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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, co-founder of Home Depot, he 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 founding the home improvement chain with Arthur Blank in 1978, with the backing of investor Ken Langone.

The Home Depot

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

Marcus, 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 last interviews in November 2023, Marcus spoke with FOX Business Senior Correspondent Charlie Gasparino in a wide-ranging interview in which he exploded President Biden’s economic policies for exacerbating the price increases faced by consumers.

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

+0.76%

“I never anticipated anything like what we’re going through,” Marcus said of Biden at the time. “I wake up every morning and say, ‘What’s this bastard going to do today?'”

“He’s cut drilling, he’s caused inflation, inflation has caused every other problem for every businessman, for every American,” Marcus said. “And the people he’s supposed to represent — the poor people, the middle class — are going to be killed today.”

FULL INTERVIEW: HOME DEPOT CO-FOUNDER BERNIE MARCUS

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

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

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