Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#479 Ross Perot $4.13B

Random fact: Received 18.9 percent of the U.S. presidential vote in 1992.

Overview

Perot is the founder of Electronic Data Systems and Perot Systems, two U.S.-based information technology service companies. He sold EDS to General Motors for $2.5 billion in 1984 and Perot Systems to Dell for $3.9 billion in 2009. The billionaire made two unsuccessful bids for the presidency as a third-party candidate in the 1990s.

As of Oct. 17, 2017:
Last change No change
YTD change +$225M (+5.8%)
Industry Diversified
Biggest asset Cash
Citizenship United States
Age 87
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Ross Perot's net worth of $4.13B can buy ...

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Latest News

Net Worth Summary

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Confidence rating:

The majority of Perot's fortune is derived from proceeds he collected selling stakes in two information technology service providers he founded. He sold Electronic Data Systems to General Motors for $2.5 billion in cash and stock in 1984 and received $850 million in cash. He was paid $700 million two years later after a series of disagreements led GM to buy his shares and remove him from the company's board of directors. He founded Perot Systems in 1988, and sold it to Dell for $3.9 billion in 2009, collecting $900 million.

The value of his cash investments is based on an analysis of these deals, dividends, market performance, insider transactions, taxes and political and charitable contributions. Perot spent $65 million on his presidential election campaign in 1992, according to Encyclopedia Britannica. He spent $10 million running for president four years later, according to the Federal Election Commission. That year he accepted public funding that curtailed his personal contributions. He's given more than $140 million to the Perot Foundation, according to data compiled by Citizen Audit, a database for financial disclosures of non-profit organizations.

Perot spokesman James Fuller of Public Strategies PR declined to comment on the billionaire's net worth.

Biography

Birthdate: 6/27/1930
Family: Married, 5 children
Education: 1949-1953, United States Naval Academy, Graduated

Henry Ross Perot was born in Texarkana, Texas, in 1930. He entered the U.S. Naval Academy and served in the Navy until 1957, when he was honorably discharged. After moving to Dallas with his new wife, Margot, Perot started working in sales for IBM. He excelled as a computer salesman and soon after decided to borrow $1,000 from his wife to start his own information systems company, Electronic Data Systems.

The company eventually went public and was bought by General Motors in 1984 for $2.5 billion. Perot would serve on the board of GM until 1986 when the carmaker bought his shares for $700 million after a series of public disgreements. He started Perot Systems in 1988, another information technology services company, and sold the business to Dell in 2009 for $3.9 billion.

Perot is best known for his candidacies in 1992 and 1996 when he ran for President of the United States. After self-financing much of the campaign and appearing in the 1992 debate with then Governor Bill Clinton and Vice President George Bush, Perot was able to capture almost one-fifth of the votes. That was the highest percentage for a third-party presidential candidate since Theodore Roosevelt's 1912 run on the Progressive "Bull Moose" Party ticket.

Milestones
  • 1930 Henry Ross Perot is born in Texarkana, Texas.
  • 1957 Begins working as a salesman at IBM in Texas.
  • 1962 Starts Electronic Data Systems Corp. with a loan of $1,000 from his wife.
  • 1984 Sells EDS to General Motors for $2.5 billion.
  • 1988 Starts Perot Systems, an information technology services company.
  • 1992 Runs for President of the United States, winning 18.91 percent of the vote.
  • 1996 Again runs for president, winning 8.4 percent of the vote.
  • 2009 Dell buys Perot Systems for $3.9 billion.