Current:Home > StocksHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -ProfitSphere Academy
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-13 05:58:10
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! (11)
Related
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Earn less than $100,000 in San Francisco? Then you are considered low income.
- Kim Cattrall Reacts to Her Shocking Sex and the City Return
- Kendall Jenner Sizzles in Little Black Dress With Floral Pasties
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Ryan Seacrest named new Wheel of Fortune host
- Ali Wong Addresses Weird Interest in Her Private Life Amid Bill Hader Relationship
- Federal judge blocks Kentucky's ban on gender-affirming care for trans minors
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Pregnant Naomi Osaka Reveals the Sex of Her First Baby
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- BP’s Incoming Boss Ready to Scale Down Gulf Clean-up Operation
- Disaster Displacement Driving Millions into Exile
- Ali Wong Addresses Weird Interest in Her Private Life Amid Bill Hader Relationship
- The company planning a successor to Concorde makes its first supersonic test
- Jenna Dewan Pens Sweet Message to Her and Channing Tatum's Fierce Daughter Everly on 10th Birthday
- Get These $118 Lululemon Flared Pants for $58, a $54 Tank Top for $19, $138 Dress for $54, and More
- ‘Is This Real Life?’ A Wall of Fire Robs a Russian River Town of its Nonchalance
Recommendation
Trump's 'stop
Chrissy Teigen and John Legend welcome 4th child via surrogate
Conservative businessman Tim Sheehy launches U.S. Senate bid for Jon Tester's seat
Gulf Outsiders Little Understand What is Happening to People Inside
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
How Deep Ocean Wind Turbines Could Power the World
Kaley Cuoco Reveals If She and Tom Pelphrey Plan to Work Together in the Future
Launched to great fanfare a few years ago, Lordstown Motors is already bankrupt