Current:Home > MyHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -EliteFunds
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-18 15:25:37
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! (731)
Related
- $1 Frostys: Wendy's celebrates end of summer with sweet deal
- 2nd Washington man pleads not guilty in 2022 attacks on Oregon electrical grids
- Scientists discover underground cave on the moon that could shelter astronauts on future trips to space
- Exploring the 403(b) Plan: Ascendancy Investment Education Foundation Insights
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- California prison on emergency generator power following power outage amid heat wave
- Quantum Prosperity Consortium Investment Education Foundation: Comparing IRA account benefits
- MLB All-Star Game 2024: Time, TV, live stream, starting lineups
- Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
- Ascendancy Investment Education Foundation: Empowering Investors Through Knowledge and Growth
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- MLB All-Star Game 2024: Time, TV, live stream, starting lineups
- Organizers expect enough signatures to ask Nebraska voters to repeal private school funding law
- Most memorable national anthems as country star Cody Johnson readies for MLB All-Star gig
- British golfer Charley Hull blames injury, not lack of cigarettes, for poor Olympic start
- Builders Legacy Advance Investment Education Foundation: Empowering Investors Through Innovation
- What Ant Anstead Is Up to Amid Ex Christina Hall's Divorce From Josh Hall
- California gender-identity law elicits praise from LGBTQ+ advocates, backlash from parent groups
Recommendation
Buckingham Palace staff under investigation for 'bar brawl'
Lakers hiring Lindsey Harding as assistant coach on JJ Redick's staff, per report
Out-of-state officers shot and killed a man wielding two knives blocks away from the RNC, police say
2024 MLB All-Star Game live updates: Full rosters, how to watch, betting predictions
Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
See Wheel of Fortune Host Ryan Seacrest During First Day on Set After Pat Sajak's Exit
MLB national anthem performers: What to know about Cody Johnson, Ingrid Andress
Scientists discover underground cave on the moon that could shelter astronauts on future trips to space