Current:Home > FinanceHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -VisionFunds
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-12 09:21:58
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! (23)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Paris Olympics ticket scams rise ahead of the summer games. Here's what to look out for.
- Map shows all the stores slated to be sold in Kroger-Albertsons merger
- 2 fire tanker trucks heading to large warehouse blaze crash, injuring 7 firefighters
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- FBI searching for 14-year-old Utah girl who vanished in Mexico
- The race is on to save a 150-year-old NY lighthouse from crumbling into the Hudson River
- Evictions surge in Phoenix as rent increases prompt housing crisis
- What to watch: O Jolie night
- Deeply Democratic Milwaukee wrestles with hosting Trump, Republican National Convention
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Krispy Kreme offering 87-cent dozens in BOGO deal today: How to redeem the offer
- 'America's Sweethearts': Why we can't look away from the Dallas Cowboys Cheerleaders docuseries
- What to watch: Let's rage with Nic Cage
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Serena Williams takes shot at Chiefs kicker Harrison Butker during ESPY Awards
- 1 dead, 2 missing after tour helicopter crashes off Hawaiian coast
- See photos of stars at the mega wedding for the son of Asia's richest man in Mumbai, India
Recommendation
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Tour helicopter crash off Hawaiian island leaves 1 dead and 2 missing
Olympic Moments That Ring True as Some of the Most Memorable in History
Conservative groups are pushing to clean voter rolls. Others see an effort to sow election distrust
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
RHOA Alum NeNe Leakes Addresses Kenya Moore's Controversial Exit
Emergency workers uncover dozens of bodies in a Gaza City district after Israeli assault
Police chief resigns after theft of his vehicle, shootout in Maine town