Robert Bass Net Worth is$2.8 Billion
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Profession: Businessperson | Investor
Country: Fort Worth
Robert Bass Net Worth: Robert Bass is an American businessman and philanthropist who has a net worth of $2.8 billion. Apart from chairing Aerion Corporation, an American aerospace firm in Reno, Nevada, Robert Bass is actively involved in numerous philanthropic activities. Born Robert Muse Bass in 1947 to a wealthy family, he earned his Bachelor's degree from Yale University and Master of Business Administration from Stanford University. Bass began his career at Bass Brothers Enterprises and shortly after he continued to work independently making manifold lucrative investments through his own company, the Robert M. Bass Group, later Keystone Inc. The investment strategy (losing money in order to make money) that's been employed both by him and his family turned out to be successful and they ended up making lots of money. It was under his initiative that Aerion Corporation started developing supersonic corporate jets in 1994. Also, in the early 1990s, he set up investment company Oak Hill, which has since evolved into four separate operations with total assets under management more than $35 billion. Most recently, in 2012, he annexed a massive pad in Manhattan's 834 Fifth Avenue for a reported $42 million. As for his philanthropic work, Bass and his wife has made numerous contributions, the latest being a $50 million donation to Duke University to support Bass Connections, an initiative to incite cross disciplinary collaboration and studies.
Robert Muse Bass is an American businessman and philanthropist. He is the chairman of Aerion Corporation, an American aerospace firm in Reno, Nevada. Bass was worth approximately $5.5 billion in 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.
Mr. Bass lives in Woodside, California.
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 inve

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Robert Bass Latest News

Fort Worth billionaire Robert Bass' supersonic jet ambitions are a step closer to reality

General Electric Co. has completed its initial design for the first commercial supersonic aircraft engine in five decades, a major hurdle for developing private planes and, perhaps eventually, ...
Posted: October 15, 2018, 8:42 am

Boeing joins Fort Worth's Robert Bass in push to build supersonic business jet

Boeing Co. is joining with Aerion Corp., a startup founded by Fort Worth billionaire Robert Bass, to help build a supersonic business jet that would cut trans-Atlantic flight times by three hours. The ...
Posted: February 5, 2019, 10:16 am

Group Led by Robert Bass Offers $602 Million for Bell & Howell

Bell & Howell Co. said Wednesday that it received a $602-million leveraged buyout offer from a group led by Robert M. Bass that includes the company's president, an event that could prod two other ...
Posted: April 9, 2019, 4:26 am
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