Bernie Marcus is a popular American businessman. He is known for being one of the founders of the Home Depot in which he was additionally the first Chief Executive Officer of this company. He later retired in the year 2002 while having served as the Chairman of the Board. To know more about the career, biography and the net worth of Bernie Marcus in 2020, keep reading this article.
Early Life & Biography
Bernie Marcus was born on 12th May in the year 1929 in Newark, New Jersey with his full name being Bernard Marcus. He was born to parents who were Russian Jewish immigrants. He was raised up in Tenement through which he went to school there at South Side High School in which he graduated from this school in the year 1947.
In his early life, Bernie Marcus had a great interest in becoming a doctor though he did not get the finances to fund him for studying medicine. Following this, he commenced working for his father in which he worked as a cabinet maker enlist while still studying at Rutgers University pursuing a pharmacy degree. He joined the Alpha Epsilon Pi fraternity while still at Rutgers University.
Bernie Marcus has married tow times in which he first tied knots with Ruth Rados with whom he got two children with her known as Susanne Marcus Collins and Frederick Marcus. He then later tied knots with his second wife known as Billi Marcus with whom he has a step son known as Michael Morris.
Career, Awards & Nominations
Bernie Marcus commenced his career through working as a Pharmacist in a drugstore. While working here, he commenced having much interest in retailing business. He then started working in a cosmetics company together with other retail jobs. He kept the hard work and he got elevated to the point of being the CEO of the Handy Dan Improvement Centers based in Los Angeles. He was fired together with Arthur Blank from Handy Dan in 1978. After this, they then founded the home-improvement retailer known as The Home Depot in the year 1979 and assisted by Pat Farrah and Ken Langone.
This store used its warehouse concept in revolutionizing the home improvement business. Bernie Marcus then served for this company as the first CEO for nineteen years as well the Chairman of Board till he retired in the year 2002. Following his success, he was inducted in the Junior Achievement U.S. Business Hall of Fame in 2006.
Net Worth & Earnings
Bernie Marcus has an estimated net worth of $5.5 billion. This is from the earnings he has made from his successful career. Being the CEO for The Home Depot for 19 years which served as his main source for income together with Arthur making them billionaires. This came after the popularity of this company increased over time.
Being fired from Handy Dan Improvement Centers became the breakthrough of his success in which he got much earnings from the company they founded together with Arthur who they were fired together with.