Ross Perot Net Worth at Death – Salary, Income, Earnings

Ross Perot Net Worth 

Ross Perot had an estimated net worth of $4 billion at death. American businessman Ross Perot ran for the U.S. presidency as an independent candidate twice, in 1992 and 1996. He was one of the most successful third-party candidates in American history. He earned most of his income from his business and investments.

Ross Perot is best known as one of America’s most successful third-party presidential candidates. Perot worked for IBM from 1957 to 1962. He then established his own company, Electronic Data Systems, which he sold to General Motors for $2.5 billion in 1984.

Perot ran as an independent candidate for the presidency of the United States in 1992, winning nearly 19 percent of the popular vote. He founded the Reform Party in 1995 and ran for president again in 1996, though his candidacy received less support than the previous time. Perot also wrote several books, including Ross Perot: My Life & Success Principles and United We Stand.

To calculate the net worth of Ross Perot, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Ross Perot
Net Worth: $4 Billion
Monthly Salary: $10 Million
Annual Income: $200 Million
Source of Wealth: Entrepreneur

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Early Life

Ross Perot, born on June 27, 1930, in Texarkana, Texas, rose to prominence as a leading businessman and, later, a political force to be reckoned with. He inherited some of his charm and business acumen from his father, Gabriel Ross Perot, who ran a cotton wholesale business among other things. Perot was the couple’s third child; his older brother, Gabriel Ross Perot Jr., died when he was a toddler. He had an older sister named Bette as well.

In his early teens, he changed his name from Henry Ray Perot to Henry Ross Perot. Perot was close to his father, and their visits to cattle auctions served as sales training. According to Ken Gross’ Ross Perot: The Man Behind the Myth, he began by buying and selling saddles and other equipment, and then moved on to selling animals themselves. Perot once described himself as a “day trader.” “You’d buy it in the morning, sell it in the afternoon, and if you were lucky, you’d make a few dollars profit.” Perot was also a newspaper delivery boy.

Perot enrolled in the United States Naval Academy in Annapolis, Maryland, in 1949. He thrived there, becoming class president in both his junior and senior years. Perot met his wife, Margot, during this time. The couple married in 1956 and had five children together.

Successful Businessman

Perot returned to Texas with his wife after leaving the United States Navy in 1957. As an IBM employee, he quickly put his strong sales skills to use. After a few years, Perot decided to strike out on his own, establishing Electronic Data Systems in 1962. This new company offered data processing systems and services to other businesses.

What began as a one-man operation has grown into a thriving business. When Perot took EDS public in 1968, he became a millionaire. The value of his shares increased significantly, making him a billionaire.

Perot was involved in issues concerning prisoners of war and soldiers missing in action during the Vietnam War outside of business. He also oversaw a daring rescue when two of his own employees were kidnapped in Iran in 1979. The operation to free these prisoners inspired Ken Follett’s book On Wings of Eagles.

General Motors purchased a controlling stake in EDS in 1984. Perot received cash and GM stock in the initial deal, and he became a vocal critic of his new business partners. Perot returned his GM stock to the company two years later at their request. He soon established a new company called Perot Systems.

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Presidential Candidate

In the spring of 1992, Perot, who had always been politically outspoken, decided to get involved. He was dissatisfied with President George H.W. Bush and disliked any potential Democratic candidates. Positioning himself as a political outsider, Perot wrote United We Stand: How We Can Take Back Our Country about his ideas for rebuilding a troubled America. He also used his considerable wealth to buy air time across the country to share his political views in infomercials.

Perot’s down-home demeanor and penchant for speaking in snappy sound bites endeared him to many voters. “Perot is the candidate of the disaffected, the disenchanted, the fed up: the people whose contempt for politics has gone beyond cynicism to despair,” Texas Monthly journalist Paul Burka wrote.

His campaign seemed to gather momentum as the political race heated up. Perot marketed himself as a reformer, capitalizing on his success with Texas Public Education in the 1980s. He dropped out of the race in July, claiming that the Republican Party intended to embarrass his daughter Carolyn before her wedding. According to The New York Times, Perot was concerned that the Bush campaign would spread rumors about his daughter’s sexuality.

Perot re-entered the race in October, with only a few weeks until the election. Despite this setback, he received nearly 19% of the popular vote. Perot was the first independent candidate to receive this large a share of the popular vote since Teddy Roosevelt in 1912. Nonetheless, the vast majority of voters supported Democrat Bill Clinton.

In 1995, Perot founded the Reform Party. In 1996, he ran for president against Clinton again, publishing Ross Perot: My Life & The Principles for Success to support his platform, though his candidacy did not garner much public support.

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Later Years and Death

Perot stepped down from day-to-day operations of Perot Systems in 2000, but remained chairman. Ross Jr., his son, took over the family business. In 2009, it was sold to Dell.

However, Perot did not abandon politics entirely. In the 2012 presidential election, he backed Republican candidate Mitt Romney. “The fact is that the United States is on an unsustainable path,” Perot wrote in a Des Moines Register opinion piece. “What is at stake is nothing less than our global standing, our standard of living at home, and our constitutional liberties.”

Perot died of leukemia on July 9, 2019, at his Dallas home. He was 89.

Further Reading

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