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Home Depot co-founder Bernie Marcus has died
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Home Depot co-founder Bernie Marcus has died

Bernie Marcus, the co-founder of Home Depot, has died at the age of 95.

Marcus, who grew up in New Jersey, was the youngest son of poor Russian immigrants and became a self-made billionaire with a net worth of more than $11 billion, according to Forbes, after co-founding the home improvement chain with Arthur Blank in 1978, with the backing of investor Ken Langone.

The home depot

Home Depot co-founder Bernie Marcus. (Marcus Foundation)

Marcus, who is a longtime donor to the Republican National Committee according to federal election records, was an early supporter of former President Donald Trump.

In one of his final interviews in November 2023, Marcus spoke with FOX Business senior correspondent Charlie Gasparino in a wide-ranging interview in which he lambasted President Biden’s economic policies for exacerbating the price increases consumers are facing.

Ticker Security Last Change Change %
HD THE HOME DEPOT INC. 395.57 +2.98

+0.76%

“I never expected what we are experiencing,” Marcus said of Biden at the time. “Every morning I wake up and say, ‘What’s this dumbass going to do today?'”

“He reduced drilling, he caused inflation, inflation caused every other problem for every businessman, for every American,” Marcus said. “And the people he was supposed to represent – ​​the poor people, the middle class – are being murdered today.”

FULL INTERVIEW: CO-FOUNDER OF HOME DEPOT BERNIE MARCUS

Marcus and his wife Billi, who founded the Marcus Foundation, have given more than $2 billion to various charities.

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The couple is also part of “The Giving Pledge” along with Warren Buffett, Bill Gates, Elon Musk and other wealthy individuals. The organization supports philanthropists who commit to donating a majority of their assets to charity.

Home Depot went public in 1981 at $12 per share and is trading around $395 per share as of Tuesday. It has more than 2,000 stores and employs more than 500,000.