Current:Home > ScamsHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -WealthRoots Academy
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-13 02:31:00
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 elagatta@gannett.com
veryGood! (81621)
Related
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Fortune releases list of top 10 biggest U.S. companies
- Patient satisfaction surveys fail to track how well hospitals treat people of color
- Crazy Rich Asians Star Henry Golding's Wife Liv Lo Is Pregnant, Expecting Baby No. 2
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Still Shopping for Mother’s Day? Mom Will Love These Gifts That Won’t Look Last-Minute
- Stressed out about climate change? 4 ways to tackle both the feelings and the issues
- Federal Program Sends $15 Million to Help Coal Communities Adapt
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Drew Barrymore Steps Down as Host of 2023 MTV Movie & TV Awards 3 Days Before Show
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- 4 ways to make your workout actually fun, according to behavioral scientists
- Woman facing charges for allegedly leaving kids in car that caught fire while she was shoplifting
- Second plane carrying migrants lands in Sacramento; officials say Florida was involved
- Sonya Massey's father decries possible release of former deputy charged with her death
- Selling Sunset Turns Up the Heat With New Competition in Explosive Season 6 Trailer
- New 988 mental health crisis line sees jump in calls and texts during first month
- Hunger advocates want free school meals for all kids. It's tough sell in Congress
Recommendation
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
I’ve Tried Hundreds of Celebrity Skincare Products, Here Are the 3 I Can’t Live Without
New York Passes Ambitious Climate Bill, Aiming to Meet Paris Targets
Mothers tell how Pakistan's monsoon floods have upended their lives
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
An American Beach Story: When Property Rights Clash with the Rising Sea
How the Love & Death Costumes Hide the Deep, Dark Secret of the True Crime Story
As ‘Epic Winds’ Drive California Fires, Climate Change Fuels the Risk