In the 1990s, Perot would use his personal fortune to largely self-fund two runs for White House, in 1992 as an independent who captured 19 percent of the vote, and in 1996 as part of his Reform Party, although he would only receive eight percent of votes that year.
Perot ran for president again in 1996 under his newly created Reform Party but only got eight percent of the vote that time.
Perot was a self-made Texas billionaire, having founded Electronic Data Systems (EDS) in 1962 and then sold control of the company to General Motors for $2.5 billion in 1984.
Ross Perot wanted to run the country much like he ran his billion-dollar business. Although Perot did not win a single Electoral College vote, he was the most successful third-party candidate since Theodore Roosevelt in 1912. He used charts and graphs to make his points, summarizing them with a line that became a national catchphrase: "It's just that simple".
While a TC student from 1947-1949, Perot also served as editor-in-chief of the yearbook, which he helped found. By the late 1980s, Perot had founded Perot Systems, which was sold to Dell Computers in 2009 for $3.9 billion. Perot drew almost 19% of the vote, the biggest percentage for a third-party hopeful in 80 years. He was the head of the company until 2000, when he passed the title on to his son, Ross Perot Jr.
I've long held that, while Mr. Perot's bid for the Presidency was honest and his love for this country genuine, he unwittingly gave us the Clinton Presidency. Most importantly, he loved his dear wife, children, and grandchildren. "In business and in life, Ross was a man of integrity and action", the statement read.
"He was a brilliant businessman, a true American patriot, and a generous philanthropist".
Perot's second campaign four years later was far less successful.
Perot was born into a lower middle-class family in the small east Texas town of Texarkana, on the Arkansas border, in 1930.
His unconventional candidacy, announced on a United States talk show, straddled the line between entertainment and politics and contributed to the defeat of incumbent Republican President George HW Bush.
With a net worth of $4.1 million, in 2002 the Perot family started The Perot Foundation.
Phil Anderson is a Libertarian National Committee member and said Perot's Texas tycoon twang and straight forward character appealed to voters. He quickly became one of the country's richest men. "All of a sudden the box office door would burst open and Mr. Perot would come running through the theatre and go, 'How's the theatre, '" Goesl said, adding sometimes Perot would be dressed up and wearing his hat and other times in a pair of shorts.