Ross Perot Dies: billionaire and ex-presidential candidate, was 89

Renowned Texas billionaire and infamous third-party presidential candidate of the 1990s, H. Ross Perot, passed away this morning at the age of 89 following a valiant five-month battle with leukemia.

“In business and in life, Ross was a man of integrity and action,” James Fuller, a spokesman for the Perot family, said in a statement to the media. He “touched the lives of countless people through his unwavering support of the military and veterans and through his charitable endeavours. He was a true American patriot, a man of rare vision, principle, and deep compassion.”

Born in Texarkana, Texas in 1930, Henry Ross Perot achieved success both in the military and the tech industry. After graduating from the U.S. Naval Academy, Perot spent several years working for IBM before launching his own businesses, including Electronic Data Systems and Perot Systems. In 1979, he gained national recognition by financing a daring rescue mission of two employees who were being held captive in Iran. Perot’s legacy remains a testament to his entrepreneurial spirit and dedication to his employees.

In 1992, he ran for president independently, achieving the most successful third-party campaign in 80 years. His bid uncovered weaknesses in the US political system that would eventually lead to seismic electoral shifts. He tapped into the desire of American voters for an unconventional candidate who could challenge the traditional two-party government. His following was built on a platform of populism, limited government, and opposition to international trade and globalization.

With an announcement made on a popular US talk show, his non-traditional campaign blurred the lines between politics and entertainment, ultimately playing a role in the loss of incumbent Republican President George HW Bush.

In 1992, Ross Perot’s campaign, heavily funded by his own $63m investment, skyrocketed him to national fame. He even surpassed his mainstream competitors at one point in June before ultimately securing a strong third-place finish in the November election. However, his following campaign in 1996 proved less triumphant, lacking participation in the presidential debates and only garnering 8% of the vote.

Leave a Comment