Recently I have been writing articles on the wealthiest people in major cities across the United States and what they are doing with their wealth to support their local community.
Today I wanted to take a look at the richest woman in Dallas and what she is doing with her vast fortune.
The richest woman in Dallas
The richest woman in Dallas is Margot Birmingham Perot- the widow of the late technology entrepreneur and presidential candidate H. Ross Perot, Sr.Margot has a net worth of $4.4 billion which places her as the wealthiest female in Dallas.
Margot met Ross on a blind date and married him in 1956. They moved to Dallas in 1957, where Ross worked for IBM and Margot as a teacher.
Ross left IBM in 1962 to found his own business- Electronic Data Systems. Margot had saved up $1000 from her teaching and wrote a check to get the company started. That check proved incredibly valuable. Ross sold EDS to GM in 1984 for $1.5 billion.
It was Margot who provided the capital that made a billion-dollar fortune. And she has been generous in giving a lot of it back to the Dallas community.
In 1969, Ross and Margot started the Perot Foundation, which became active in many philanthropic and civic areas.
“I just think I owe it to the city of Dallas. My husband and I always felt we needed to give back because Dallas provided such opportunity for us.” Margot Perot
Margot has always been heavily involved in the Salvation Army. She is a founding member of the Dallas County Salvation Army Women’s Auxiliary and served as a board member and former Chairman of the Salvation Army Advisory Board of Dallas County.
Some of her charitable donations include:
- $93 million to UT Southwestern
- Last year she donated $10.5 million to the North Texas Food Bank, one of the largest contributions in the food bank’s 40-year history.
- Together with her family, she helped endow the Margot Perot Center in Dallas, which has delivered more than 120,000 babies since 1983.
- Being a former teacher, she also focuses on education and helped create the Perot Museum of Nature and Science and the Global Fund for Children.
- Ross and Margot also supported the Dallas Museum of Art, the Dallas Opera, the Dallas Arboretum, and the AT&T Performing Arts Center.
The list of donations is endless. In 2020, Margot was recognized for her philanthropy when she was awarded the annual Linz Award, one of Dallas’s oldest and most prestigious civic honors. The award is given to an individual whose community involvement has significantly impacted Dallas in the past decade.
Readers, what do you think of Margot's charitable efforts? What other organizations in Dallas would you like to see her support?
Please leave your comments below.