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Ross Perot, self-made Texas billionaire and two-time presidential candidate, dies

1930: Businessman and politician H. Ross Perot, best known for his unsuccessful third-party presidential runs in 1992 and 1996, is born in Texarkana, Texas. The billionaire ran in 1992 without a party affiliation and was the Reform Party's first-ever candidate in 1996. (Justin Sullivan/Getty Images)

DALLAS – H. Ross Perot, the colorful, self-made Texas billionaire who twice ran for president, has died.

Family spokesman James Fuller says Perot died early Tuesday. He was 89.

Perot rose from Depression-era poverty to become one of the nation's richest men as the founder of computer services giant Electronic Data Systems Corp.

In 1992, Perot jumped into the presidential campaign as an independent candidate, challenging President George H.W. Bush and Democrat Bill Clinton.

Perot drew nearly 19% of the vote, the biggest percentage for a third-party hopeful in 80 years. Republicans blamed him for Bush's defeat.

He had founded EDS in 1962 and sold control of it to General Motors for $2.5 billion in 1984. He later founded another company, Perot Systems.