Bernard Marcus

Businessman

Birthday May 12, 1929

Birth Sign Taurus

Birthplace Newark, New Jersey, U.S.

Age 94 years old

Nationality United States

#27096 Most Popular

1732

The award is given by the Georgia Historical Society, in conjunction with the Governor of Georgia, to individuals whose accomplishments and community service reflect the ideals of the founding body of Trustees, which governed the Georgia colony from 1732 to 1752.

1929

Bernard Marcus (born May 12, 1929) is an American billionaire businessman.

He co-founded The Home Depot.

1947

He graduated from South Side High School in 1947.

Marcus wanted to become a doctor, and was accepted to Harvard Medical School, but could not afford the tuition.

He graduated from Rutgers University with a pharmacy degree.

While there he joined the Alpha Epsilon Pi fraternity.

Marcus worked at a drugstore as a pharmacist but became more interested in the retailing side of the business.

He worked at a cosmetics company and various other retail jobs, eventually reaching a position as CEO of Handy Dan Improvement Centers, a Los Angeles-based chain of home improvement stores.

1978

In 1978, both he and future Home Depot co-founder Arthur Blank were fired during a corporate power struggle at Handy Dan.

In 1978, they co-founded the home-improvement retailer The Home Depot, with the help of merchandising expert Pat Farrah and New York investment banker Ken Langone who assembled a group of investors.

1979

The first two stores opened on June 22, 1979 in Atlanta.

The store revolutionized the home improvement business with its warehouse concept.

Blank, Marcus, and Langone became billionaires.

1991

Marcus co-founded the Israel Democracy Institute in 1991, contributing $5 million for the construction of the institute's building in Jerusalem's Talbiya neighborhood and investing hundreds of millions of shekels in its ongoing operation over the years.

2002

He was the company's first CEO and first chairman until retiring in 2002.

Bernard (Bernie) Marcus was born to Russian Jewish immigrant parents in Newark, New Jersey.

He was the youngest of four children and grew up in a tenement.

Marcus served as the company's first CEO for 19 years and also served as chairman of the board until his retirement in 2002.

2005

In May 2005, Marcus was awarded the Others Award by the Salvation Army, its highest honor.

2006

Marcus was inducted into the Junior Achievement U.S. Business Hall of Fame in 2006.

Marcus is one of several business tycoons who opposed the Employee Free Choice Act, a controversial proposal they claim gives unfair advantage to labor unions.

The EFCA would outlaw conducting employee union votes with secret ballots while allowing fines and injunctions when employees show they are being punished for union activity on the job.

2009

He was named a Georgia Trustee in 2009.

2010

In 2010, Marcus founded the Job Creators Network, a conservative advocacy group, with $500,000 in seed funding.

2012

In 2012, Marcus was awarded the William E. Simon Prize for Philanthropic Leadership.

2015

In 2015, Marcus donated $1.5 million to Super PACs supporting Jeb Bush and Scott Walker.

2016

On June 1, 2016, Marcus publicly announced his support for Republican presumptive presidential nominee Donald Trump.

He was one of Trump's largest donors, giving $7 million to his campaign.

In 2016, Marcus and his wife Billi donated $25 million to the construction of the $133 million MDA Marcus National Blood Services Centre in Israel.

2019

When Marcus announced in 2019 that he would financially support the Donald Trump 2020 presidential campaign, it triggered calls for a boycott of Home Depot even though Marcus was no longer with the company.

In 2023 Marcus backed Trump's third consecutive campaign, regardless of whether he is convicted of crimes related to attempting to overthrow the 2020 democratic election.

Marcus is a longtime philanthropist who plans to give away 90% of his $5.9 billion fortune to charity.

Bernie and Billi Marcus are signatories of The Giving Pledge, a commitment to give away the majority of their wealth to philanthropic causes.

As of 2019, he has given away $2 billion to various philanthropic causes and has pledged to give away most of his $5.9 billion fortune.

2020

Regardless, after a short drop to $4.6 billion in 2020, his wealth has doubled back to $9.8 billion in 2024.

Marcus was one of the first signees of the Jewish Future Pledge, a charitable campaign launched in 2020 modeled after The Giving Pledge to encourage American Jews to designate at least 50% of their charitable giving to Jewish- or Israel-related causes.

Marcus is chairman of the Marcus Foundation, whose focuses include children, medical research, free enterprise, military veterans, Jewish causes and the community.

Marcus is on the Board of Directors and an active volunteer for the Shepherd Center.

One of his main initiatives is providing care for war veterans with traumatic brain injuries.