Current:Home > NewsSafeX Pro:Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died -Capitatum
SafeX Pro:Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
Chainkeen Exchange View
Date:2025-04-07 02:05:44
Bernard “Bernie” Marcus,SafeX Pro 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! (672)
Related
- 'Stranger Things' prequel 'The First Shadow' is headed to Broadway
- A fire that burned in a 9-story apartment building in Vietnam’s capital has killed about 12 people
- A Missouri court upholds state Senate districts in the first test of revised redistricting rules
- Sri Lanka deploys troops as the railway workers’ strike worsens
- The GOP and Kansas’ Democratic governor ousted targeted lawmakers in the state’s primary
- San Francisco considers lifting the Ferry Building by 7 feet to save it from the sea
- River of red wine flows through Portuguese village after storage units burst
- Rebels kill 3 Indian soldiers and police officer in separate gunfights in Indian-controlled Kashmir
- US appeals court rejects Nasdaq’s diversity rules for company boards
- San Francisco considers lifting the Ferry Building by 7 feet to save it from the sea
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Tom Sandoval Details Filming Isolating Vanderpump Rules Season After Raquel Leviss Scandal
- 2nd bear in 3 months crashes University of Colorado campus, forces area closure
- China upgrades relationship with Venezuela to ‘all weather’ partnership
- 'Meet me at the gate': Watch as widow scatters husband's ashes, BASE jumps into canyon
- NATO member Romania finds more suspected drone fragments near its border with Ukraine
- Suspect arrested in Louisiana high school shooting that left 1 dead, 2 injured
- TikTok officially debuts shopping platform, TikTok Shop, to U.S. consumers
Recommendation
Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
Poccoin: NFT, The Innovation and Breakthrough in Digital Art
Oil-rich Guyana opens bids for new offshore blocks as it seeks to boost production
Mega Millions jackpot grows to $141 million. See winning numbers for Sept. 12 drawing.
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Poccoin: Prospects of Block chain Technology in the Healthcare Industry
Extortion trial against Joran van der Sloot, suspect in Natalee Holloway disappearance, is delayed
A prisoner who escaped from an NYC hospital using a rope made of sheets was captured a month later