Bernie Marcus, Co-Founder of Home Depot, Allegedly Dies at 95

It’s being reported that Bernard “Bernie” Marcus, the visionary co-founder of Home Depot, has passed away at the age of 95 on U.S. Election Day. While this news is still making waves, the impact he had on retail and philanthropy is undeniable. Known for his significant donations to Republican politicians and his support for Donald Trump, Marcus left a legacy that transcends mere business success.

The Home Depot family shared a heartfelt statement, saying, “Bernie was an inspiration in many ways. He was a master merchant and a genius with customer service… He also loved the associates who made the company what it is today.” It’s clear that Marcus wasn’t just about profits; he genuinely cared about the people behind the scenes. He believed in giving back, and his philanthropic work was a testament to that belief.

Marcus, along with Arthur Blank, launched Home Depot in 1978, transforming the retail landscape. Today, the chain operates over 2,300 stores and employs more than 500,000 people. It’s a remarkable journey, especially considering that Bernie started his career in a tenement in Newark, New Jersey, born to Russian Jewish immigrants. He had a knack for retail from the get-go, eventually leading Handy Dan Improvement Centers before venturing out to create Home Depot.

His entrepreneurial spirit was ignited after he was fired from Handy Dan, sparking the idea of a one-stop shop for do-it-yourself enthusiasts. Thanks to financial backing from investment banker Ken Langone, Home Depot was born, and the rest is history.

Beyond business, Bernie and his wife Billi were deeply committed to philanthropy. They joined the Giving Pledge in 2010, promising to donate most of their wealth during their lifetimes. The Marcus Foundation continues this mission, focusing on Jewish causes, children, and medical research.

While the news of Bernie Marcus’s passing is still circulating, his contributions to both business and society are likely to be remembered for generations to come. The Home Depot family and the community will surely miss this remarkable man.