About Robert Muse Bass
Son of Texas wildcatter Perry Bass (d. 2006). Struck out on own after Dad passed family oil business to brother Sid . Today his Oak Hill Capital private equity firm manages $23 billion. Early investments: St. Petersburg Times, Continental Broadcasting. Sold New York's Plaza Hotel to Donald Trump 1994. Led $700 million leveraged buyout of Duane Reade drugstore chain 2003. Bought 9 TV stations from New York Times Co. for $575 million. Owns stake in private jet maker Aerion; expanding freight outfit Cargo 360 with $1.4 billion order for 6 Boeing 777 planes. Dollars helping dollars: another Oak Hill company, Primus International, major Boeing parts supplier.
Robert Muse Bass is an American businessman and philanthropist. He is currently the chairman of Aerion Corporation, an American aerospace firm in Reno, Nevada. Bass is worth approximately $5.5 billion as of 2007, and $4 billion in 2010, on oil and other investments
Bass was born into a wealthy family with an uncle, Sid Richardson, worth $810 million. He and his three brothers Lee, Ed, and Sid Bass all attended Yale University. Working together with his brothers at first as Bass Brothers Enterprises and then working independently, Robert Bass made many successful investments through his own firm, the Robert M. Bass Group, later Keystone Inc. Most recently, in 2004 he started Aerion Corp to develop supersonic corporate jets, which is the beneficiary of lucrative Federal DARPA contracts.
The Bass family has done well (overall) with its investment strategy and has in fact lost money in order to make money. This is typified by the investments made by Richard Rainwater, with whom he attended Stanford Business School.
Mr. Bass' father, Perry Richardson Bass, died at the age of 91 in June 2006. The Fort Worth Star Telegram stated "Perry Richardson Bass, a Texas oilman who turned his riches into philanthropic gold for Fort Worth, the state and the nation...." according to the obituary published in the Star Telegram on 06/02/2006.
Robert M. Bass continues with the family's philanthropic tradition. The Bass family is noted for their developments in Tarrant County, Texas and their efforts to revitalize downtown Fort Worth. Bass and his wife Anne donated $13 million to fund the renovation of Yale's Cross Campus Library, in exchange for having it named the Bass Library.
Mr. Bass presently lives in Woodside, California.
See also: Bass Performance Hall http://en.wikipedia.org/wiki/Bass_Performance_Hall
As chairman of Aerion Corporation, Bass leads the investor group funding development of a supersonic business jet and heads the company’s board of directors.
Bass is president of Keystone, Inc. and the founder of the Oak Hill Capital Partners investment partnerships, with over $12 billion of investments across multiple asset classes. Since inception 21 years ago, the track record of private equity investments exceeds 50% annually.[dubious – discuss] Keystone and its affiliates have made significant investments in American Savings Bank, Align Technology, Bell & Howell Company, Cincinnati Bell, Prime Cable, Taft Broadcasting, Westin Hotels, and many other leading companies.
Bass is a native of Fort Worth, where his offices are based. He received his B.A. degree from Yale University and an MBA degree from Stanford Graduate School of Business. He is past Chairman of Stanford University, Stanford Management Company, the National Trust for Historic Preservation, and Cook Children’s Medical Center. Currently he is a Trustee of Stanford University, a Director of Stanford Management Company, and a Trustee of Rockefeller University, Groton School, Middlesex School, and the Amon Carter Museum.
In addition, he is heavily committed to and active in numerous civic, community and development activities for the benefit of his community and his state and has been recognized repeatedly for his efforts.