Bernard “Bernie” Marcus, co-founder of Home Depot and Republican Party mega-donor, has passed away at the age of 95. During his life, Marcus amassed a net wealth of around $7.4 billion and, along with Arthur Blank—the owner of Atlanta’s professional football franchise, the Atlanta Falcons—launched The Home Depot in 1978. Today, the company boasts 2,300 locations with a total market capitalization of around $400 billion and is one of the United States’s leading home improvement retailers.
Born in Newark, New Jersey, in 1929, Marcus was the youngest of four children of Russian Jewish immigrants. He pursued a degree in merchandising and marketing at Rutgers University, which led him into the retail sector. It was while working at Handy Dan Home Improvement in California that Marcus met Blank. After being dismissed from their jobs due to a management change, the two devised a plan to create a new type of home improvement store that would surpass existing options.
Marcus served as Home Depot’s CEO until 1997 and remained chairman until his retirement in 2002. The company’s roots are in Atlanta, where Marcus and his wife Billi were recognized for their philanthropic contributions. These include founding the Marcus Autism Center at Emory University and a substantial donation of $250 million towards the Georgia Aquarium in 2005.
A vocal Republican supporter, Marcus contributed financially to numerous political campaigns, including those of President Donald J. Trump and Governor Ron DeSantis (R-FL). He frequently appeared on networks like Fox News to discuss his political views, particularly his concern over what he perceived as the rise of socialism. He also expressed concerns about declining work ethic and free speech in the United States. […]
— Read More: thenationalpulse.com
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