Ross Perot, Billionaire And Former Presidential Candidate, Dies

July 09, 2019 - 10:23 am

DALLAS (WCBS 880/AP) -- Self-made Texas billionaire and two-time presidential candidate H. Ross Perot has died at age 89 following a five-month battle with leukemia.

Perot rose from Depression-era poverty to become one of the nation's richest men as the founder of computer services giant Electronic Data Systems Corp.

He had founded EDS in 1962 and sold control of it to General Motors for $2.5 billion in 1984. He later founded another company, Perot Systems.
In 1992, Perot jumped into the presidential campaign as an independent candidate, challenging President George H.W. Bush and Democrat Bill Clinton. He drew nearly 19% of the vote, the biggest percentage for a third-party hopeful in 80 years. Republicans blamed him for Bush's defeat.

He ran again in 1996 under the Reform Party banner.

(© 2019 WCBS 880. The Associated Press contributed to this report)