Texas billionaire H. Ross Perot has died at age 89. Perot is probably most famous for unsuccessfully running for President in 1992 and 1996, siphoning off enough votes to ensure Bill Clinton’s election over George H. W Bush, and then his reelection over Bob Dole. Perot won 19 million votes (though no electors) in 1992. His run would briefly give birth to the Reform Party, which quickly declined to both ideological incoherence (nominating Pat Buchanan in 2000 and Ralph Nader in 2004) and complete irrelevance in less than a decade. Of the issues Perot championed, doubts about foreign trade agreements would play an important role in Donald Trump’s election in 2016, but concern over budget deficits is a sadly neglected issue.
As a private businessman, Perot was much more successful, twice establishing powerhouse IT service companies (Electronic Data Systems and Perot Systems) before selling each off to larger companies (General Motors and Dell, respectively). Perot was also an early investor in Steve Jobs NeXT, which would later be acquired by Apple Computer, resulting in Jobs eventual return as Apple CEO and whose NeXTStep operating system would form the basis of MacOS X. Perot also famously organized the rescue of two imprisoned EDS employees during the Iranian revolution in 1979. Perot and his son, Ross Perot, Jr., have also long been big (and frequently controversial) players in Metroplex real estate and development, through a variety of companies (The Perot Group, Perot Investments, etc.).
For decades Perot Sr. was the public’s idea of “ornery Texas billionaire.” Ironically, he’s probably best known today not as a successful businessman, but as a failed politician whose most enduring legacy is the persistence of the Clintons as national political figures.