Stock market data from official exchanges

Billionaire Home Depot Co-Founder and Philanthropist Bernie Marcus Dies at 95

Nov 5, 2024, 02:42 PM

Bernard "Bernie" Marcus, co-founder of The Home Depot and a prominent philanthropist and Republican megadonor, has died at age 95. With an estimated fortune of $7.4 billion, Marcus co-founded The Home Depot in 1978 at nearly 50 years old, after beginning his career as a pharmacist. Serving as its first CEO for 19 years and as chairman until his retirement in 2002, he led the company to become the world’s largest home-improvement retailer, revolutionizing the industry. Marcus was a major donor to Jewish causes and was known for his support of small businesses and free-market principles. An ardent supporter of former President Donald Trump, he was also recognized for his philanthropy, including funding the creation of the Georgia Aquarium in Atlanta, one of the largest aquariums in the world. Home Depot announced his death on its website, calling him "a master merchant and a genius with customer service" and stating, "We owe an immeasurable debt of gratitude to Bernie." Tributes have poured in from business leaders and political figures, praising his entrepreneurial spirit and contributions to American industry.