Bernie Marcus, the co-founder of The Home Depot and a billionaire philanthropist, passed away at the age of 95 in Boca Raton, Florida.
He played a significant role in the growth of The Home Depot as its CEO during the company’s early years.
Driving the news: Born to Russian Jewish immigrants in 1929, Marcus rose to success in the business world despite humble beginnings in Newark, New Jersey.
- Alongside Arthur Blank, Marcus founded The Home Depot in 1979 with a vision of offering a one-stop shop for do-it-yourself enthusiasts.
- The company went public in 1981 and has since grown to operate over 2,000 stores with annual sales nearing $153 billion in 2023.
- Marcus’s philanthropic contributions extended to various charitable causes, Jewish organizations, medical research, and community initiatives.
