Billionaire Home Depot Cofounder Bernard Marcus Dies At Age 95 [Forbes]
Home Depot, Inc. (The) (HD)
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Source: Forbes
Bernard “Bernie” Marcus, who grew up a son of poor Russian immigrants in Newark, New Jersey and went on to cofound and run home improvement chain The Home Depot, died on Monday at age 95. Statements from The Home Depot and The Marcus Foundation did not disclose his cause of death. As a result of his stock ownership in The Home Depot, Marcus became a billionaire in 1997. Forbes estimates his net worth at $11 billion. Marcus cofounded The Home Depot in 1978, when he was 49, with Arthur Blank after the two men were fired from regional hardware company Handy Dan Improvement Centers. Armed with financing secured by investment banker Ken Langone–the third Home Depot cofounder–Marcus and Blank opened their first two stores in Atlanta in 1979. Marcus served as the company's first CEO and then its chairman; he retired in 2002. Today, The Home Depot employs more than 500,000 people at some 2,300 stores in the U.S., Canada and Mexico, with 2023 revenues of nearly $153 billion. Marcus an
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- Bernie Marcus, The Home Depot co-founder and billionaire philanthropist, dies at 95 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Home Depot co-founder Bernie Marcus dies at 95 [CBS News]CBS News
- Home Depot co-founder Bernie Marcus dies at 95 [CBS News]CBS News
- Bernie Marcus, Home Depot co-founder and billionaire philanthropist, dies at 95 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Bernie Marcus, The Home Depot co-founder and billionaire philanthropist, dies at 95 [Yahoo! Finance Canada]Yahoo! Finance Canada
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