Ross Perot, the billionaire tycoon who mounted two unsuccessful third-party presidential campaigns in the 1990s, died Tuesday, family spokesman James Fuller confirmed to CNN. He was 89.
A billionaire by his mid-50s after he sold a controlling interest in the data processing business he founded, Electronic Data Systems Corporation, to General Motors for $2.5 billion, Perot mounted one of the most successful third-party presidential candidacies in US history in 1992 when he garnered nearly 19% of the vote. He finished third, behind Bill Clinton and incumbent President George H.W. Bush.
Perot directly challenged Clinton and Bush's support of the North American Free Trade Agreement during the election cycle, and argued the treaty would cause the loss of American jobs.
In 1995, he created the Reform Party, and the following year received 8% of the vote in the presidential election as the party's candidate.
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