Former Presidential Candidate and Billionaire Ross Perot Dead at 89

Former Presidential Candidate and Billionaire Ross Perot Dead at 89

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Former presidential candidate and billionaire, Ross Perot, has died. He was 89.

ABC News confirmed the billionaire’s death via family spokesperson James Fuller. “With deep sadness, I am letting you know that Mr. Perot passed away early Tuesday at his home, surrounded by his family,” Fuller said in the statement.”Mr. Perot was a true patriot and a dedicated humanitarian. He will be missed greatly.”

The cause of death has not been revealed.

“Family, friends, and associates are encouraged to honor Mr. Perot’s memory by continuing to support his commitment to these organizations: Circle Ten Council of the Boy Scouts of America, Perot Museum of Nature and Science, North Texas Food Bank, Salvation Army DFW, Teach for America: Dallas/ Fort Worth, University of Texas Southwestern Medical Center and Visiting Nurses Association of Dallas,” Fuller added.

Henry Ross Perot, born in 1930, was a self made billionaire from Texarkana, Texas. He began his career as an IBM salesman and worked his way up. He founded his own company,  Electronic Data Systems (EDS), in 1962, where he solicited large companies to use his processing system. EDS took off in 1968, allowing Ross to purchase controlling interests in General Motors. In 1988, he founded Perot Systems Corporation, Inc., which was taken over by his son, Ross Perot Jr.

In 1992 Ross ran for President of the United States against President George H.W. Bush and Bill Clinton. The Texas native garnered 18% of the popular vote, losing to Bill Clinton. He then ran for president again in 1996, establishing the Reform Party.

He is survived by his wife Margot and his five children, Ross Jr., Nancy, Suzanne, Carolyn, and Katherine, and 16 grandchildren. At the time of his death, Ross Perot is estimated to be worth $4.1 billion, according to Forbes.

R.I.P.

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