NEW YORK (AP) — Bernard “Bernie” Marcus, the co-founder of The Home Depot, a billionaire philanthropist, and a big Republican donor, has died. He was 95.
NEW YORK — Bernard “Bernie” Marcus, the co-founder of The Home Depot, a billionaire philanthropist, and a big Republican donor, has died. He was 95.
Marcus was Home Depot's CEO as it grew rapidly during its first two decades, and was chairman of the board until his retirement in 2002. Home Depot is now the world’s largest home improvement chain. In recent years, he became an outspoken supporter of former President Donald Trump. The son of Russian Jewish immigrants, Marcus was born in 1929 and grew up in a tenement in Newark, New Jersey, according to a biography on the company's website. Marcus had aspirations of becoming a doctor, but his family couldn't afford medical school and he endeavored to become a pharmacist, receiving a degree from Rutgers University. Marcus used to say he'd skip classes to sell Amana freezers door-to-door, according to Home Depot.
The big moment in his career arrived after he was fired by Handy Dan in 1978, along with Blank. Marcus had dreamt of a one-stop shop for do-it-yourselfers. At age 49, Marcus, along with Blank, founded Home Depot. Investment banker Ken Langone helped to secure financing to get The Home Depot started, according to the company.
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