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Bernard Marcus, co-founder of The Home Depot and a prominent Republican megadonor, passed away at his home in Boca Raton, Florida, on Monday (November 4). He was 95. His death was confirmed by an official at his nonprofit group, the Jobs Creator Network, who stated that he died of natural causes.
Marcus, the son of Russian-Jewish immigrants, was born and raised in a tenement in Newark, New Jersey. He went on to co-found Home Depot with financier Ken Langone and businessman Arthur Blank. Today, Home Depot is one of the world's most recognizable brands, employing nearly half a million people across thousands of stores nationwide. The company's stock-market value tops $400 billion.
Marcus was a vocal advocate for free-market capitalism, often appearing on Fox News and Fox Business to discuss its potential to alleviate poverty. He was also a generous philanthropist, donating millions to charities and politicians who shared his belief in free-market solutions and the protection of entrepreneurs.
In addition to his business and philanthropic endeavors, Marcus was a significant political donor. As the 2024 election approached, he was preparing to support his friend, Donald Trump, in his bid for a second presidential term.
Marcus leaves behind a legacy of entrepreneurship, philanthropy, and political activism. His contributions to the retail industry and his advocacy for free-market capitalism have left a lasting impact.