It was . He made a ton of money--and says you can too", "Richard Rainwater, 71; investor had golden touch", "Midas Touch Was Billionaire's Gift to Bush", "Sink, Scott claim other trying to buy governor's office", "Golden Plate Awardees of the American Academy of Achievement", https://en.wikipedia.org/w/index.php?title=Richard_Rainwater&oldid=1127769406, University of Texas at Austin College of Natural Sciences alumni, Stanford Graduate School of Business alumni, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, 1984 - On behalf of the Bass family, Rainwater made $400 million when, 1984 - On behalf of the Bass family, Rainwater invested $478 million in, 1989 - Acquired 20% of the Staubach Company for $1 million, 1992 - Mid Ocean Limited, a provider of casualty, 1994 - Crescent Real Estate, 15 million square feet of office space in Houston, 1996 - Acquired control of Mesa Petroleum. WebPerforming Arts Fort Worth. The most common complaint, though, is that communication with Sundance Square management is lacking -- and often combative when it occurs. Tickets & Events Now On Sale Broadway at the Bass presented by PNC Bank BNSF Popular Entertainment The Cliburn Calendar of Events Group Tickets Gift Certificates Mobile Ticketing Ticket Guidelines Lottery Tickets Plan Your Visit The project took so long people in Fort Worth became embarrassed to ask how it was going. For Sale: 10820 Bass Creek Trl, Fort Worth, TX 76108 $347,900 5,500.00 Acres Lot 2,131 Sqft, 4 beds, 2 full and 1 half baths, Single-Family View more. When their girls were little, Anne found a shop on Madison Avenue that had the best Mary Janes, so everyone in Fort Worth would trace their childrens feet on a piece of paper and send off for their shoes there. to more than 60 red, white, and sparkling wines, priced from $18 to $140 per bottle and $8 to $25 by the glass. Did you know that 64 billionaires are living in Texas? That sort of nervousness occurs whenever one person controls an irrational amount of money. She had read extensively in horticulture, botany, and landscape architecture, assembling her own gardening library. The last communication she received from Sundance management told her they were considering repurposing her building, and it wasnt clear if shed be able to re-sign her leases. But even if she wouldnt talk about her marriage, I wanted to understand why it is a subject of gleeful discussion in Fort Worth and New York. Stories began circulating that the friendship was based on more than a love for ballet, but Martins flatly denies any romance. Tastemaker is an old-fashioned word, but I suppose that was what they were.. Anne Bass, Mary Porter, and their side deny the charges, saying they were only trying to meet the schools financial needs. I gave it to my older daughter to read, and when she finished it, she came and asked if there were really people like that in the world. She is worth about $9.1 billion and is married to sports and entertainment titan Stan Kroenke, whos worth an estimated $8.3 billion. It's just a fight that's not even necessary when you're so used to compromising and having conversations, Holliday said. As observers look back on the events, they are divided into two camps. West Texans Are Learning What It Means to Live in Bear Country, The Top 50 Texas BBQ Joints: 2021 Edition, The Campaign to Sabotage Texass Public Schools. Anastasia Loukaitou-Sideris, a distinguished professor of urban planning at UCLA, said working together will be a key. By the mid-seventies, income at Bass Brothers from oil alone fluctuated between $10 million and $15 million a month. The apartment they purchasedfor the then record price of $5.25 millionoverlooks Central Park, has fifteen-foot ceilings, the largest living room in Manhattan, and a master bedroom with a view of the park. He went into the oil business during the forties in Fort Worth, where he knew Sid Basss great-uncle Sid Richardson. Her Flowers To Go store around the corner on Houston Street has been around for 16 years, and is now surrounded by recently shuttered businesses. Quest for the best: Mercedes Bass and the Fort Worth Symphony reach for the stars By Marice Richter December 28, 2022 Fort Worth Symphony board chair Mercedes Bass has put together a world-class team to build the local orchestra into an internationally acclaimed institution. Bass is a member of the prominent Fort Worth family who, along with their uncle Sid Richardson, have been benefactors behind some of Fort Worth's most [8] In 1996, he was recognized as Kappa Sigma Man of the Year. The central plaza opened in 2013, and has hosted major events like ESPNs College Gameday and the annual Main Street Arts Festival. Everyone was trying to get into good schools, and we had some wonderful teachers. Forbes magazine estimated the family fortune last year to be over $9 billion, although it had been as high as $11 billion, several years ago. According to one of the departed museum directors, she made it clear that she wasnt running for public office. Always a private person, she dealt with the attention by simply ignoring it. Anne Bass married into a billion dollars. She has deep blue eyes, and when she smiles her face resembles the mask of comedy. From a young age, Rainwater was exposed to the world of business and finance, and learned the value of hard work and determination from his father. 15 among the countrys wealthiest families is the Butt family, with a net worth of $17.8 billion. Everyone was absolutely floored, says Porter, who now lives in Houston, where she works for the investment counseling firm of Fayez Sarofim. I sincerely believe that., Everyone is feeling that way, Holliday said. Fuzzys Taco Shop has a new Margarita Shrimp Taco, with flavors inspired by the taco brands signature FuzzyRita.The Margarita Shrimp Taco is prepared with fried or grilled shrimp, Tajin garlic sauce, cabbage, lime crema, and a margarita-tomatillo pico made with lime juice and agave on a flour tortilla, topped with feta & cilantro, available through April 9. [11], By the time he died, Rainwater had donated more than $380 million to organizations working for the benefit of higher education, at-risk children, and research associated with neurodegeneration. [6], From 1968 to 1970, Rainwater worked for Goldman Sachs. I brought you some things I thought you might use, she says, leading the way to a table that looks out over a meadowlike swath of lawn. Rainwater died on September 27, 2015. She stands there perfectly still, beautiful posture. Many of the remaining current tenants are small business owners whose livelihoods depend on the success of Sundance Square. Rounding out the Texas contingent on the Forbes list are members of Fort Worths Bass family. The best meant Balanchine, someone from the School of American Ballet and the New York City Ballet. Rich Bradley, the head of Washington, D.C.-based Urban Partnership and a man who has decades of experience leading downtown planning groups, said Sundance, the city of Fort Worth and Downtown Fort Worth, Inc. all need a shared vision and clear strategies to succeed. Mike Hall writes about criminals, musicians, the law, and barbecue. Her perfume shop closed during the early months of COVID, but she said the disease that shuttered businesses across the country is only a partial excuse for the issues now facing Sundance Square. WFAA reached out to the Bass family for several times for comment on this story, and did not hear back. The owners posted an announcement on their website, citing rising food costs, staffing shortages, and lack of business, but also said they are actively working to secure a new location. Together, they made a number of successful investments, including a stake in the Walt Disney Company. This is going to be wonderful in here, if I can just figure out how to make the creek stop flooding. She stands there a moment, imagining what it will be like, then we start back to the house. According to one of Kirsteins supporters in New York, Anne Bass came off looking like a hick. [6] Rainwater graduated from R. L. Paschal High School. How Florence ButtNot Her SonLaunched the H-E-B Empire. [10] Rainwater eventually transformed the Bass family fortune from $50 million into $5 billion, amassing $100 million for himself by the time he started investing his own capital in 1986. From 1970 to July 1986, Rainwater served as the chief investment advisor to the Bass family. 2 Baths. He left nearly all of his estate for charitable purposes, primarily through the Rainwater Charitable Foundation. [14], Rainwater was a fan of The Road Less Traveled, a spiritual book by M. Scott Peck. She says with a note of regret, Yes, they were the best., Annes grandfather R. D. Brown was a well-known builder in Indianapolis and a philanthropist. The new 3,000-square-foot space features a full-service dine-in experience with seating for 70, a full bar, daily food and drink specials, and online ordering. In 1997, after Rainwater's wife fired, Late 1990s - When oil was trading at $12/barrel, Rainwater invested $100 million in energy stocks and $200 million in oil futures. Ginger, she says, indicating a long row of tall plants bearing white blossoms. After one break-in at the house and a holdup in their garage, they built a security station in front of the house and hired armed guards, three of whom patrolled the grounds 24 hours a day. The restaurant posted a notice stating that staffing was a major issue. FORT WORTH, Texas Sundance Square has for years been the heart of entertainment in downtown Fort Worth -- both attracting and benefitting from tourism and providing fine restaurants and retail for the fast-growing city to enjoy. There are lots of us that are concerned. The sky has started to clear over Fort Worth. Urban planner Bradley suggested Sundance should focus on finding its identity. We look forward to working with them productively while we continue to promote Sundance retailers, restaurateurs, entertainment venues and the free downtown parking program that supports them, Taft also said. What do we all want to do together? They would have captured peoples attention if for no other reason than by the precision of their tastes, said Jane Brown, a friend who is now the executive director of the Fort Worth Ballet. My grandmother and my mother both loved dance. From the first, people watching them had the sense that the Basses were designing the perfect life for themselves. He eventually transformed the citys decaying center with a fifteen-block complex that included renovated turn-of-the-century storefronts, cobbled streets, a starkly modern hotel, and two glass skyscrapers by Paul Rudolph. When they arrived in Fort Worth, they had three studentsAnne and her two daughters. I always define a brand as a promise of an experience, he said. Said Bradley: "Its trying to get everybody together and say, Where do we need to go to? As we walk around, I keep wanting to ask whats next, but I know from Anne Basss friends that shes hoping her husband will come home and that like anyone in her position she can only wait with as much dignity and humor as she can muster. Together, they set their sights on a new goal$7 million to build dormitories and new administrative offices for the school. Given that Anne Bass is only one person and one vote on a board of trustees, it is difficult to lay the blame for the departures directly at her feet. His mother, Nancy Lee Baryshnikov would go on to become the creative director of American Ballet Theatre, and Martins would succeed George Balanchine, the co-founder and the creative genius behind both the New York City Ballet and the School of American Ballet. Rainwater spent over $20 million on research trying to fight the disease. Now the city is practically an obsession. Here's their reasoning why, Filming for 'Yellowstone' prequel creating excitement and jobs in Fort Worth, Sundance Square tenants say lack of support from new management is hindering COVID recovery. We will not share or sell your email address. Others mentioned that tenants pay a marketing fee to the district, but said Sundances social media accounts dont promote its businesses enough. We stopped having tenant meetings.. Houstons Duncan family, with a net worth of $22 billion, appears at No. Theres this. She opens a folder and hands me a neatly typed rsum. We would set up meetings for her with prospective donors, prepare a dossier on the sort of things they cared about and what they would probably ask. Yes, that way there are no mistakes, she answers and smiles primly. Two of the Browns children ended up raising their families in Fort Worth, and as a child, Anne would take a train with her family to visit her Texas cousins, aunts, and uncles. This They begin on March 7. Ted Sanford, the headmaster at Country Day, says that she is good at solving problems and has an eye for detail, and he points to the schools grounds, which she had landscaped. "Friends return Richard Rainwater's investment in them as billionaire battles degenerative neurological condition", "Richard Rainwater, 71; Texas dealmaker, Bass family ally", "Richard E. Rainwater Leaves $5 Million for the Study, Creation and Performance of American Music at UT Austin", "Brother Richard Rainwater Joins Chapter Celestial", "Richard Rainwater: remembering a billionaire dealmaker", "Sittin' Pretty Texas investor Richard Rainwater believed in oil when everyone else was infatuated with technology. Socially, Fort Worth is a small, closed town, a community of two hundred or so rich families who are most comfortable in their own company. WebRainwater eventually transformed the Bass family fortune from $50 million into $5 billion, amassing $100 million for himself by the time he started investing his own capital in 1986. El Pollo Loco has added a new option to its Double Tostada Salad lineup: Double Shredded Beef Tostada Salad, featuring a crisp tostada shell filled with a double portion of shredded beef, Hass avocado, shredded lettuce, pinto beans, Mexican rice, sour cream, Monterey Jack, and pico de gallo, with creamy cilantro dressing. Baryshnikov and Martins were easily the most famous male dancers of their generation. What is the name of the book about that horrible Undine Sprague? she asks, shuddering at the thought. Talk about your motivation, your background . [1], His investing style was described as "analytically rigorous but opportunistic and Texas-sized in its audacity. I also think of Sid as a good friend, and like all of Annes friends, I hope hell come back. But it was Balanchine who was the artist. Its bright blue with some scudding gray; a slight chill is in the air. Olivella's Pizza & Wine, the Roman and Neapolitan-style pizza kitchen, has completed a 1,200-square-foot expansion of its existing space located on the bricks at 4910 Camp Bowie in Fort Worth. Money, however, was not a problem. So, what is it you want to ask?, Born: October 19, 1941, Indianapolis, Indiana, Married: Sid Richardson Bass, of Fort Worth, Texas, June 26, 1965, Graduated: Tudor Hall School, Indianapolis, 1959B.A. Ive asked to see the gardens, and Anne Bass is leading me along a gray slate path that isnt quite wide enough for two. In June 1983 they bought an apartment on Fifth Avenue. The quesadillas have Monterey Jack cheese, protein of choice, and veggies, and will be available starting March 2. The school was going to celebrate its fiftieth anniversary in 1984, and Porter wanted to mount a $15 million fund drive to establish a permanent endowment. 18. In early March, Sundance launched a new program searching for the Next Big Idea in which it asked local small businesses to apply for the chance to receive accommodating lease terms, marketing and money to help build out their space. "I pray that theres more collaboration," Holliday said. introduced new vegan menu items at its in-house eateries. If she was sure that she was right, she didnt particularly care what people thought about her or how they felt. She wrote letters, she helped with the planning, and she called people. Pizza, wine, salad, and tiramisu: The complete Olivella's package. Where is the integrity in this organization?. Fort Worth For the first time since 1983, Sundance Square will be managed by a company outside the Bass family. Its a stage of development. With the exception of three or four people, no one in Fort Worth would talk to meon or off the record until Anne Bass had cleared it. Robert is the wealthiest of the foursome. Financially, they brought a direct connection to the Sid Richardson Foundation. [7], In addition to his investments in the oil and gas industry, Rainwater was also involved in real estate. [14] He also invested in the Pebble Beach Golf Links along with Clint Eastwood. Billionaire Ed Bass quietly married his longtime girlfriend Sasha Camacho twice last month, once in Fort Worth and a second time in Mexico just days before Perhaps we should proceed more generally, I say after reading how she had taken ballet lessons as a girl. Since the start of 2020, at least 25 tenants have left Sundance Square, including large anchors like H&M. In accepting the award, he began to cry, showing the effect of his disease on his emotions. Perry went to the Hill School in Pennsylvania, then to Yale. It's heartbreaking, she said, and I'm from Fort Worth. [16] Bush was criticized for favoring policies that benefited Rainwater's investments. So many lives have been negatively impacted.. A strong and vibrant downtown requires cooperation from all stakeholders, and its my goal to ensure the city remains an active participant in that process -- so that all of downtown, from Sundance to the T&P, are bright and vibrant.. The Basses hold down the No. They moved hillsides, created meadows, sculpted views, built lily ponds and greenhouses, and planted rose gardens. 3 Beds. The implication that Anne and her daughters were getting second-best was enough to set Anne off. American Airlines Center has Moreover, unlike many of them, she at that time had a husband who did not send her off alone or in the company of a walker. None of us expected the results we got. This isnt really the time to look at the garden, she says as we pass the roses, but you might as well see the orchid house. When we step inside, we are enveloped by warm, moist air and a rich fragrance. A Right-wing Cabal Took Over Odessas Municipal Government. 1,780 Sq. The Basses hold down the No. Originally a cow town, Fort Worth became headquarters for big ranching families in West Texasthe Fortsons, Carters, Walshes and Moncriefswho in turn became big oil families. She is disciplined like a dancer.. It amuses us that people are talking.. Fort Worth, Texas. Rainwater then sought a more methodical investment strategy by studying investors including Warren Buffett, Benjamin Graham, and David Dodd. WebBass Performance Hall is the premier arts venue of Fort Worth. This place is a feather in Ft Worth's cap. We curate and disseminate outstanding articles from diverse domains and disciplines to create fusion and synergy. Ann Walton Kroenke, one of the two daughters of Bud Walton, lives on a 535,000-acre ranch about 50 miles northwest of Wichita Falls. Season tickets can be renewed through March 24 online at www.basshall.com and by phone at 817-212-4450. But whenever I talk to her, I come away with the feeling Im not good enough.. Great Harvest Bread Co. in Fort Worth closed on February 25, after six years. I told her yes, that she might as well know now that there are people like that. UCLA professor Loukaitou-Sideris said an increase in galleries targets a smaller, wealthier audience. No cause was given. Sid Bass, oil and investments, $2.9 billion. Jos R. Ralat is Texas Monthlys taco editor, writing about tacos and Mexican food. Ask john s about Bass Performance Hall. But some, including an art gallery, are appointment-only operations, which tenants say doesnt help the goal of increasing foot traffic. Behind BMX: How the sport is blowing up in the Dallas-Fort Worth area, Severe storms likely in DFW Thursday: Timeline, risks and everything you need to know, Thursday's possible severe storms remind Dallas church heavily damaged during 2019 tornadoes how fast weather can turn, A Fort Worth restaurant staple is leaving Sundance Square. Unless youre old and weak, we stand sometimes for two hours. Sundances Twitter account has tweeted once since April of 2020, and its Facebook page has not mentioned one of its businesses since December. Recently, though, its struggled to fill space, fought publicly with a downtown advocacy group and left current tenants frustrated by a lack of communication and vision. I count her as a dancer. You dont have to be in Fort Worth long before you get the impression that everyone in town knows that the house has five bedrooms and six baths; that theres a butler, a cook, and two maids; that Anne drives a Silver Cloud; and that two new jets have been ordered, each with a bedroom and a dining room. This week, another major anchor and Fort Worth staple -- Reata Restaurant, which has been in Sundance Square for nearly 20 years -- announced its plans to leave. One of Fort Worths premier not-for-profit arts organizations, Performing Arts Fort Worth is dedicated to bringing world-class entertainment to Bass You really need to think of how to attract people to create this buzz, she said. To get a sense of this past, all you need to do is drive through old Westover, which is far and away the citys most exclusive neighborhood. Date of experience: February 2016. Notifications can be turned off anytime in the browser settings. She returned to New York, and a week later Kirstein fired her as the director of development. The story behind Sid & Mercedes Bass affair, marriage and s Then, an expression moving across his face that would suggest gastric discomfort, he said, I dont know. Lincoln Kirsteins supporters say that Mary Porter and Anne Bass were making a power play, that they were trying to take over the school and planned to kick the 78-year-old co-founder out on the street. It's sad for this community, former tenant Daniel said. His father started off as the owner of a wholesale grocery business and his mother was a clerk at J.C. Penney. Leave them blank to get signed up. The Basses, particularly Anne, befriended Martins and Watts. I study how the top 1% live, work & lead, and turn their winning habits into easy-to-use routines you can use for life and business. He was known for his ability to identify undervalued assets and create value through careful investment and strategic planning. Fort Worth billionaire reigns as queen of Americas richest dynasty, Forbes says, Iconic restaurant says goodbye and more Fort Worth restaurant news. WebNearby homes similar to 10805 Bass Creek Trl have recently sold between $260K to $260K at an average of $145 per square foot. For decades, Sundance was a model for urban renewal. She didnt speak to people she regarded as potential hangers-on, and worse, there were some people she saw regularly whose existence she refused to acknowledge because they didnt measure up to her standards. To prepare herself, she had already visited many of the great gardens of Europe. In the Russian Orthodox Church we stand up. Yet, if you ask anyone a direct question about the Basses, most people get nervous. Jenis Splendid Ice Creams has a new limited-edition flavor to promote the March 15 return of the TV series Ted Lasso, in which the title character has a daily ritual of biscuits with the boss. [3] Between 2009 and his death in 2015, he suffered from progressive supranuclear palsy, a rare disease involving neurodegeneration. They might go in a small group, but alone they didnt know where to eat, what to do, or anyone to see. North Texas has more neighborhoods that focus on family, better museums, larger parks, bigger restaurants, and plenty of malls. Notable investments by Rainwater included: Rainwater's first marriage, to his high school sweetheart, Karen, ended in divorce in October 1991, after 25 years. It has also been assumed that she was somehow responsible for the rapid administrative turnover at the Fort Worth Art Museum, where three directors and an interim director came and went within ten years. The richest among them are billionaires Ray Lee Hunt and W. Herbert Hunt, both of Dallas. Sid began applying his creative energy to a larger canvasdowntown Fort Worth. The thing she chose was philanthropy. When Peter Martins describes her, he talks, as do most dancers, about the way she carries herself or, as he puts it, the way she moves herself around., When I was a little boy in Denmark, he says, the king and queen would come to the Royal Theaterto their theaterto make a visit. Mimi Swartz is a staff writer based in Houston. Then she would take them out to lunch and try to get them to contribute to the school. Mary just got in the way., In the New York social world most people didnt understand what had happened. Anne, in the meantime, had not abandoned Fort Worth for the bigger stage of New York. Charles Butt is chairman and CEO of the H-E-B grocery chain, based in San Antonio and parent company of Dallas-based Central Market. Daniel talks about Sundance in the past tense. All declined on-the-record interviews, citing concerns of retaliation from management. To appreciate the impact that Anne and Sid eventually had on Fort Worth, you have to understand a little about the city. According to one longtime resident, people from Fort Worth as recently as fifteen years ago didnt go to New York alone. $260,000 Last Sold Price. Anne, however, had told them they could make what they wanted of the school and suggested that there would be other possibilities. The league asked her to be community arts and education chairwoman, and in 1969 she and her husband were invited to join the board of the Fort Worth Art Museum. He It just stopped communicating. Kirstein and his supporters . Fort Worth. When they came, when they walked through the theater, thats what it was like when Sid and Anne would come here., Anne might have infuriated the secretaries who had to type letters over and over until they were right, but Balanchinethe genius in residence, the Picasso of balletcalled her the golden girl from Texas. The night before he died in 1983 she went to the hospital and sat on the edge of his bed. Downtown is too large of an opportunity to miss for a city of this size.. Growing up in Indianapolis, did you ever suspect your life would be so extraordinary? I ask. We knew they were young and rich, but we couldnt believe it when we got to their house. Councilwoman Elizabeth Beck, whose district includes Sundance Square, also said that COVID-19 impacted Sundance and pointed to growth in other areas of downtown -- like the planned convention center renovation and Texas A&M expansion -- as wins for the city. Porter was fired, and Kirstein was vindicated. To put it more bluntly, they take money and launder people. Sid Bass is an investor and philanthropist who He loved motorsports and sponsored cars in competitions. At the same time, Sundance Squares top sellers sold an average of 4 percent less. "There's a lot of anger and disappointment with the way things are going. Anne had the right to speak up when Mary was fired, Martins says. Other parts of Fort Worth have bounced back stronger from COVID than Sundance. I did it every six weeks. Following the 1973 Saudi embargo, oil began its steady climb and Sid Bass began assembling his investment team. Brisk, businesslike, Anne Bass enters wearing a tight black leather skirt, spike-heeled blue shoes and a blue angora sweater with large shoulder pads. Anne said no at first, but Porter kept talking to her about it; three months later, Anne agreed. [7] In 1963, he was initiated as a member of the Tau chapter of the Kappa Sigma fraternity at the University of Texas at Austin and in 1966, he graduated with a degree in mathematics. 2 Thank john s . You can read what it says.. Randa enjoys the highest profile among the four Duncan siblings. During his lifetime, Rainwater donated over $380 million to charitable causes and left nearly all of his estate to his charitable foundation. The first public notice appeared May 6 in the New York Times under the headline DISPUTE SPLITS BALLET SCHOOL BOARD. Forty years ago, the Bass family created the 35 blocks of Sundance Square, constructing new buildings alongside renovated historic ones. W raved that the Bass legions had arrived. Beginning at the obvious place, I ask how she had become interested in ballet. As he talks, it occurs to me that the average person is so fatigued in museums because he has to figure out how what he is seeing relates to himself, whereas what rich people are doing is really a form of shopping. It was incredible, Martins says, recalling the evening in Fort Worth. It was and still is the sort of town where social life takes place at the country clubs, where people reach for the social directory when they want a telephone number. Amon Carter, Sid Richardson, and Kay Kimbell had made collecting a sensible avocation as well as a source of community pride. [15][14] Rainwater owned a mansion in Montecito, California. In addition to financial affairs, he was on the board of trustees at both the Museum of Modern Art and Yale. 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