Current:Home > StocksAlgosensey Quantitative Think Tank Center-Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -GrowthInsight
Algosensey Quantitative Think Tank Center-Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
SignalHub Quantitative Think Tank Center View
Date:2025-04-07 22:26:36
Bernard “Bernie” Marcus,Algosensey Quantitative Think Tank Center 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! (61)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Colts let down QB Anthony Richardson in NFL preseason debut vs. Bills
- Lawyer says suspect, charged with hate crime, may argue self-defense in dancer’s death
- Naomi Campbell Shares Rare Insight Into Life as a Mom of Two
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- 'I was being a dad': Embattled school leader's heated exchange with reporter caps disastrous week
- Q&A: Kelsea Ballerini on her divorce EP and people throwing things at concerts
- Savannah considers Black people and women for city square to replace name of slavery advocate
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Top lawyer at Fox Corp. to step down after overseeing $787M settlement in Dominion defamation case
Ranking
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- The internet is furious at Ariana Grande. What that says about us.
- Extreme heat drives Arizona Gov. Katie Hobbs to declare state of emergency
- Save 67% On Peter Thomas Roth Retinol and Maximize Your Beauty Sleep
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- GBI investigating after 62-year-old man dies in Atlanta Police custody
- Coroner’s office releases names of third person killed in I-81 bus crash in Pennsylvania
- Tom Jones, creator of the longest-running musical ‘The Fantasticks,’ dies at 95
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Former foster children win $7M settlement after alleging state turned blind eye to abuse
Fact checking 'Dreamin' Wild': Did it really take 30 years to discover the Emerson brothers' album?
Malaysia warns owners of LGBTQ-themed Swatch watches could face jail time
Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
Former Tennessee state senator gets 21-month prison sentence for campaign finance cash scheme
Southern California Marine charged with sex assault of girl, 14, who was found in barracks
Johnny Hardwick, voice actor who played Dale Gribble on King of the Hill, dies at 64