Current:Home > InvestHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -Aspire Money Growth
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-13 18:23:48
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! (63944)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- 'Women Talking' is exactly that — and so much more
- Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year
- The Burna Boy philosophy: 'Anybody not comfortable with my reality is not my fan'
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- DeSantis uninjured in car accident in Tennessee, campaign says
- He's edited Caro, le Carré and 'Catch-22,' but doesn't mind if you don't know his name
- Takeaways from AP’s report on financial hurdles in state crime victim compensation programs
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Brian Harmon wins British Open for first-ever championship title
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Man who killed three people in small South Dakota town sentenced to life in prison
- The fantasia of Angelo Badalamenti, veil-piercing composer
- 'Wait Wait' for Jan. 7, 2023: Happy New Year with Mariska Hargitay!
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- Thomas Haden Church talks 'rumors' of another Tobey Maguire 'Spider-Man,' cameo possibility
- 2-year-old grandson of new Bucks head coach Adrian Griffin has died in Illinois
- Judge to weigh Hunter Biden plea deal that enflamed critics
Recommendation
The 401(k) millionaires club keeps growing. We'll tell you how to join.
LeBron James' 18-Year-Old Son Bronny James Suffers Cardiac Arrest During Workout at USC
Serving house music history with Honey Dijon
Could sharks make good hurricane hunters? Why scientists say they can help with forecasts
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Gas pipeline explodes near interstate in rural Virginia, no injuries reported
Jaylen Brown, Celtics agree to 5-year supermax deal worth up to $304 million, biggest in NBA history
Report: Kentucky crime statistics undercounted 2022 homicides in the state’s most populous county