Ross Perot — a billionaire frustrated with America’s ballooning budget deficits and fed up with its two-party system — ran for president as an independent. He won 19% of the vote against the Republican incumbent (George H.

If the world’s richest man seriously pursues his goal of standing up what he calls the America Party, Musk will have to navigate a patchwork of state-level requirements to get his party and its candi...