Current:Home > ScamsHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -Zenith Money Vision
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-14 12:55:02
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! (5)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Inside Clean Energy: Well That Was Fast: Volkswagen Quickly Catching Up to Tesla
- Global Methane Pledge Offers Hope on Climate in Lead Up to Glasgow
- GM will stop making the Chevy Camaro, but a successor may be in the works
- $73.5M beach replenishment project starts in January at Jersey Shore
- TikTok CEO says company is 'not an agent of China or any other country'
- Stranger Things' Noah Schnapp Shares Glimpse Inside His First Pride Celebration
- Stanford University president to resign following research controversy
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Canada’s Tar Sands: Destruction So Vast and Deep It Challenges the Existence of Land and People
Ranking
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Have you been audited by the IRS? Tell us about it
- Why car prices are still so high — and why they are unlikely to fall anytime soon
- Bank fail: How rising interest rates paved the way for Silicon Valley Bank's collapse
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Shining a Light on Suicide Risk for Wildland Firefighters
- Los Angeles investigating after trees used for shade by SAG-AFTRA strikers were trimmed by NBCUniversal
- As Lake Powell Hits Landmark Low, Arizona Looks to a $1 Billion Investment and Mexican Seawater to Slake its Thirst
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Inside Clean Energy: The Rooftop Solar Income Gap Is (Slowly) Shrinking
Special counsel's office contacted former Arizona Gov. Doug Ducey in Trump investigation
Alabama woman confesses to fabricating kidnapping
Nevada attorney general revives 2020 fake electors case
Miami woman, 18, allegedly tried to hire hitman to kill her 3-year-old son
Biggest “Direct Air Capture” Plant Starts Pulling in Carbon, But Involves a Fraction of the Gas in the Atmosphere
Maine aims to restore 19th century tribal obligations to its constitution. Voters will make the call