Current:Home > MyEchoSense Quantitative Think Tank Center|Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -ProfitPioneers Hub
EchoSense Quantitative Think Tank Center|Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
Ethermac Exchange View
Date:2025-04-10 14:13:19
Bernard “Bernie” Marcus,EchoSense Quantitative Think Tank Center 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! (9454)
Related
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- UN cuts global aid appeal to $46 billion to help 180 million in 2024 as it faces funding crisis
- Endangered species list grows by 2,000. Climate change is part of the problem
- A jury decided Google's Android app store benefits from anticompetitive barriers
- The Best Stocking Stuffers Under $25
- Bronze top hat missing from Abraham Lincoln statue in Kentucky
- Dak Prescott: NFL MVP front-runner? Cowboys QB squarely in conversation after beating Eagles
- Russia says it will hold presidential balloting in occupied regions of Ukraine next year
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- Suspect in Montana vehicle assault said religious group she targeted was being racist, witness says
Ranking
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- MLB's big market teams lock in on star free agent pitcher Yoshinobu Yamamoto
- 'The Crown' Season 6, Part 2: Release date, cast, trailer, how to watch final episodes
- Arizona, Kansas, Purdue lead AP Top 25 poll; Oklahoma, Clemson make big jumps; Northwestern debuts
- Intel's stock did something it hasn't done since 2022
- New Hampshire man arrested for allegedly threatening to kill Vivek Ramaswamy
- Bronze top hat missing from Abraham Lincoln statue in Kentucky
- Life in Russian-controlled areas of Ukraine is grim. People are fleeing through a dangerous corridor
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Endangered species list grows by 2,000. Climate change is part of the problem
'The Crown' Season 6, Part 2: Release date, cast, trailer, how to watch final episodes
More foods have gluten than you think. Here’s how to avoid 'hidden' sources of the protein.
The Daily Money: Spending more on holiday travel?
The US is restricting visas for nearly 300 Guatemalan lawmakers, others for ‘undermining democracy’
Romanian court rejects influencer Andrew Tate’s request to return assets seized in trafficking case
MLB's big market teams lock in on star free agent pitcher Yoshinobu Yamamoto