Robert Muse Bass was born in 1948, in Fort Worth, Texas USA, and is an entrepreneur and investor, probably best known as the owner and chairman of Aerion Corporation, an aerospace company based in Reno, Nevada which is eager to build supersonic jets. According to Forbes Magazine, Bass is one of the richest Americans, and appears on The World’s Billionaires list. He is also known for his philanthropic efforts. Bass has been active in the business since 1960.
How much is the net worth of Robert Bass? It has been estimated by authoritative sources that the overall size of his wealth is as much as $2.7 billion, as of the data presented in the middle of 2017. Oil and investments are the main sources of Bass’s fortune.
Robert Bass Net Worth $2.7 Billion
To begin with, the boy was raised in Fort Worth with three brothers by parents Perry and Nancy Lee Bass, investors and philanthropists. Bass studied Economics at Yale University, from where he earned a Bachelor’s degree, and then received a Master’s degree from the Stanford Graduate School of Business where he majored in business administration.
Concerning his professional career, the Robert M. Bass Group is a venture capital company was founded in 1985. A year later, he launched the private equity firm Oak Hill Capital Partners. Under the Oak Hill Capital brand, different Oak Hill Capital Partners companies are grouped and each has an independent management team. These Oak Hill Capital companies managed funds of approximately $18 billion of investment capital, providing multiple forms such as venture capital funds or special situations, such as buying bank debt, junk mortgages, real estate and capital public exchange funds. Bass failed to buy Bell & Howell in 1988, having made an offer to Acquire Macmillan Inc., a leading publisher and information company, but the company rejected the offer and launched a restructuring. In 1994, Robert Bass sold the New York Plaza Hotel to Donald Trump. In 2004, he became the owner of The Aerion Corporation, and also serves as chairman of the company. It is currently working on a concept for a supersonic aircraft, Aerion AS2 – the market is estimated by the Aerion Corporation at 300 jets.
Overall, all the above mentioned engagements have added sums to the total size of Robert Bass’ net worth.
Finally, in the personal life of Robert Bass, he is married to Anne T. Bass, and the family has four children, residing in Woodside, California. Talking about the philanthropic efforts, Bass has served as the president of Stanford University and other social institutions. He has collaborated among others with Rockefeller University, Middlesex Schools and the Amon Carter Museum. Bass is a major donor for Yale University among other American universities.
