Does Bernie Marcus still own Home Depot?
Asked by: Ms. Velda Christiansen | Last update: May 11, 2025Score: 4.2/5 (73 votes)
Is Bernard Marcus still part of Home Depot?
Bernard Marcus (May 12, 1929 – November 4, 2024) was an American billionaire businessman. He co-founded Home Depot in 1978. He was the company's first CEO and first chairman until retiring in 2002. In November 2024, Forbes estimated his net worth at US$10.3 billion.
Who owns Home Depot currently?
Home Depot is mainly owned by institutional investors, who own around 70% of shares. The largest shareholders in December 2023 were: The Vanguard Group (9.49%) BlackRock (7.15%)
Did Bernie Marcus of Home Depot pass away?
Bernie Marcus, who came up with a revolutionary business idea in the late 1970s — create a do-it-yourself, big-box suburban outlet that would seem more warehouse than store — and, with a partner, turned it into the Home Depot, the world's largest home-improvement retailer, died on Monday in Boca Raton, Fla. He was 95.
Is Lowe's owned by Home Depot?
While it is true that some chains have "sister stores" like Olive Garden and Red Lobster, it is false that there is any direct relationship between Lowe's and Home Depot management. There are similarities to be found in these home improvement giant retailers for sure, but there are also many differences.
Home Depot co-founder Bernie Marcus dies, company says
How many shares of Home Depot does Bernie Marcus own?
The size of his current stake in Home Depot as of 2025 isn't clear, but when he retired in 2002, Marcus reportedly held 60 million shares. Those would currently be valued at $23 billion based on Home Depot's stock price in early January 2025, indicating that he may have sold some of his shares since retiring.
Who is the new CEO of Home Depot?
Ted Decker is chair, president and CEO of The Home Depot, the world's largest home improvement retailer with more than 2,300 stores and approximately 475,000 associates. He is also a member of the company's board of directors.
How did Arthur Blank get so rich?
Real Time Net Worth
Arthur Blank and Bernie Marcus cofounded Home Depot in 1978 after being fired from their jobs at a regional hardware store. Blank retired as Home Depot's co-chairman in 2001 and bought the NFL's Atlanta Falcons for $545 million in 2002 (his stake's now worth $2.5 billion).
Who did Home Depot buyout?
The retailer announced in March that it was acquiring SRS Distribution, a company that sells supplies to roofing, pool and landscaping professionals, for $18.25 billion and closed the deal in June.
Who is the largest shareholder of Home Depot?
Largest shareholders include Vanguard Group Inc, BlackRock, Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Capital World Investors, Geode Capital Management, Llc, Morgan Stanley, Bank Of America Corp /de/, and Charles Schwab ...
How much is Bernie Marcus worth?
The men took the company public in 1981, and Marcus retired in 2002. At the time of his death, Forbes pegged Marcus's net worth at $11 billion. Marcus's biggest donations went to varied causes and organizations. He started his Marcus Foundation in 1989 and made several significant big bets in Atlanta.
How much is the CEO of Home Depot worth?
The estimated net worth of Craig A Menear is at least $77 Million dollars as of 2025-01-25. Craig A Menear is the Chairman & CEO of The Home Depot Inc and owns about 186,544 shares of The Home Depot Inc (HD) stock worth over $77 Million. Details can be seen in Craig A Menear's Latest Holdings Summary section.
Who is the owner of Bernard Corporation?
bernard kubiak - Founder & Chairman - BERNARD CORPORATION PTY LTD | LinkedIn.
When did Bernie Marcus retire from Home Depot?
Marcus was Home Depot's CEO until 1997 and served as the company's chairman until his retirement in 2002.
Did the founders of Home Depot get fired?
SELYUKH: Marcus and Blank got fired from Handy Dan together in 1978 in a corporate power struggle. Just over a year later, they opened the first two Home Depot stores in Atlanta. Another name they considered, by the way, was Bad Bernie's Buildall. The idea was to encourage people to DIY home projects.
What percent of Home Depot does Arthur Blank own?
Today, Home Depot is the world's largest home-improvement retailer and the fourth-largest retailer overall in North America, with more than 2,200 stores. It has a market cap of $165 billion. Blank, 74, is said to own 34 million shares, or a 1.5% stake.
Are the owners of Lowe's and Home Depot married?
Home Depot and Lowe's were once the same store owned by a married couple. When the two had a bitter divorce, they turned into two different home improvement chains.
Who is the wife of the CEO of Home Depot?
Chair, President & CEO, The Home Depot
Ted grew up in Erie, Pennsylvania, and chose William & Mary in part because of his interest in history. He also enjoyed studying literature and became an English major. While at W&M, he met his future wife, Cathy Creekmore Decker '86 — later, they were married in the Wren Chapel.
Who is the highest person in Home Depot?
Ted Decker - Chair, President and CEO - The Home Depot | LinkedIn.
How much did Home Depot CEO make last year?
Home Depot's CEO is Ted Decker, appointed in Oct 2020, has a tenure of 4.25 years. total yearly compensation is $14.42M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.012% of the company's shares, worth $47.62M.
Does Warren Buffett own Home Depot stock?
Berkshire Hathaway's Home Depot Stake
The first Home Depot trade was made in Q2 2005. Since then Warren Buffett bought shares two more times and sold shares on five occasions.
Who owns most of Home Depot?
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Home Depot is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc.
Did Bernie Marcus serve in the military?
Bernard Marcus was in the army reserves during the Korean War. He was not called up for active duty. The Defense Department had set up the Army Air Corps as the US Air Force.