Bernard “Bernie” Marcus, the co-founder of Home Depot and a renowned philanthropist, has passed away at the age of 95.
The announcement came from the home improvement retailer on Tuesday, marking the loss of a key figure who helped transform the retail industry. Known not only for his pivotal role in building Home Depot into a household name but also for his extensive philanthropic efforts, Marcus left an indelible mark on both business and charity. His legacy continues to inspire many within and beyond the corporate world.
“The entire Home Depot family is deeply saddened by the death of our co-founder Bernie Marcus. We owe an immeasurable debt of gratitude to Bernie. He was a master merchant and a retail visionary,” Atlanta-based Home Depot said in a statement. “But even more importantly, he valued our associates, customers and communities above all. He’s left us with an invaluable legacy and the backbone of our company: our values and culture.”
According to a company spokesperson, he passed away on Monday at his home in Boca Raton, Florida, with his family by his side.
Bernie Marcus, a billionaire and prominent donor to Republican politicians, built an impressive fortune through his work as co-founder of The Home Depot. In 1978, Marcus teamed up with Arthur Blank to launch the hardware chain, which grew under their leadership into one of the largest retailers in the U.S.
Today, Home Depot operates more than 2,300 stores and employs over half a million people. Marcus served as the company’s CEO until 1997, continuing as chairman until his retirement in 2002. Blank, who held roles as president, CEO, and co-chairman, retired from Home Depot in 2001. Together, they transformed the company into a powerhouse in the home improvement industry, shaping the way Americans approach DIY projects and home renovations.
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