Skip to main content

Billionaire Ross Perot Jr. on his hack safe plan: invest in Texas

ross perot invest texas 431674794 58c92c021e b
For those who are especially aware of historical politics, or who simply follow the lives of billionaires, the name Ross Perot Jr. might be familiar. It was a bit of a mystery when his father, Ross Perot, dropped out of the 1992 Presidential race, citing concerns over the safety of his family. The Perot name seems to come up at some point every election year, as the senior Perot’s story of candidacy as an outsider makes for lively conversation. Now Ross Perot Jr., also a billionaire, has echoed some familiar concerns surrounding safety in a Bloomberg Business profile published this week. His position is that cyber threats threaten the nation’s financial systems, so he advises that land investments in his home state of Texas are the soundest answer to mitigating the situation. It is an investment tactic that have served both he and his father well.

Perot’s personal net worth is reported to be $2.1 billion, and he holds an investment that he feels is safest from threats in the form of land. Sharing his vision for why he feels secure in this endeavor, he predicts that the time will come when cyber security affects the assets of many. He warns that one day, we could wake up and find that a major bank has been taken down by a cyber attack. With that news, all of its records could possibly disappear.

His concern is interesting, given the amount of wealth both Perot Jr. and his father have accumulated thanks to technology. The elder Perot was the founder of Electronic Data Systems (EDS) (a company that was sold to General Motors over thirty years ago) and Perot Systems (which sold to Dell in 2009 for $3.9 billion).

Ultimately, the point that Perot is making may have been lost in the shock of his statement. Land and real estate have long been among the investments of choice for those who can afford to buy when the price is right. He adds that he buys when the market dips, and is bullish on Texas, Southern California, Memphis, Chicago, Pennsylvania, and Atlanta. Wherever the digital part of our lives go, there is little doubt; that which is tangible will always have special value and there is little threat of land disappearing in the middle of the night.

John Casaretto
Former Digital Trends Contributor
John is the founder of the security company BlackCert, a provider of SSL digital certificates and encryption products. A…
How to change your background in Microsoft Teams
The Microsoft Teams Communities features is now available for Microsoft 365 Personal and Family.

Microsoft Teams is an incredible video conferencing and workflow platform. Similar to programs like Zoom and Skype, Teams allows you to do more than just confer with your teammates. You’ll be able to share files, photos, and videos on these calls too, and the Teams app is available for most desktop PCs and mobile devices. But sometimes the most poignant features are the ones you have to dig a little deeper for.

Read more
How to leave a team on Microsoft Teams
Several Microsoft Teams windows and features opened simultaneously.

Microsoft Teams is a terrific platform for workplace collaboration, but there may come a time when you need to leave a particular team. Whether it’s because a project has been completed, or specific employees are switching roles, or simply joining another team or project, removing yourself from an existing Teams collaboration couldn’t be easier. Plus, we’ve put together this step-by-step explainer for carrying out this task, which covers both desktop and mobile versions of Microsoft Teams.

Read more
Why finding quality pros for your business on Upwork is easier than ever
woman using Upwork to find top-tier talent

Finding talent and support can be difficult for a small to medium-sized operation with limited resources compared to some of the biggest brands in the business. Moreover, if you only have a local reach, you may be dealing with a much smaller talent pool and with fewer opportunities. You need a better way to access a wide range of talent, manage and communicate with those professionals, and organize administrative tasks like time tracking, payments, and so on. Most importantly, you need somewhere to find high-quality professionals who will get the work done on time and within budget. Cue , an incredibly valuable tool for small businesses and your ally in the modern digital marketplace.

Not only does it provide access to specialized and top-tier talent, it can help you scale your business by hiring the right professionals without incurring the extended costs of a long-time employee. Even better, Upwork can help you save more time by streamlining recruitment, hiring, and payroll tasks. That's mainly thanks to an intuitive and integrated payment system with "talent-matching features" that help you find or identify precisely the right professionals for your ask. Upwork makes it easier than ever to do just that.

Read more