Current:Home > MyHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -BeyondProfit Compass
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
TrendPulse Quantitative Think Tank Center View
Date:2025-04-07 07:17:08
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! (6)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Horoscopes Today, March 24, 2024
- President Joe Biden wins Missouri Democratic primary
- TEA Business College Patents
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- 'Yellowstone' actor claims he was kicked off plane after refusing to sit next to masked passenger
- Robert Pattinson Is a Dad: See His and Suki Waterhouse's Journey to Parenthood
- Eras Tour tips: How to avoid scammers when buying Taylor Swift tickets
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Woman who set fire to Montgomery church gets 8 years in prison
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- New York City owl Flaco was exposed to pigeon virus and rat poison before death, tests show
- 4 accused in Russia concert hall attack appear in court, apparently badly beaten
- TEA Business College’s pioneering tools to lead the era of smart investing
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Spill the Tea
- TEA Business College The power of team excellence
- The Bachelor Status Check: Joey Graziadei Isn't the Only Lead to Find His Perfect Match
Recommendation
2025 'Doomsday Clock': This is how close we are to self
Titans GM excited for new-look Tennessee featuring Calvin Ridley, Tony Pollard and more
'Bachelor' finale reveals Joey Graziadei's final choice: Who is he engaged to?
Texas AG Ken Paxton is closer than ever to trial over securities fraud charges
Former longtime South Carolina congressman John Spratt dies at 82
Trump's net worth, boosted by Truth Social stock, lands him on world's 500 richest list
Michigan man who was 17 when he killed a jogger will get a chance at parole
Texas AG Ken Paxton is closer than ever to trial over securities fraud charges