Current:Home > MyFastexy Exchange|Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -EverVision Finance
Fastexy Exchange|Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
SafeX Pro View
Date:2025-04-07 12:10:05
Bernard “Bernie” Marcus,Fastexy Exchange 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! (1624)
Related
- Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
- Ford and GM announce hundreds of temporary layoffs with no compensation due to strike
- When is iOS 17 available? Here's what to know about the new iPhone update release
- How Shawn Fain, an unlikely and outspoken president, led the UAW to strike
- Global Warming Set the Stage for Los Angeles Fires
- Police: 1 child is dead and 3 others were sickened after exposure to opioids at a New York day care
- Group of friends take over Nashville hotel for hours after no employees were found
- Relative of slain Black teen calls for white Kansas teen to face federal hate crime charges
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Long Island serial killings: A timeline of the investigation
Ranking
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- US: Mexico extradites Ovidio Guzmán López, son of Sinaloa cartel leader ‘El Chapo,’ to United States
- Christian Coleman wins 100 with a world lead time of 9.83 and Noah Lyles takes second.
- Prescott has 2 TDs, Wilson 3 picks in 1st start after Rodgers injury as Cowboys beat Jets 30-10
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- A Los Angeles sheriff’s deputy was shot in his patrol car and is in the hospital, officials say
- EU pledges crackdown on ‘brutal’ migrant smuggling during visit to overwhelmed Italian island
- Drew Barrymore Reverses Decision to Bring Back Talk Show Amid Strikes
Recommendation
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
California Gov. Gavin Newsom says he will sign climate-focused transparency laws for big business
When is iOS 17 available? Here's what to know about the new iPhone update release
Zimbabwe’s reelected president says there’s democracy. But beating and torture allegations emerge
2 killed, 3 injured in shooting at makeshift club in Houston
Selena Gomez and Taylor Swift Appear in Adorable New BFF Selfies
Search on for a missing Marine Corps fighter jet in South Carolina after pilot safely ejects
Family of man killed by police responding to wrong house in New Mexico files lawsuit