Richard Rainwater is President of Rainwater Inc. and Chairman of the Board of Crescent Real Estate Equities Inc, and has been an independent investor since 1986. From 1970 to mid-1986, he served as the chief investment advisor to the Bass family, whose overall wealth increased dramatically during his tenure. During that time, Rainwater was principally responsible for numerous major corporate and real estate acquisitions and dispositions. Upon beginning his independent investment activities, he founded ENSCO International Inc., an oil field service and offshore drilling company, in December 1986. Additionally, in mid-1988, he co-founded Columbia Hospital Corp., and in early 1989, he participated in a management-led buyout of HCA-Hospital Corporation of America. In late 1992, Rainwater co-founded Mid Ocean Limited, a provider of casualty reinsurance.