Current:Home > StocksHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -Wealth Pursuit Network
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-12 00:22:08
Bernard “Bernie” Marcus, the billionaire co-founder of Home Depot who has been an ardent supporter of former President Donald Trump for years, has died, the chain announced Tuesday.
He was 95.
Marcus, whom Forbes has previously listed as the richest man in Georgia, became wealthy after he and Arthur Blank opened the first two Home Depot stores in 1979 in Atlanta. The hardware store chain defined by its orange theme has since grown to 2,300 locations in North America with nearly half-a-million employees.
In 2022, Marcus penned a memoir, “Kick Up Some Dust: Lessons on Thinking Big, Giving Back, and Doing It Yourself,” with a foreword by Pitbull that chronicles the building of the world’s largest home improvement retailer by the son of a cabinet maker who was fired at age 49.
Marcus was also a Republican party megadonor who has supported Trump's election bids since 2016, as well as Trump-backed candidates.
"Bernie was an inspiration in many ways. He was a master merchant and a genius with customer service," Home Depot said in a statement. "He loved our customers. He also loved the associates who made the company what it is today."
Businessman dies:Waffle House CEO Walt Ehmer dies at 58 after a long illness
Marcus founded Home Depot with Arthur Blank
Born in 1929 to Russian Jewish immigrants, Marcus grew up in a tenement of Newark, New Jersey, according to Home Depot.
After attending pharmacy school at Rutgers Universitiy, Marcus "worked his way up the corporate ladder" at various chains before becoming chairman and president of Handy Dan Improvement Centers in 1972, where he met Blank.
Marcus and Blank for years had a vision of a one-stop shop for do-it-yourself projects that was bigger than a traditional hardware store. And after they were fired in 1978 from Handy Dan, they secured financing from investment banker Ken Langone to make it happen.
The following year, the first Home Depot stores opened. Marcus was Home Depot’s CEO until 1997 and served as the company’s chairman until 2002 when he retired.
A lifetime of philanthropy
A longtime philanthropist, Marcus established several charitable organizations and gave to many causes throughout his life.
Jared Powers, CEO of the Marcus Jewish Community Center of Atlanta, called Marcus "a visionary philanthropist, devoted community leader, and beloved friend to our agency and the entire Jewish community" in a statement to USA TODAY.
"His legacy lives on in the spaces he helped create, the lives he impacted, and the community he strengthened," Powers said in the statement.
Another nonprofit named in his honor, the Marcus Foundation, will continue his legacy "with a focus on Jewish causes, children, medical research, free enterprise and the community," Home Depot said.
Bernie Marcus is longtime Trump, Republican backer
A longtime Republican, Marcus first supported Trump's election bid in 2016 before once again publicly endorsing the Republican while funding his 2020 reelection campaign.
In 2019, social media users called for a boycott of Home Depot following news that Marcus would be backing Trump's bid for a second term in the White House. The movement came after Marcus said in an interview with the Atlanta Journal-Constitution that while the then-president “sucks” at communication, his impact on employment and aggressive stances toward China and Iran had been positive.
Amid the backlash, Trump himself later came to Marcus' defense, calling him a "truly great, patriotic & charitable man" on Twitter, now X.
Home Depot itself has distanced itself from its co-founder's politics, issuing a statement at the time saying "as a standard practice, the company does not endorse Presidential candidates."
This article has been updated to add new information.
Contributing: Charisse Jones, USA TODAY
Eric Lagatta covers breaking and trending news for USA TODAY. Reach him at [email protected]
veryGood! (248)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Golden Bachelor's Theresa Nist Shakes Off Wardrobe Malfunction During Wedding to Gerry Turner
- Vatican concludes former Minnesota archbishop acted imprudently but committed no crimes
- Pedro Pascal, Melanie Lynskey, the Obamas among nominees at creative arts Emmy Awards
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- From Week 1 to 18, see how NFL power rankings have changed and this weekend's schedule
- Connecticut military veteran charged with making threats against member of Congress, VA
- Jo Koy ready to fulfill childhood dream of hosting Golden Globes with hopes of leaving positive mark
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- B-1 bomber crashes while trying to land at its base in South Dakota, Air Force says
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- The U.S. northeast is preparing for a weekend storm that threatens to dump snow, rain, and ice
- Cosabella, Lounge & More Lingerie Deals Sure to Get Your Heart Racing for Valentine’s Day
- A Peloton instructor ranted about how she disliked the movie Tenet. Christopher Nolan, the film's director, happened to take that class.
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- A group representing TikTok, Meta and X sues Ohio over new law limiting kids’ use of social media
- 'Love is Blind' contestant Renee Poche sues Netflix, says she 'felt like a prisoner' while filming show
- Connor Bedard, 31 others named to NHL All-Star Game initial roster. Any notable snubs?
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
'Memory': Jessica Chastain didn't want to make a 'Hollywood cupcake movie about dementia'
QB Taulia Tagovailoa seeks transfer waiver after record-setting career at Maryland
The Biden administration cuts $2M for student loan servicers after a bungled return to repayment
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Florida woman fatally poisoned neighbor's cats and pregnant dog with insecticide, police say
Actor Christian Oliver Shared Photo From Paradise 3 Days Before Fatal Plane Crash
Ryan Tannehill named starting quarterback for Tennessee Titans' Week 18 game vs. Jaguars