Ross Perot: American self-made billionaire and philanthropist dies at 89

Ross Perot: American self-made billionaire and philanthropist dies at 89

Ross Perot, American self-made billionaire, philanthropist and two-time independent candidate for the United States president, has died at the age 89.

Perot died after a five-month battle with leukemia, local media Dallas News reports. He was reportedly diagnosed with leukemia in February.

Legit.ng gathers that Perot is the pioneer of the computer services industry. He founded Electronic Data Systems Corp. in 1962 and Perot Systems Corp. 26 years later.

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Ross Perot: American self-made billionaire and philanthropist dies at 89

Ross Perot at the Dell headquarters in Plano in October 2016. Credit: The Dallas Morning News
Source: UGC

Asked to describe his father in an interview, Ross Perot Jr., Perot's only son and CEO of the Perot Group, said: "Obviously a great family man, wonderful father. But at the end of the day, he was a wonderful humanitarian.

"Every day he came to work trying to figure out how he could help somebody."

As of July 2019, Forbes estimated Perot's wealth at $4.1 billion, making him the 478th-richest person in world.

Perot became a multimillionaire when he took Electronic Data Systems (EDS) public in 1968 and became a billionaire in 1984 when General Motors Corp. bought EDS for nearly $2.6 billion.

"Ross had an uncanny ability to think about six moves ahead," said former EDS executive Tom Meurer, trustee of the Perot Family Trust. "He saw things that most people didn't. It was a sixth sense."

In 1968, Perot tapped Ken Langone, a 33-year-old Wall Street up-and-comer, to handle EDS' first public offering. The pair went on to become billionaires and lifelong best friends.

"Meeting Ross Perot was the single biggest event in my career," said Langone, who co-founded Home Depot in 1979. "I'm a better person because he was in my life."

In 1986, Perot received the Winston Churchill Award for epitomizing the spirit of Britain's most famous statesman.

He was only the third American to receive the coveted medallion, honoured for his efforts on behalf of American POWs in Vietnam in the 1960s and for organizing a strike team that rescued two of his EDS employees from an Iranian prison in 1979.

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Meanwhile, Legit.ng previously reported that Disney fans were thrown into shock following the tragic passing of one of favourite Disney stars, Cameron Boyce.

Boyce's death was confirmed by his family Saturday night, July 7. The 20-year-old passed away in his sleep due to an ongoing medical condition.

The statement released by the family reads: "It is with a profoundly heavy heart that we report that this morning we lost Cameron," a spokesperson said on behalf of the Boyce family.

"He passed away in his sleep due to a seizure which was a result of an ongoing medical condition for which he was being treated."

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