Current:Home > InvestHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -Elevate Capital Network
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
EchoSense View
Date:2025-04-06 09:14:41
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! (1729)
Related
- Jury finds man guilty of sending 17-year-old son to rob and kill rapper PnB Rock
- Woman tries to set fire to Martin Luther King Jr.'s birth home, Atlanta police say
- DeSantis, Haley and Ramaswamy will appear in northwest Iowa days after a combative GOP debate
- Federal judge poised to prohibit separating migrant families at US border for 8 years
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- André 3000's new instrumental album marks departure from OutKast rap roots: Life changes, life moves on
- Russian athletes allowed to compete as neutral athletes at 2024 Paris Olympics
- Use these tech tips to preserve memories (old and new) this holiday season
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Virginia woman wins $777,777 from scratch-off but says 'I was calm'
Ranking
- Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
- Read the full Hunter Biden indictment for details on the latest charges against him
- Jonathan Majors begged accuser to avoid hospital, warning of possible ‘investigation,’ messages show
- French actor Gerard Depardieu is under scrutiny over sexual remarks and gestures in new documentary
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Chef Michael Chiarello Allegedly Took Drug Known for Weight Loss Weeks Before His Death
- What’s streaming now: Nicki Minaj’s birthday album, Julia Roberts is in trouble and Monk returns
- In a reversal, Starbucks proposes restarting union talks and reaching contract agreements in 2024
Recommendation
The Daily Money: Disney+ wants your dollars
French actor Gerard Depardieu is under scrutiny over sexual remarks and gestures in new documentary
California Gov. Gavin Newsom advances water tunnel project amid opposition from environmental groups
Kevin Costner Sparks Romance Rumors With Jewel After Christine Baumgartner Divorce Drama
Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
How a top economic adviser to Biden is thinking about inflation and the job market
Guyana is preparing to defend borders as Venezuela tries to claim oil-rich disputed region, president says
A pregnant woman in Kentucky sues for the right to get an abortion