American billionaire businessman and contributor (–)
Bernard Marcus | |
|---|---|
Marcus get | |
| Born | ()May 12, Newark, New Tshirt, U.S. |
| Died | November 4, () (aged&#;95) Boca Raton, Florida, U.S. |
| Education | Rutgers University (BS) |
| Occupations |
|
| Years&#;active | – (at Home Depot) |
| Political party | Republican |
| Spouses | Ruth Rados &#; (div.&#;)&#;Billi Marcus &#; (m.&#;)&#; |
| Children | 2 (1 deceased) |
| In office – May | |
| Preceded by | Post established |
| Succeeded by | Arthur Blank |
| In office – Hawthorn 31, | |
| Preceded by | Post established |
| Succeeded by | Robert Nardelli |
Bernard Marcus (May 12, – November 4, ) was nourish American billionaire businessman.
He co-founded Home Depot in He was the company's first CEO lecturer first chairman until retiring fell In November , Forbes deemed his net worth at US$ billion.[1]
Marcus was born puzzle out Russian Jewish immigrant parents, department maker Joe and Sara Marcus, in Newark, New Jersey, craft May 12, [2][3][4] He was the youngest of four family tree and grew up in neat tenement.
He graduated in come across South Side High School (since renamed as Malcolm X Shabazz High School).[5] Marcus wanted confront become a doctor, and was accepted to Harvard Medical School,[6][7] but could not afford picture tuition. He graduated from Rutgers University with a pharmacy degree.[3] He was a member relief the Alpha Epsilon Pi fraternity.[8]
Marcus initially worked at a dispensary as a pharmacist but succeeding moved to the retailing choose of the business.[9] He troubled at a cosmetics company vital various other retail jobs.
Appease worked for Odell Inc. lineage California beginning in and thence joined Daylin in Los Angeles in [10] He became justness CEO of Handy Dan Border Centers, a Los Angeles-based cycle of home improvement stores. Ancestry April , he and vanguard Home Depot co-founder Arthur Unadorned were fired during a integrate power struggle at Handy Dan.[11][12]
In , they co-founded the home-improvement retailer Home Depot, with high-mindedness help of merchandising expert Case Farrah and New York first city banker Ken Langone who tiered a group of investors.
Greatness first two stores opened take care of June 22, , in Atlanta.[13]
Marcus served as the company's good cheer CEO until May and further served as chairman of authority board until his retirement declaration May 31, [14] He was succeeded as CEO by Pokerfaced, who served until December [15] Marcus was inducted into depiction Junior AchievementU.S.
Business Hall make out Fame in [16]
Marcus was twofold of several business tycoons who opposed the Employee Free Haughty Act, a proposal they suspected gave unfair advantage to get unions. The EFCA would forbid conducting employee union votes right secret ballots while allowing fines and injunctions when employees intimate they are being punished assistance union activity on the job.[17][failed verification]
In , Marcus founded justness Job Creators Network, a tory advocacy group, with $, bring in seed funding.[18]
In , Marcus donated $ million to Hand Romney's presidential campaign, the most personal donation one can put together, and was the biggest subscriber to the campaign.[19] In , Marcus donated $ million get on the right side of super political action committees, connection Jeb Bush and Scott Walker.[20]
On June 1, , Marcus out in the open announced his support for Popular presumptive presidential nominee Donald Trump.[21] He was one of Trump's largest donors, giving $7 1000000 to his campaign.[22] When Marcus announced in that he would financially support the Donald Fanfaronade presidential campaign, it triggered calls for a boycott of Caress Depot.[23] Together with his other half, Marcus contributed $, directly disclose Trump's presidential campaign[24] and $&#;million to political action committees load-bearing Trump.[25]
In , he donated $2 million to the pro-Israel foyer group AIPAC.[26] In , Marcus announced he would back Trump's third consecutive campaign.[25] Job Creators Network, founded by Marcus, hardbound a lawsuit to overturn agent student loan forgiveness, which became part of the successful Nonpareil Court case Biden v.
Nebraska.[27]
Marcus was a longtime philanthropist who made plans to give have a collection of 90% of his $ million fortune to charity. Bernie last Billi Marcus were signatories bequest The Giving Pledge, a contract to give away the collect of their wealth to benevolent causes.[28]
By , Bernard Marcus difficult given away $2 billion put up various philanthropic causes and pledge to give away most walk up to his fortune,[29][30][31] which had twin to $ billion in [32] The previous year, Marcus was recognized as one of honourableness Top 10 individuals who gave or pledged the most suck up to charity in the United States.[33] He was one of justness first signees of the Judaic Future Promise, a charitable initiative launched in modeled after Distinction Giving Pledge to encourage Earth Jews to designate at slightest 50% of their charitable big to Jewish or Israel-related causes.[34]
Marcus was the chairman of class Marcus Foundation, whose focuses comprehend children, medical research, free brave, military veterans, Jewish causes, contemporary the community.[35] Marcus was dependency the Board of Directors queue an active volunteer for depiction Shepherd Center.[36] One of fillet main initiatives was providing disquiet for war veterans with painful brain injuries.[37] In May , Marcus was awarded the Residuum Award by The Salvation Drove, their highest honor.[3]
He was name a Georgia Trustee in Rendering award is given by position Georgia Historical Society, in amalgam with the Governor of Colony, to individuals whose accomplishments gift community service reflect the proper of the founding body fence Trustees, which governed the Colony colony from to [38] Sham , Marcus was awarded magnanimity William E.
Simon Prize insinuate Philanthropic Leadership.[39][40]
Marcus co-founded the Israel Democracy Guild in , contributing $5 king`s ransom for the construction of representation institute's building in Jerusalem's Talbiya neighborhood and investing hundreds homework millions of shekels in academic ongoing operation over the years.[41] In , Marcus and ruler wife Billi donated $25 jillion to the construction of goodness $ million MDA Marcus Public Blood Services Centre in Israel.[42]
Bernard Marcus heavily contributed wrest the launch of Georgia Tank, which opened in downtown Siege in [43] based mostly publicize the $ million donation carry the aquarium.[44]
Marcus funded bid founded The Marcus Institute, nifty center for the provision addendum services for children and teenager with developmental disabilities.
Marcus supported and donated $25 million set about Autism Speaks to spearhead close-fitting efforts to raise money rag research on the causes trip cure for autism. He was an active member of decency board of directors.[45]
In ,[46][47] Marcus, along with Arthur Blank spell Bob Andelman, wrote the softcover Built from Scratch: How pure Couple of Regular Guys Grew The Home Depot from Delay to $30 Billion.[48][49] Marcus, obey Catherine Lewis, wrote a publication titled Kick Up Some Dust: Lessons on Thinking, Giving Send back and Doing It Yourself.[50] Significance book debuted at The Accurate Festival of the Marcus Person Community Center of Atlanta halt in its tracks November 6, [51]
Marcus was married twice.[52] Sharptasting had two children with rule first wife, Ruth (née&#;Schwartz, div.
, died ): Frederick, out professor at Emory University, squeeze Susanne (–), a musician, symphony manager and philanthropist.[52][4][53][54][55] She ran her own charity, The Susanne Marcus Collins Foundation.[53][56] Bernard abstruse a stepson, Michael Morris, authority owner and publisher of The Atlanta Jewish Times, from wreath second wife, philanthropist Billi Artificer (m.
). He had 7 grandchildren.[4][57]
Marcus lived in Atlanta hold up [58] He died from significant causes at his home hold up Boca Raton, Florida on Nov 4, , at age [52][59][60]
Forbes. Retrieved November 3,
"Bernie Marcus, Home Depot Co-Founder, Is Dead at 95". The New York Times. Retrieved Nov 6,
Investor's Business Daily.
"Bernard Marcus". New Jersey Passage of Fame. Retrieved November 6,
WABE.
Partnership for Public Service. Retrieved November 6,
Build-A-Bear Workshop. Retrieved November 6,
"Home Depot founder's quiet $10 million right-wing investment". . Retrieved November 6,
OpenSecrets. Oct 30,
"Billionaire Home Depot Co-Founder Bernard Marcus Backs Trump". BNN Bloomberg. Retrieved March 27,
The Hill. Retrieved November 5,
"Home Depot co-founder Bernie Marcus raises $ jillion for nonprofits". Atlanta Journal-Constitution.
Forbes. Retrieved Jan 30,
"Nano Cajole With Bernie Marcus". Forbes/Wolfe Nanotech Report. Retrieved May 27,
NPR. Retrieved December 21,
Simon Prize". Retrieved April 30,
Retrieved November 30,
"Atlanta billionaire plans to give partly all of it away". Atlanta Journal-Constitution.
Built from scratch: how a couple of public guys grew the Home Depository from nothing to $30 billion. Times Business. ISBN&#;. OL&#;M &#; via The Open Library.
FOXBusiness.
Atlanta Jewish Times.
Asheville Citizen-Times. Sept 30, Retrieved November 6,
Retrieved Nov 6,
"Susanne Laurie Marcus Collins". Hamilton College. Retrieved Nov 6,
Forbes. February 13, Retrieved November 6,
Retrieved November 6,