Bernie Marcus, Home Depot Co-Founder, Allegedly Passes Away at 95

It’s being reported that Bernard “Bernie” Marcus, the billionaire co-founder of Home Depot, has died at the age of 95. According to sources, Marcus passed away peacefully in Boca Raton, Florida, with family by his side. He was a monumental figure in the world of retail, transforming Home Depot into the largest home improvement chain globally.

During his tenure, Marcus served as Home Depot’s CEO and later as chairman until his retirement in 2002. He was instrumental in the company’s explosive growth, which saw it go public in 1981 and expand to over 2,000 stores employing more than 500,000 people today. His vision for a one-stop shop for DIY enthusiasts, along with his partnership with Arthur Blank, helped lay the foundation for what would become a retail giant.

Home Depot’s statement reflecting on Marcus’s legacy highlights his dedication to associates, customers, and communities. They described him as a “master merchant and a retail visionary,” emphasizing the values he instilled in the company. Born to Russian Jewish immigrants in Newark, New Jersey, Marcus’s early life was marked by financial struggle, but he overcame these challenges to achieve great success.

Outside of his business accomplishments, Marcus was also known for his philanthropic efforts. He supported various charities and was pivotal in establishing the Georgia Aquarium. He was a notable political figure as well, reportedly donating nearly $5 million to the Republican Party between 2016 and 2020 and actively endorsing Donald Trump.

As news of his passing circulates, many are reflecting on the profound impact Marcus had on retail and philanthropy. His vision for Home Depot not only shaped the company but also revolutionized the home improvement industry.