Current:Home > NewsHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -MoneyStream
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
View
Date:2025-04-25 20:43:07
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! (95)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Which NFL teams would be best fits for Jim Harbaugh? Ranking all six openings
- Flying on United or Alaska Airlines after their Boeing 737 Max 9 jets were grounded? Here's what to know.
- Georgia passes Michigan, Alabama in early 2025 CFP National Championship odds
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Kremlin foe Navalny, smiling and joking, appears in court via video link from an Arctic prison
- What to know about the blowout on a Boeing 737 Max 9 jet and why most of the planes are grounded
- U.S. cut climate pollution in 2023, but not fast enough to limit global warming
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- This Amika Hair Mask Is So Good My Brother Steals It From Me
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Selena Gomez Announces Social Media Break After Golden Globes Drama
- Killing of Hezbollah commander in Lebanon fuels fear Israel-Hamas war could expand outside Gaza
- As DeSantis and Haley face off in Iowa GOP debate, urgency could spark fireworks
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Georgia passes Michigan, Alabama in early 2025 CFP National Championship odds
- As the Senate tries to strike a border deal with Mayorkas, House GOP launches effort to impeach him
- Iowa Gov. Kim Reynolds focuses on education, health care in annual address
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
4th child dies of injuries from fire at home in St. Paul, Minnesota, authorities say
All the movies you'll want to see in 2024, from 'Mean Girls' to a new 'Beverly Hills Cop'
Full House Cast Honors Bob Saget on 2nd Anniversary of His Death
Current, future North Carolina governor’s challenge of power
Product recall: Over 80,000 Homedics personal massagers recalled over burn and fire risk
Preserving our humanity in the age of robots
This Avengers Alum Is Joining The White Lotus Season 3