219. Sid Bass

Forbes - - PROMOTION -

$3.4 billion  self-made score: $ source: oil, in­vest­ments age: 75 res­i­dence: fort Worth, tex. m.b.a., stan­ford ’68 In late 2016, Bass ne­go­ti­ated with Exxon­mo­bil’s then-ceo, Rex Tiller­son, to sell his fam­ily’s oil­fields in New Mex­ico for $5.6 billion in stock (with up to $1 billion more in con­tin­gent cash pay­ments). Other bene­fac­tors from the sale, which was an­nounced in Jan­uary, in­clude his 3 broth­ers, Robert (No. 122), Lee (No. 315) and Ed­ward (No. 324). Sid has been an as­tute in­vestor since the late 1960s; he part­nered for many years with star in­vestor (and former Forbes 400 mem­ber) Richard Rain­wa­ter (d. 2015). The fam­ily for­tune stems from suc­cess­ful bets on Texas oil in the 1930s by the sib­lings’ grea­tun­cle Sid Richard­son.

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