Bernard Marcus Wiki Biography
Bernard Marcus, of Russian and Jewish descent, was born on May 12, 1929, in Newark, New Jersey, United States. He is a well-known American businessman and philanthropist around the world. He is also known for being a co-founder of the Home Depot corporation. He worked as a successful businessman from the 1970s until his retirement in 2012.
Have you ever wondered what Bernard Marcus’ net worth is? According to Forbes, he is one of Georgia’s wealthiest persons, with a net worth of approximately $3.9 billion. His success as a businessman and entrepreneur has been the main source of his money.
Bernard Marcus Net Worth $3.9 Billion
Bernard Marcus grew up in his hometown, where he attended South Side High School before enrolling at Rutgers University to study pharmacy. He also worked as a carpenter with his father. He was a member of the business fraternities “Alpha Epsilon Pi” (AEPi) and “Alpha Kappa Psi” while a student (AKPsi).
Bernard began working in the retail industry after graduating from university, and for a number of drug stores. Bernard served as a top executive at the Handy Dan Improvement Centers for a short period in the 1970s, but after a series of confrontations with his employers, he chose to leave the store in 1978.
Bernard went on to found Home Depot, a retailer of home renovation and construction materials, with a little aid from his buddy Arthur Blank and an investment banker named Ken Langone. They quickly opened their first two locations in Doraville and Decatur, and their firm quickly expanded across the United States. Bernard’s net worth increased as the company’s operations expanded, and he quickly became a billionaire.
Marcus served as the company’s CEO for 19 years, until 2002, when he decided to resign from the business and concentrate on the philanthropic side of a wealthy person’s life. He launched the Israel Democracy Institute in 1991, while he was already a well-known businessman and enjoying his wealth. Bernard contributed $5 million to the institute’s establishment in Jerusalem’s Talbiya district, and has since committed hundreds of millions of shekels in its ongoing operations.
He also gave over $200 million to the Georgia Aquarium in 2005, and The Chronicle of Philanthropy named him and his wife among the top charitable givers in the country as a result of that gift. He also founded the Marcus Institute, which is dedicated to providing education to children and adolescents with developmental difficulties. Bernard has also donated $25 million to the Autism Speaks organization in order to help them find a cure for the disease.
Marcus has received numerous honors for his humanitarian work, including the William E. Simon Prize for Philanthropic Leadership. He has been married twice in his personal life. He has two children, Fred and Suzanne, with his first wife, and he is a stepfather to Michael, whose mother is Bernard’s second wife, Billi.
| Net Worth | $3.9 Billion |
| Date Of Birth | 12th May 1929 |
| Place Of Birth | Newark, New Jersey, United States |
| Profession | Entrepreneur, Businessperson |
| Education | Rutgers University |
| Nationality | American |
| Nicknames | Bernie Marcus |
