14] In 2005, they donated $30 million to the Stanford Graduate School of Business. [15] In 2013, they donated $50 million to Duke University to support Bass Connections, an initiative to encourage cross-disciplinary collaboration and studies. [16] 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. [17] They also contributed to the creation of Bass Hall in Downtown Fort Worth (performing arts venue located in Fort Worth, Texas that routinely hosts musical and theatrical performances). [18]
Bass is married to Anne T. Bass. [5] They have four children. [2] One daughter, Margaret, was featured in a Wall Street Journal article as an example of a student whose wealth and family connections helped her receive admission to an elite university. [19] [20] They reside in the town of Westover Hills near Fort Worth, Texas, and also have homes in New York City and in Washington, D.C. [21] [22] [23] They also have a home in Seal Harbor on the southeast side of Mount Desert Island, Maine (south of Acadia National Park). [24]