Robert Bass

Robert Muse Bass
Robert Muse Bass
Born	March 19, 1948 (age 78); Fort Worth, Texas, US
Education	Yale University (BA) ; Stanford University (MBA)
Occupation(s)	Business executive, philanthropist
Spouse	Anne Thaxton Bass (m. 1970)
Children	4
Parent(s)	Perry Richardson Bass; Nancy Lee Bass
Relatives	Ed Bass (brother); Lee Bass (brother); Sid Bass (brother); Hyatt Bass (niece); Sid W. Richardson (great-uncle);

Robert Muse Bass (born March 19, 1948) is a prominent American billionaire known for his business ventures and philanthropic efforts. He held the position of chairman at Aerion Corporation, an aerospace company based in Reno, Nevada. As of 2018, his estimated net worth was $5 billion. Additionally, Bass has contributed to public service through his role on the Texas Highway & Public Transportation Commission.

Early life

Born in Fort Worth, Texas on March 19, 1948, Robert Muse Bass is the son of investor and philanthropist Perry Richardson Bass and philanthropist Nancy Lee Bass. He has three siblings: Lee Marshall Bass, Ed Bass, and Sid Bass. His family connections include his uncle, Sid Richardson.Template:Fix/category^{[citation needed]}

Bass completed his secondary education at The Governor's Academy. He earned a Bachelor of Arts degree from Yale University and went on to obtain a Master of Business Administration from the Stanford Graduate School of Business.

Career

In 1960, Bass's father established Bass Brothers Enterprises, following the receipt of an $11 million inheritance from his great uncle Sid W. Richardson in 1959.

Robert Bass launched the Robert M. Bass Group in 1985 as his personal investment vehicle. Five years later, in 1990, the firm was rebranded as Keystone, Inc., named after the Keystone Field in West Texas, which was the source of the family's wealth. Additionally, in 1986, he created Oak Hill Capital Partners as a family office to manage investments.

In April 1987, Bass, along with other partners of TFBA Limited Partnership, acquired Taft Broadcasting and took it private for $1.43 billion.

By March 1988, Bass sold the Plaza Hotel to Donald Trump, facilitated through their mutual acquaintance Tom Barrack. The following month, he spearheaded a buyout of Bell & Howell. In June 1988, Bass proposed acquiring Macmillan Inc., a company specializing in publishing and information services; however, Macmillan responded by undergoing a corporate restructuring.

Bass previously held the position of chairman at Aerion Supersonic, a company focused on developing supersonic business jets. Upon the announcement of a strategic partnership between Boeing and Aerion on February 5, 2019, Tom Vice succeeded Bass as chairman. Reports indicate that Boeing invested several hundred million dollars to acquire roughly a 40 percent stake in Aerion.

Philanthropy

Bass has held the position of chairman for the board of trustees at Stanford University, as well as for the Stanford Management Company, the National Trust for Historic Preservation, and Cook Children’s Medical Center. He continues to serve as a trustee of Stanford University and holds a directorship at Stanford Management Company. Additionally, he is a trustee at the Brookings Institution, Rockefeller University, Groton School, Middlesex School, and the Amon Carter Museum.

Together with his wife Anne, Bass contributed $13 million toward the refurbishment of Yale's Cross Campus Library, which was subsequently renamed the Bass Library. In 2005, they made a $30 million donation to the Stanford Graduate School of Business. Their philanthropic efforts extended to Duke University in 2013 with a $50 million gift supporting Bass Connections, a program designed to foster interdisciplinary collaboration and research. Earlier, in 2001, the couple gave $10 million to Duke aimed at enhancing undergraduate education, and in 1996, they provided another $10 million to establish the Bass Society of Fellows at Duke. Furthermore, they played a significant role in funding Bass Hall, a prominent performing arts venue in Downtown Fort Worth known for its musical and theatrical presentations.

Personal life

Bass is married to Anne T. Bass, and together they have four children. One of their daughters, Margaret, was highlighted in a Wall Street Journal article as an example of how family wealth and connections can influence admission decisions at prestigious universities. The family resides primarily in Westover Hills near Fort Worth, Texas, with additional residences located in New York City and Washington, D.C.. They also own a home in Seal Harbor, situated on the southeastern side of Mount Desert Island, Maine, just south of Acadia National Park.

References

External links

Lua error in Module:Authority_control at line 159: attempt to index field 'wikibase' (a nil value).