Robert Muse Bass (born 1948) is an American businessman and philanthropist. He is the chairman of Aerion Corporation, an American aerospace firm in Reno, Nevada which seeks to build the first supersonic business jets. Bass was worth approximately $4 billion in 2010 on oil and other investments Bass has served on the Texas Highway & Public Transportation Commission.
Early life
Robert Muse Bass was born in 1948 in Fort Worth, Texas. His father, Perry Richardson Bass, was an heir and investor. 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
Bass graduated from Yale University, where he received a bachelor of arts degree. He received a master in business administration from the Stanford Graduate School of Business.
Career
Bass’s father founded Bass Brothers Enterprises in 1960 after inheriting $11 million from their great uncle Sid W. Richardson in 1959. In 1985, he founded the Robert M. Bass Group as his person investment company. Additionally, Bass serves as the chairman of Aerion Corporation and president of Keystone, Inc. He founded Oak Hill Capital Partners in 1986.
Taft Broadcasting was purchased by TFBA Limited Patnership, which included Robert M. Bass, in April 1987 for $1.43 billion taking the company private. Bass in March 1988 sold the Plaza Hotel to Donald Trump thanks to their mutual friend Thomas J. Barrack Jr.. He led a buy out Bell & Howell in April 1988. In June 1988, Bass made an offer to purchase Macmillan Inc., the publishing and information company, but the company responded with a restructuring.
Aside from being actively involved in many philanthropic activities, Robert Bass currently serves as the Chairman of Aerion Corporation, an aerospace firm based in Reno, Nevada. In 2012, Robert Bass is worth $3.6 billion mainly because of his oil and other investments.
Bass was born to a wealthy family with an Uncle who was then worth $810 million. He started his career at Bass Brothers Enterprises and later on he decided to put up his own firm Robert M. Bass Group, which was later known as Keystone Inc..In 1994, he initiated the development of supersonic corporate jets under Aerion Corporation. Through the years, Robert Bass has continued with his family’s tradition together with his wife Anne.
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