Bernie Marcus has an estimated net worth of $6.2 Billion. He gained this wealth through his business.
Bernard “Bernie” Marcus is an American billionaire businessman.
Born in Newark, New Jersey, he had his high school education at South Side High School in 1947. 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 also worked at a cosmetics company and various other retail jobs, eventually reaching a position as CEO of a Los Angeles-based chain of home improvement stores Handy Dan Improvement Centers.
In 1978, both he and future Home Depot co-founder Arthur Blank were fired during a corporate power struggle at Handy Dan.
In 1979, 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.
Marcus served as the company’s first CEO for 19 years and also served as chairman of the board until his retirement in 2002.
Marcus was inducted into the Junior Achievement U.S. Business Hall of Fame in 2006. In a June 2019 interview, Marcus said most of his wealth is in Home Depot stock.