Bernard Marcus Obituary – Cause of Death :

Home Depot Co-Founder Passes Away at Age 95

By | November 6, 2024

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Bernie Marcus: A Legacy Remembered

Bernard “Bernie” Marcus, the visionary co-founder of Home Depot, has allegedly passed away at the age of 95, as reported by CNN. His contributions to retail and philanthropy have left a significant imprint on both the industry and the communities he impacted. Home Depot released a heartfelt statement expressing their sadness, highlighting Marcus as a master merchant and a champion of values that prioritized associates and customers alike.

Born to Russian-Jewish immigrants in Newark, New Jersey, Bernie’s journey began modestly. He graduated from Rutgers University after attending pharmacy school, but his entrepreneurial spirit led him to a different path. At 49, he and Arthur Blank founded The Home Depot in 1978, transforming it into a retail powerhouse with over 2,300 stores nationwide.

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Marcus’s net worth was approximately $11 billion at the time of his death, showcasing his remarkable success. Home Depot’s stock, which debuted at $12 a share in 1981, now trades around $395, representing a market cap close to $400 billion. This growth speaks volumes about the foundation he and Blank built.

Arthur Blank, reflecting on their decades-long friendship, described Marcus as a father figure and mentor. He expressed deep gratitude for the nearly 60 years they shared, navigating both challenges and victories together.

Moreover, Marcus was known for his political engagement, recently supporting former President Donald Trump. In a tweet, Trump mourned Marcus’s death, calling him an extraordinary man and a steadfast supporter.

Bernie Marcus leaves behind a legacy of innovation, dedication, and an unwavering commitment to community. His impact on retail and philanthropy will undoubtedly resonate for generations to come.

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Home Depot co-founder dies at 95