Billionaire and Ex-Presidential Candidate Ross Perot Dies at 89

July 09, 2019 - 10:34 am

(1080 KRLD) - Texas businessman H. Ross Perot has died at the age of 89, a family spokesman has confirmed.

Perot was an American business magnate, billionaire, philanthropist, and former politician.

Born in Texarkana, Texas, he became a salesman for IBM after serving in the United States Navy. In 1962, he founded Electronic Data Systems, a data processing service company.

Perot established Perot Systems in 1988 and was an angel investor for NeXT, a computer company founded by Steve Jobs after he left Apple.

During President George H. W. Bush's tenure, Perot became increasingly active in politics and strongly opposed the Gulf War and ratification of the North American Free Trade Agreement (NAFTA).

In 1992, Perot announced his intention to run for president and advocated a balanced budget, an end to the outsourcing of jobs, and the enactment of electronic direct democracy. A June 1992 Gallup poll showed Perot leading a three-way race against President Bush and presumptive Democratic nominee Bill Clinton. Perot briefly withdrew from the race in July, but re-entered the race in early October after he qualified for all 50 state ballots.

In the election, Perot won 18.9% of the popular vote but did not win any electoral votes. Republicans blamed him for Bush's defeat.

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