Current:Home > MarketsHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -ProsperityStream Academy
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-15 03:35:42
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! (12)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Maren Morris and Ryan Hurd decide custody, child support in divorce settlement
- The rebranding of Xinjiang
- Tarek El Moussa Reveals He Lived in a Halfway House After Christina Hall Divorce
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- More delays for NASA’s astronaut moonshots, with crew landing off until 2026
- United, Alaska Airlines find loose hardware on door plugs on several Boeing 737 Max 9 planes
- Before a door plug flew off a Boeing plane, an advisory light came on 3 times
- Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
- Millions could lose affordable access to internet service with FCC program set to run out of funds
Ranking
- Police remove gator from pool in North Carolina town: Watch video of 'arrest'
- CES 2024 updates: The most interesting news and gadgets from tech’s big show
- Defense Secretary Austin was treated for prostate cancer and a urinary tract infection, doctors say
- Rays shortstop Wander Franco faces lesser charge as judge analyzes evidence in ongoing probe
- Sonya Massey's family keeps eyes on 'full justice' one month after shooting
- Katy Perry Details Vault of Clothes She Plans to Pass Down to Daughter Daisy Dove
- Rob Lowe gets an 'embarrassing amount' of sleep: Here are his tips to stay youthful
- Wisconsin lumber company fined nearly $300,000 for dangerous conditions after employee death
Recommendation
What to watch: O Jolie night
Indiana man serving 20-year sentence dies at federal prison in Michigan
Young man killed by shark while diving for scallops off Pacific coast of Mexico
Death toll from western Japan earthquakes rises to 126
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Which was the best national championship team of the CFP era? We ranked all 10.
Who's on the 2024 Baseball Hall of Fame ballot? What to know about election, voting
Donald Glover, Caleb McLaughlin play 21 Savage in 'American Dream' biopic trailer