Current:Home > BackHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died-LoTradeCoin
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View Date:2024-12-24 06:57:53
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! (2814)
Related
- The boy was found in a ditch in Wisconsin in 1959. He was identified 65 years later.
- 'Mrs. Davis' is a big swing that connects
- Abbott Elementary Sneak Peek: The School Staff Is Heading on the Road
- Lauren and Chris Lane Discuss How Their Dogs Prepared Them for Parenthood and Share Their Pet Must-Haves
- See Blake Shelton and Gwen Stefani's Winning NFL Outing With Kids Zuma and Apollo
- Fans throw stuffed toys onto soccer field for children affected by earthquakes in Turkey and Syria
- Meet the school custodian who has coached the chess team to the championships
- Pregnant Rihanna Will Lift You Up at the 2023 Oscars With a Performance
- 1 million migrants in the US rely on temporary protections that Trump could target
- Why Fans Think Sam Smith Is Appearing on And Just Like That... Season 2
Ranking
- Fire crews on both US coasts battle wildfires, 1 dead; Veterans Day ceremony postponed
- Showbiz knucklehead Pete Davidson explains himself – again – in 'Bupkis'
- Paris Hilton Shares First Photos of Her Baby Boy Phoenix's Face
- Jill Biden seeks more aid for East Africa in visit to drought-stricken region
- Justice Department sues to block UnitedHealth Group’s $3.3 billion purchase of Amedisys
- Why Dierks Bentley Feels Like He Struck Gold With His Family and Career
- 'Yellowface' takes white privilege to a sinister level
- 'Succession,' Season 4, Episode 5, 'Kill List'
Recommendation
-
Pie, meet donuts: Krispy Kreme releases Thanksgiving pie flavor ahead of holidays
-
The White Lotus Season 2 Nearly Starred Evan Peters as THIS Character
-
The White Lotus Season 2 Nearly Starred Evan Peters as THIS Character
-
Charges against Alec Baldwin in the 'Rust' movie set shooting dropped for now
-
Michael Jordan and driver Tyler Reddick come up short in bid for NASCAR championship
-
Dame Edna creator Barry Humphries dies at age 89
-
CIA confirms possibility of Chinese lethal aid to Russia
-
Andy Cohen created a reality show empire but being a dad is his biggest challenge yet