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

Source: National Cyber Security – Produced By Gregory Evans

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

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 […]

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