Home Depot co-founder Bernie Marcus has died

Bernie Marcus, co-founder of Home Depot, has died at the age of 95.

Raised in New Jersey, Marcus was the youngest son of poor Russian immigrants and became a self-made billionaire with a net worth of over $11 billion, as of Forbes, after founding the home improvement chain with Arthur Blank in 1978, with the backing of investor Ken Langone.

The Home Depot co-founder Bernie Marcus. (Marcus Foundation)

Marcus, a longtime donor to the Republican National Committee, was an early supporter of former President Donald Trump, according to federal election records.

In one of his last interviews in November 2023, Marcus spoke with FOX Business Senior Correspondent Charlie Gasparino in a wide-ranging interview blasting President Biden economic policies to exacerbate the price increase faced by consumers.

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

“He reduced drilling, he caused inflation, inflation caused every other problem for every businessman, for every American,” Marcus said. “And the people that he’s supposed to represent — the poor people, the middle class — they’re being killed today.”

FULL INTERVIEW: HOME DEPOT CO-FOUNDER, BERNIE MARCUS

Marcus and his wife Billi, who founded the Marcus Foundation, have given 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 individuals. The organization supports philanthropists who commit to giving the majority of their wealth to charity.

Home Depot went public in 1981 at $12 per share. share and trade around $395 per share. share from Tuesday. It has over 2,000 stores and employs more than 500,000.