Current:Home > FinanceHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -VitalEdge Finance Pro
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-16 06:44:45
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! (627)
Related
- Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
- New York’s high court orders new congressional maps as Democrats move to retake control of US House
- House panel urges tougher trade rules for China, raising chance of more tariffs if Congress agrees
- New York’s high court orders new congressional maps as Democrats move to retake control of US House
- Kentucky Gov. Andy Beshear ready to campaign for Harris-Walz after losing out for spot on the ticket
- ExxonMobil says it will stay in Guyana for the long term despite territorial dispute with Venezuela
- Indian police arrest 4 intruders for breaching security in the Parliament complex
- Black man choked and shocked by police died because of drugs, officers’ lawyers argue at trial
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- Russian man who flew on Los Angeles flight without passport or ticket charged with federal crime
Ranking
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- Taylor Swift’s Eras Tour Officially Becomes Highest-Grossing Tour Ever
- Punter Matt Araiza to be dropped from rape lawsuit as part of settlement with accuser
- What we know about the legal case of a Texas woman denied the right to an immediate abortion
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- How the presidents of Harvard, Penn and MIT testified to Congress on antisemitism
- DeSantis goes after Trump on abortion, COVID-19 and the border wall in an Iowa town hall
- Live Your Best Life With Kourtney Kardashian Barker’s 12 Days of Pooshmas Holiday Mailer
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
This 28-year-old from Nepal is telling COP28: Don't forget people with disabilities
$2 trillion worth of counterfeit products are sold each year. Can AI help put a stop to it?
Live Your Best Life With Kourtney Kardashian Barker’s 12 Days of Pooshmas Holiday Mailer
NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
Most populous New Mexico county resumes sheriff’s helicopter operations, months after deadly crash
Vikings bench Joshua Dobbs, turn to Nick Mullens as fourth different starting QB this season
NFL power rankings Week 15: How high can Cowboys climb after landmark win?