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Colorful self-made billionaire H. Ross Perot dies at 89


Added 07-09-19 04:04:02pm EST - “H. Ross Perot, the colorful, self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice mounted outsider campaigns for president, has died. Perot, whose 19% of the vote in 1992 stands among the best…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Colorful self-made billionaire H. Ross Perot dies at 89”. Below is an excerpt from the article.

DALLAS (AP) — H. Ross Perot, the colorful, self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice mounted outsider campaigns for president, has died. He was 89.

Perot, whose 19% of the vote in 1992 stands among the best showings by an independent candidate in the past century, died early Tuesday at his home in Dallas surrounded by his family, said the spokesman, James Fuller.

As a boy in Texarkana, Texas, Perot delivered newspapers from the back of a pony. He earned his billions in a more modern fashion, however. After attending the U.S. Naval Academy and becoming a salesman for IBM, he went his own way — creating and building Electronic Data Systems Corp., which helped other companies manage their computer networks.

The most famous event in his business career didn't involve sales and earnings, however. In 1979, he financed a private commando raid to free two EDS employees who were being held in a prison in Iran. The tale was turned into a book and a movie.

"I always thought of him as stepping out of a Norman Rockwell painting and living the American dream," said Tom Luce, who was a young lawyer when Perot hired him to handle his business and personal legal work. "A newspaper boy, a midshipman, shaking Dwight Eisenhower's hand at his graduation, and he really built the computer-services industry at EDS."

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