A billionaire businessman from the United States, Bernard “Bernie” Marcus. On May 12, 1929, he was born in Newark, New Jersey. He retired as chairman and CEO of The Home Depot in 2002 after having cofounded the company with Arthur Blank.
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Bernie Marcus’ Net Worth
American business magnate and philanthropist Bernard Marcus is estimated to be worth $6.2 billion. The amount of money he has amassed places him among the top earners in Georgia. Bernard Marcus earned his Pharm.D. from Rutgers University and was born in Newark, N.J. He became a cabinetmaker to finance his education. Check this Bud Grant Net Worth.
He had planned on becoming a pharmacist, but after working in retail for a while, he realized that he preferred that aspect of the business. A disagreement with the board led to his dismissal and that of a colleague from his time as CEO of Handy Dan Improvement Centers.
Together, they started The Home Depot back in 1979. He led the company as CEO until 1998 and as Chairman of the Board until 2002.
'Woke people have taken over': Home Depot's billionaire co-founder Bernie Marcus is worried about capitalism https://t.co/QSETVRMx79
— National Post (@nationalpost) December 29, 2022
After leaving Home Depot, he has dedicated most of his time to philanthropic endeavors, such as establishing the Marcus Institute to aid children and young adults with developmental problems and donating $250 million to the Georgia Aquarium, the world’s largest aquarium.
Home Depot Co-Founder He Reflects On A Life Of Helping Others.
Co-founder of the largest home improvement retailer in the world, Bernard “Bernie” Marcus was committed to more than simply his work. We hope you like this Vinny Guadagnino’s Net Worth.
While working to grow The Home Depot to its present market valuation of more than $288 billion, Marcus became a philanthropic icon by founding organizations and funding initiatives that aim to improve the lives of people all over the world.
Marcus told FOX Business that he was motivated to “look for solutions where there are no solutions,” whether that meant aiding veterans with post-traumatic stress disorder (PTSD) and traumatic brain injuries (TBI), establishing one of the largest autism centers in the United States, or assisting a physician in launching crucial bone marrow transplant research.
“Miracles never end,” Marcus declared. He was promoting his new book, “Kick Up Some Dust: Lessons on Thinking Big, Giving Back, and Doing It Yourself,” when FOX Business met up with him. I’m 93 years old, and I plan to keep going until the Lord takes me out. Check this Bernard Arnault Net Worth.
Poor As Church Mice
Marcus was born to Russian immigrants who immigrated to the United States in pursuit of better opportunities and landed in a four-story walk-up tenement in Newark, New Jersey.
He recounted that his family was “poor as church mice,” and that he had to start working when he was 11 years old to afford the clothing on his back. He had worked more than a dozen jobs by the time he was 15 and had even joined a gang.
“That certainly wasn’t the most convenient location. But, the reality is that we had each other “His words. “That’s right, we made it… In her own words, “This is the golden lantern,” my mom told me. You’re free to do whatever you choose in this space. This is a great country.”
His mother instilled in her children the value of helping others in need, no matter how difficult their circumstances.
She had the kids tuck their spare change into a blue box at the end of each day and mail it away “to aid those individuals that can’t take care of themselves.” “She would take money away from us,” he laughed. This realization influenced Marcus to take advantage of opportunities to be of service to others.
Savings lives
During the 1970s, when Marcus was working as the manager of the Handy Dan home improvement store in New Jersey, a worker informed him that he only had six weeks to live.
When asked about his decision to call the president of the City of Hope, an institution well-known for its clinical trials thanks to its membership in the National Comprehensive Cancer Network, Marcus claimed he made the call immediately. Marcus recalled that after they helped him, he lived for a very long time.
“After all, he was just like the rest of us. Those were his two offspring… The significance of what I was doing, perhaps saving a life, struck me deeply “- Marcus remarked. “It wasn’t something I did. They were successful. Still, I was able to get him where he needed to be at the correct moment.” Check this Tom Sandoval Net Worth.
Marcus donated to the City of Hope for the following three decades, and when a doctor requested funding to pioneer bone marrow transplants, he reportedly helped the charity’s board acquire the necessary funds and gave $5,000 out of his little savings.
Marcus recently stated to FOX Business that this medical breakthrough is now widely used in the treatment of many types of cancer all around the world.
To a business owner, “waiting for the quarterly reports, the annual reports are always exciting,” but “there’s nothing like the report that you get saving a human life,” he said.
His accountant’s son “screamed ceaselessly,” so in the 1990s, when he was searching for places for The Home Depot, he also looked for a hospital to treat him. He recalled that back then, autism was widely unknown.
Charitable Foundations
In response, in 1991 he established The Marcus Autism Center in Atlanta. The center provides families with children who have autism spectrum disorder with access to cutting-edge diagnostic and treatment services based on the latest scientific findings (ASD). Marcus, realizing how little was known about autism spectrum disorder (ASD), founded the advocacy organization Autism Speaks to change that.
Among the many organizations he has worked with and helped develop over the years is the Marcus Institute for Brain Health (MIBH) in Aurora, Colorado, which assesses and treats veterans exhibiting symptoms related to mild/moderate traumatic brain injury and associated psychological health disorders.
For free, he helps veterans, service members, and first responders throughout the country through the Gary Sinise Foundation’s Avalon Network for traumatic brain injury and post-traumatic stress.
The fact that “with the treatment that we administer, these people can go back to a normal life” is “kicking up dust,” Marcus remarked. “No sane person would ever initiate it. There’s a certain degree of insanity required. And some people have said I’m a little bit crazy.”