Edward Bass
Overview
- Source of Wealth
- Oil, investments
- Industry
- Energy
- Residence
- Fort Worth, Texas
- Education
- Yale University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 1
Biography
In 1959 Edward Bass and his three brothers inherited $2.8 million each from oil tycoon uncle Sid Richardson.
The brothers parlayed their inheritance into multi-billion dollar fortunes with the help of bets on oil and pipelines that paid off big.
In early 2017, Bass and his three brothers sold their oil company to ExxonMobil for $5.6 billion in stock. Future payouts could total $1 billion.
In 2018, Bass pledged $160 million to refurbish the Peabody Museum at Yale University.
Bass owns Sundance Square, a 37-block area of downtown Fort Worth dedicated to historical preservation and community building.
About
In 1991, Bass spent $150 million backing the Biosphere 2 project in Arizona, an experimental enclosed system designed to prove that humans could live in space.
Bass spearheaded development of Fort Worth's Dickies Arena, built with $540 million in public and private funds.