Ross Perot Jr. | $1B+
Get in touch with Ross Perot Jr. | Ross Perot Jr., businessman and real estate developer, built a major presence in transportation and property development while extending the Perot family legacy beyond technology. As chairman of Hillwood, he expanded the company into one of the most important industrial real estate and logistics developers in the United States, building massive distribution hubs, mixed-use communities, and aviation-linked projects. Perot also played a pioneering role in global aviation as part of the first circumnavigation of the world by helicopter. Known for long-term infrastructure vision and disciplined execution, he remains a central figure in modern logistics real estate and Dallas business leadership.
Henry Ross Perot Jr. is an American businessman, real estate developer, and former U.S. Air Force pilot renowned for founding Hillwood in 1988 and spearheading transformative infrastructure projects such as the Fort Worth Alliance Airport, the nation's first dedicated industrial airport developed through a public-private partnership.[1] As chairman of The Perot Companies and Hillwood, he has overseen the creation of AllianceTexas, a 27,000-acre master-planned development that hosts over 590 companies, generates 66,000 direct jobs, and has produced a $130 billion economic impact in North Texas.[2] The eldest son of technology pioneer H. Ross Perot, he graduated from Vanderbilt University and served eight years as a fighter pilot flying F-4 Phantoms before entering business, where he co-founded Perot Systems Corporation and later facilitated its $3.9 billion sale to Dell in 2009.[2][1]
Perot Jr. gained international acclaim in aviation for co-piloting the Spirit of Texas, a modified Bell 206L-1 LongRanger II helicopter, on the first successful round-the-world flight by helicopter, departing Dallas on September 1, 1982, and returning 29 days later after covering 26,000 miles across 26 countries with 56 refuelings and no major mechanical failures.[3] This feat earned him the Smithsonian Institution's Langley Gold Medal in 1983 for contributions to aeronautics.[2] Beyond business and aviation, he chaired the U.S. Air Force Memorial Foundation, directing the completion of the United States Air Force Memorial in Washington, D.C., in 2006 after a 14-year effort.[1] Perot Jr. also established the Sarah and Ross Perot Jr. Foundation in 2002 to support healthcare, education, and community initiatives, including significant funding for medical research at UT Southwestern.[2] His leadership extends to civic roles, such as chairing the U.S. Chamber of Commerce Board of Directors and serving on boards of the American Enterprise Institute and Hoover Institution.[1]
Early life
Family background and upbringing
Henry Ross Perot Jr. was born on November 7, 1958, in Dallas, Texas, the eldest of five children born to H. Ross Perot Sr., a pioneering entrepreneur who founded Electronic Data Systems (EDS) in 1962, and Margot Birmingham Perot, a philanthropist and Goucher College graduate.[4][5] His younger sisters are Suzanne Perot, Nancy Perot, Carolyn Perot Rathjen, and Katherine Perot Reeves.[6] The Perot family resided in Dallas, where Ross Sr.'s rapid success with EDS—selling a majority stake to General Motors in 1984 for $2.4 billion—provided an affluent environment marked by the father's intense work ethic and business innovation.[7]
Perot Jr.'s upbringing was characterized as idyllic within Dallas's elite circles, with his father emphasizing self-reliance and achievement from an early age, lessons drawn from Ross Sr.'s own modest Texarkana roots as the son of a cotton broker.[8] The family's wealth enabled access to top private education and a stable, high-achieving household, though Ross Sr. instilled values of diligence by requiring even young Ross Jr. to earn privileges through effort, mirroring his own childhood experiences.[7] This environment, amid the Sr.'s growing national prominence, fostered Perot Jr.'s early exposure to business principles and family philanthropy.[8]
Education
Ross Perot Jr. completed his secondary education at St. Mark's School of Texas, an independent college preparatory day school in Dallas, graduating in 1977.[9] During his high school years, he achieved notable success in equestrian competitions, winning world championships in Tennessee Walking Horse events.[10]
Perot then attended Vanderbilt University in Nashville, Tennessee, where he pursued undergraduate studies and earned a Bachelor of Arts degree in 1981.[11][12] At Vanderbilt, he participated in the Navy Reserve Officers' Training Corps (NROTC) program, which included rigorous training such as Army jump school at Fort Benning, Georgia, during his freshman year.[8] Following graduation, Perot was commissioned into the United States Air Force, leveraging his ROTC background to serve as a fighter pilot.[13][2]
Military service
U.S. Air Force career
Ross Perot Jr. joined the United States Air Force shortly after co-piloting the first round-the-world helicopter flight in 1982, deciding to pursue a career as a fighter pilot.[8] He underwent training and served for approximately eight years, attaining the rank of captain and earning certification to fly the F-4 Phantom jet.[10][14][8]
During his active-duty tenure, beginning around 1983, Perot logged over seven years of flight time in the F-4, contributing to the Air Force's tactical fighter operations amid the Cold War era.[15][16] He separated from service in the early 1990s to enter the family business, drawing on his aviation experience for subsequent civilian endeavors.[17] No public records detail specific combat deployments or commendations from his Air Force period, though his pilot qualifications aligned with standard interceptor and strike missions typical for F-4 squadrons at the time.[8][10]
Business career
Leadership at Hillwood and Perot Group
Ross Perot Jr. founded Hillwood in 1988 as a Texas-based real estate development company, drawing on his entrepreneurial vision to pursue large-scale projects grounded in core values of teamwork, integrity, and excellence.[18] As Chairman, he has led the firm's growth into a major player in global real estate, implementing a decentralized management structure that empowers divisional leaders while ensuring rigorous financial oversight.[19] His leadership emphasizes collaboration, active listening, and fostering a culture of honesty, with openness to innovative ideas from team members at all levels, including younger staff.[19]
Perot Jr. also chairs The Perot Group, the family office responsible for managing the Perot family's broad investment portfolio, encompassing real estate, oil and gas, and financial investments.[1][20] In this capacity, he directs strategic decisions across these sectors, building on the foundational principles of long-term value creation and ethical business practices inherited from his father, H. Ross Perot Sr.[21] The Perot Group's oversight extends to coordinating family enterprises, including Hillwood, to align with overarching economic and operational objectives.[12]
Major real estate developments
Ross Perot Jr. founded Hillwood in 1988 as a real estate development firm specializing in large-scale industrial, commercial, and residential projects, initially focusing on opportunities in Texas.[12] That year, he developed properties in Fort Worth, marking the company's early emphasis on strategic land acquisition and infrastructure integration.[1] Hillwood's approach emphasized public-private partnerships, including military base conversions and inland logistics hubs, expanding to over 18,000 acres under management by the 2020s.[22]
The flagship project, AllianceTexas, began with Perot Jr.'s acquisition of approximately 27,000 acres of farmland and ranchland northwest of Fort Worth in the late 1980s, transforming it into a master-planned inland port and logistics center.[23] Completed in phases starting in 1989, it incorporated the world's first fully integrated industrial airport (Alliance Airport), rail connections, and highways, attracting over 300 companies and generating more than $120 billion in regional economic output by 2024.[24] [25] Within AllianceTexas, the 2,500-acre Circle T Ranch serves as a premier corporate campus, hosting headquarters for firms like J.B. Hunt and GXO Logistics.[26]
Victory Park, a 45-acre mixed-use urban development in downtown Dallas, was spearheaded by Hillwood in partnership with the Perot family interests, featuring office towers, residences, entertainment venues, and retail spaces completed primarily between 2000 and 2010.[19] This project revitalized a former rail yard into a vibrant district, including the American Airlines Center and luxury high-rises, contributing to Dallas's urban core expansion.[19]
Hillwood also advanced residential master-planned communities through its Hillwood Communities division, such as the 1,300-acre Harvest development in Northlake, Texas, initiated in the mid-2000s with over 3,000 homes, schools, and amenities by 2020.[27] Other notable efforts include Frisco Station in Frisco, Texas, where construction on multifamily components like the 410-unit Bonham & Baker began in 2025, integrating with broader transit-oriented growth.[28] These projects underscore Perot Jr.'s strategy of blending economic development with infrastructure, yielding sustained job creation and tax revenues in North Texas.[29]
Involvement in professional sports
In 1996, Ross Perot Jr. led an investment group to acquire the Dallas Mavericks of the National Basketball Association from original owner Don Carter for $125 million, assuming majority control of the franchise.[30][31] During his ownership, which lasted until 2001, Perot focused on real estate aspects of the team's operations while acknowledging limited basketball expertise, amid reports of internal executive turnover shortly after the purchase.[32] He sold his stake to Mark Cuban for $285 million in January 2001, yielding a significant return on the initial investment.[33][18]
Perot later entered professional cricket as a founding investor in Major League Cricket (MLC), contributing to a $44 million funding round in 2022 aimed at developing infrastructure for the U.S.-based T20 league.[34][35] In 2023, he became a co-owner of the Texas Super Kings franchise, partnering with Anurag Jain and Chennai Super Kings Cricket; the team, based in the Dallas area, debuted in MLC that year under captain Faf du Plessis and has since competed in the league's seasons, including reaching the championship final in 2023.[36][37][38] The franchise's operations align with MLC's growth strategy, including the league's headquarters relocation to North Texas in 2025 to expand viewership.[39]
Political and civic engagement
Republican Party involvement and donations
H. Ross Perot Jr. has provided substantial financial support to the Republican Party and its candidates over multiple election cycles, primarily through direct contributions, political action committees (PACs), and party organizations.[40] His donations have focused on federal and Texas Republican efforts, including Senate races, congressional committees, and voter mobilization initiatives.[41] In March 2019, Perot Jr. contributed the federal maximum of $2,800 twice to Donald Trump's reelection campaign, reaching the legal limit for individual donors.[42] [43]
Notable contributions include $100,000 to Texans for a Conservative Majority PAC in October 2020, aimed at supporting Republican legislative priorities in Texas; $75,000 to the Associated Republicans of Texas in November 2022; and $35,500 to the National Republican Congressional Committee in March 2019.[40] He has also backed individual GOP candidates such as Lindsey Graham, Bill Hagerty, and Jodey Arrington with amounts ranging from $2,700 to $5,600 per cycle.[40] In 2024, Perot Jr. donated $10,000 to the Republican Party and $3,300 to Nick Begich III's Senate campaign in Alaska.[44] The Sarah and Ross Perot Jr. Foundation, which he co-manages, reported $1,828,200 in political contributions during the 2024 cycle, directed toward Republican-aligned recipients as tracked by federal disclosure records.[45] [46]
Perot Jr.'s involvement extends beyond personal giving to strategic support for Republican infrastructure, such as funding PACs focused on conservative majorities and party-building in competitive states like Texas.[47] While his father, H. Ross Perot Sr., pursued independent presidential bids, Perot Jr. has aligned consistently with GOP priorities, including economic development and trade policies, though he has occasionally critiqued specific proposals like tariff expansions.[48] His contributions reflect a pattern of prioritizing Republican candidates and organizations over Democratic ones, with OpenSecrets data showing the vast majority of his tracked donations flowing to GOP entities.[40]
Role in U.S. Chamber of Commerce
Ross Perot Jr. joined the Board of Directors of the U.S. Chamber of Commerce in June 2020.[2] He advanced to the position of Vice Chairman of the Board on November 14, 2024.[49] On June 12, 2025, the Board elected him as Chairman for a two-year term, succeeding Mark Ordan.[50] [2]
In his leadership roles, Perot has emphasized accelerating economic growth through pro-business policies, drawing on his experience as Chairman of Hillwood and The Perot Group, where he has overseen major real estate and development projects.[2] As Chairman, he has publicly advocated for the Chamber's agenda, including positions on trade and tariffs; in October 2025, he stated that his Texas-based developments like AllianceTexas were resilient against tariff impacts, asserting "No one can touch us" due to their focus on domestic manufacturing and logistics.[51] Perot's tenure reflects the Chamber's shift toward more assertive public engagement on policy issues affecting American businesses.[52]
Perot continues to serve on the Chamber's Board, aligning his civic leadership with the organization's mission to represent U.S. businesses on regulatory, trade, and economic matters.[2] His involvement underscores a commitment to fostering innovation and infrastructure development, consistent with his prior achievements in public-private partnerships.[50]
Policy positions and public commentary
Ross Perot Jr. has expressed opposition to broad tariff policies, describing them as a significant risk to business investment decisions. In February 2025, he stated that President Donald Trump's tariff threats represent a "big concern" for executives, potentially deterring capital commitments due to uncertainty over increased costs on imports like steel and aluminum.[53][54] He advocated for a preference against tariffs altogether, arguing in October 2025 that an ideal scenario involves no such barriers, though he acknowledged geopolitical realities and emphasized resilience in North American supply chains for sectors like logistics.[51]
On trade and regional integration, Perot Jr. has promoted closer economic ties within North America to leverage demographic advantages. He highlighted Mexico's younger population as a factor that "keeps us young" in contrast to aging demographics in China, urging a "vision of integration" to sustain competitiveness through coordinated labor and production flows across the U.S., Mexico, and Canada.[55] This stance aligns with his leadership of the U.S. Chamber of Commerce's board since June 2025, where he supports policies aimed at achieving sustained 3% annual economic growth via expanded trade opportunities and reduced barriers.[2][52]
Regarding immigration, Perot Jr. has cautioned against overly restrictive measures, suggesting in early 2025 that moderation in aggressive policies—alongside trade adjustments—could prevent inflationary pressures and support ongoing expansion.[54][56] His commentary reflects a pro-business perspective favoring workforce inflows from neighboring countries to address labor needs in development-heavy industries like real estate and logistics. As a longtime Republican donor, these views position him within the party's free-market faction, prioritizing predictability and integration over protectionism.[53]
Recognition and legacy
Awards and honors
Ross Perot Jr.'s pioneering aviation efforts earned him the Langley Gold Medal from the Smithsonian Institution in 1983, awarded for outstanding contributions to aeronautics following his co-piloting of the first around-the-world helicopter flight in the Spirit of Texas, completed in 29 days, 3 hours, and 8 minutes starting in August 1982.[2] In recognition of his broader aviation achievements, including this record-setting journey at age 23, he was inducted into the Texas Aviation Hall of Fame in 2019 by the Lone Star Flight Museum.[17] That same year, the National Business Aviation Association bestowed upon him its Meritorious Service to Aviation Award, the group's highest honor, for lifelong advocacy and contributions to business aviation as a pilot and philanthropist.[57]
In business leadership, Perot and his father H. Ross Perot received Ernst & Young's inaugural Family Business Award of Excellence in 2013, highlighting their stewardship of family enterprises including Hillwood.[18] For civic engagement and philanthropy, he was awarded the J. Erik Jonsson Ethics Award by Southern Methodist University in 2020, citing his ethical leadership, support for education and arts via the Sarah and Ross Perot Jr. Foundation, and roles in organizations such as the Air Force Memorial Foundation.[20] In 2022, as an Eagle Scout, he received the Distinguished Eagle Scout Award from the National Eagle Scout Association for exemplary professional and personal accomplishments.[58]
Perot's community leadership was further recognized in 2024 when he and his wife Sarah received the Sprague Award from the Southwestern Medical Foundation, the entity's highest distinction for sustained contributions to Dallas's medical community spanning nearly five decades through family philanthropy.[59] Also in 2024, Angel Flight West presented him the Inspiration Award at its Endeavor Awards for advancing aviation-based charitable missions supporting patient transport.[60]
Economic impact and contributions
Ross Perot Jr.'s leadership as founder and chairman of Hillwood has driven substantial economic development in North Texas through large-scale real estate projects emphasizing public-private partnerships. The flagship AllianceTexas master-planned community, spanning 27,000 acres in Fort Worth and initiated in 1989, has generated an estimated $130 billion in regional economic impact since inception, including $10.2 billion in 2024 alone.[61][2] This impact stems from the development of Fort Worth Alliance Airport, the nation's first pure cargo industrial airport, which anchors logistics, manufacturing, and distribution activities, attracting over 590 companies.[62]
AllianceTexas has created more than 66,000 direct jobs, contributing to workforce expansion in sectors like aerospace, e-commerce, and advanced manufacturing, while facilitating billions in international trade through enhanced port-of-entry efficiencies.[63][2] State economic analyses, including those from the Texas Comptroller, highlight the site's role in broader Texas trade volumes exceeding $1 trillion annually, with AllianceTexas serving as a key logistics hub that reduces transportation costs and boosts supply chain resilience.[64]
Beyond AllianceTexas, Perot Jr.'s oversight of Hillwood's portfolio, including brownfield revitalizations and mixed-use developments, has spurred job growth and infrastructure investments across multiple states, often revitalizing underutilized land into productive economic zones.[65] These efforts, backed by the Perot family's financial resources, have positioned Hillwood as a model for sustainable urban expansion, yielding long-term fiscal benefits through increased tax revenues and regional GDP contributions without relying on excessive public subsidies.[66
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