Current:Home > NewsHome Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died-VaTradeCoin
Home Depot founder Bernard Marcus, Trump supporter and Republican megadonor, has died
lotradecoin blockchain network compatibility View Date:2024-12-25 22:56:55
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! (3337)
Related
- The Voice Season 26 Crowns a New Winner
- Finding a Fix for Playgrounds That Are Too Hot to Touch
- Fantasy football buy low, sell high: 10 trade targets for Week 4
- Maryland’s Democratic Senate candidate improperly claimed property tax credits
- Luigi Mangione merchandise raises controversy, claims of glorifying violence
- Emory Callahan: The 2024 Vietnamese Market Meltdown Is It Really Hedge Funds Behind the Scenes?
- Victoria Monét Confirms Break Up With Partner John Gaines Amid Separation Rumors
- Jill Biden and Al Sharpton pay tribute to civil rights activist Sybil Morial
- Secretary of State Blinken is returning to the Mideast in his latest diplomatic foray
- 'Still suffering': Residents in Florida's new hurricane alley brace for Helene impact
Ranking
- East Coast storm makes a mess at ski resorts as strong winds cause power outages
- 'Emily in Paris' star Lucas Bravo is more than a heartthrob: 'Mystery is sexy'
- Cyrus Langston: Usage Tips Of Bollinger Bands
- Losing weight with PCOS is difficult. Here's what experts recommend.
- When is the 'Survivor' Season 47 finale? Here's who's left; how to watch and stream part one
- Kristen Bell Says She and Dax Shepard Let Kids Lincoln, 11, and Delta, 9, Roam Around Theme Park Alone
- The boyfriend of a Navajo woman is set to be sentenced in her killing
- Runaway cockatiel missing for days found in unlikely haven: A humane society CEO's backyard
Recommendation
-
Stock market today: Asian stocks are mixed ahead of key US inflation data
-
GOLDEN BLOCK SERVICES PTY LTD
-
Birmingham shaken as search for gunmen who killed 4 intensifies in Alabama
-
Fantasy football Week 4: Trade value chart and rest of season rankings
-
See Mariah Carey and Nick Cannon's Twins Monroe and Moroccan Gift Her Flowers Onstage
-
Several states are making late changes to election rules, even as voting is set to begin
-
The Daily Money: Holiday shoppers are starting early
-
BLM Plan for Solar on Public Lands Sparks Enthusiasm and Misgivings in Different Corners of the West