Current:Home > InvestHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -WealthTrail Solutions
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-19 22:32:38
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! (4484)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Kris Kristofferson, legendary singer-songwriter turned Hollywood leading man, dies at 88
- The 26 Most Popular Amazon Products This Month: Double Chin Masks, $1 Lipstick, Slimming Jumpsuits & More
- Anna Delvey Reveals Why She’ll Take “Nothing” Away From Her Experience on Dancing With the Stars
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- No time for shoes as Asheville family flees by boat, fearing they lost everything
- Breanna Stewart, Liberty handle champion Aces in Game 1 of WNBA semifinals
- Handing out MLB's 2024 awards: Shohei Ohtani, Aaron Judge earn MVPs for all-time seasons
- A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
- FBI to pay $22M to settle claims of sexual discrimination at training academy
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- No time for shoes as Asheville family flees by boat, fearing they lost everything
- In Alabama, Trump goes from the dark rhetoric of his campaign to adulation of college football fans
- What is 'Ozempic face'? How we refer to weight-loss side effects matters.
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- FBI to pay $22M to settle claims of sexual discrimination at training academy
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Smooches
- Former child star Maisy Stella returns to her 'true love' with 'My Old Ass'
Recommendation
Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
California Cities Planned to Shut off Gas in New Buildings, but a Lawsuit Turned it Back On. Now What?
AP Top 25: Alabama overtakes Texas for No. 1 and UNLV earns its 1st ranking in program history
Power outage map: Swaths of western North Carolina dark after Hurricane Helene
Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
Knicks trade for Karl-Anthony Towns in blockbuster deal
Luis Arraez wins historic batting title, keeps Shohei Ohtani from winning Triple Crown
Ryan Williams vs Jeremiah Smith: Does Alabama or Ohio State have nation's best freshman WR?