Current:Home > FinanceHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -Wealth Empowerment Zone
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-13 01:27:52
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! (6432)
Related
- Kourtney Kardashian Cradles 9-Month-Old Son Rocky in New Photo
- Newsom issues executive order for removal of homeless encampments in California
- Taylor Swift Reveals She's the Godmother of Blake Lively and Ryan Reynolds' Kids
- Alicia Vikander Privately Welcomed Another Baby With Husband Michael Fassbender
- 'Most Whopper
- Olympic soccer gets off to violent and chaotic start as Morocco fans rush the field vs Argentina
- Why Ryan Reynolds, Hugh Jackman hope 'Deadpool & Wolverine' is a 'fastball of joy'
- Powerball winning numbers for July 24 drawing: Jackpot at $114 million
- Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
- Screen time can be safer for your kids with these devices
Ranking
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Watch Simone Biles nail a Yurchenko double pike vault at Olympics podium training
- Powerball winning numbers for July 24 drawing: Jackpot at $114 million
- Automakers hit ‘significant storm,’ as buyers reject lofty prices at time of huge capital outlays
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Brittany Aldean Slams Maren Morris’ “Pro-Woman Bulls--t” Stance Amid Feud
- ‘Deadpool & Wolverine’ dominates at Comic-Con ahead of panel with Ryan Reynolds, Hugh Jackman
- Texas deaths from Hurricane Beryl climb to at least 36, including more who lost power in heat
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Remains identified of Wisconsin airman who died during World War II bombing mission over Germany
Polyamory, pregnancy and the truth about what happens when a baby enters the picture
Commission chair says there’s no ‘single silver bullet’ to improving Georgia’s Medicaid program
Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
Katie Ledecky can do something only Michael Phelps has achieved at Olympics
Texas city strips funding for monthly art event over drag show
Former Kentucky lawmaker and cabinet secretary acquitted of 2022 rape charge