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:2025-01-11 13:49:39
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! (8)
Related
- 25 monkeys caught but more still missing after escape from research facility in SC
- Christian Wilkins, Raiders agree to terms on four-year, $110 million contract
- Kim Mulkey crossed line with comments on LSU, South Carolina players fighting
- After deadly Highway 95 crash in Wisconsin, bystander rescues toddler from wreckage
- Mike Tyson vs. Jake Paul referee handled one of YouTuber's biggest fights
- Connecticut woman accused of killing husband and hiding his body pleads guilty to manslaughter
- Olympic Gymnast Nastia Liukin Reveals Her Advice to Team USA Before 2024 Paris Games
- Mother of child Britt Reid injured during DUI speaks out after prison sentence commuted
- Police cruiser strikes and kills a bicyclist pulling a trailer in Vermont
- GM, Chevrolet, Nissan, Porsche among 1.2 million vehicles recalled: Check car recalls here
Ranking
- Sister Wives’ Meri Brown Shares Hysterical Farmers Only Dating Profile Video After Kody Split
- If Ted Leonsis wants new arena for Wizards, Capitals, he and Va. governor need to study up
- Olympian Scott Hamilton Shares Health Update After 3rd Brain Tumor Diagnosis
- Saquon Barkley spurns Giants for rival Eagles on three-year contract
- Trump on Day 1: Begin deportation push, pardon Jan. 6 rioters and make his criminal cases vanish
- Brother of LSU basketball player Flau'jae Johnson arrested after SEC title game near-brawl
- Selena Gomez's revealing documentary gave her freedom: 'There wasn't any hiding anymore'
- This Tarte Concealer Flash Deal is Too Good to Gatekeep: Get an $87 Value Set for Just $39
Recommendation
-
Spirit Airlines cancels release of Q3 financial results as debt restructuring talks heat up
-
17 Must-Have Items From Amazon To Waterproof Your Spring Break
-
How a wandering white shark’s epic journey could provide clues for protecting them
-
Buffalo Wild Wings 'beat the buffalo' challenge among free wings, deals for March Madness
-
Disney x Lululemon Limited-Edition Collection: Shop Before It Sells Out
-
US, Canada and indigenous groups announce proposal to address cross-border mining pollution
-
LinkedIn goes down on Wednesday, following Facebook outage on Super Tuesday
-
Cincinnati Bengals releasing Pro Bowl RB Joe Mixon, will sign Zack Moss, per reports