⬅ # 245 Nicky Oppenheimer|# 247 Johnny Morris

# 246 Bernard Marcus 

$9.70B

Real Time Net Worth
as of 4/12/2024
-$113.1M (-1.17%)

# 246 Bernard Marcus 

$9.70B

Real Time Net Worth
as of 4/12/2024
-$113.1M (-1.17%)
OccupationCofounder, The Home Depot
Source of WealthHome Depot
Age94
ResidenceAtlanta, Georgia
Marital StatusMarried
Children3
EducationBS, Rutgers University
Age-Adjusted Net Worth$972.13M
Bernard Marcus
Bernard Marcus
United States
Net worth: $9.70B

Self-Made Score 

Wealth History

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Biography

Overview

Bernard Marcus, also known as Bernie Marcus, was born on May 12, 1929, in Newark, New Jersey, to Russian Jewish immigrant parents.
He grew up in a tenement and was the youngest of four children.
Marcus graduated from South Side High School in 1947 and then attended Rutgers University, where he earned a pharmacy degree.
Despite being accepted to Harvard Medical School, Marcus couldn't afford the tuition, leading him to pursue a career in retail instead.
Marcus began his career as a pharmacist but shifted towards the retail sector, eventually becoming CEO of Handy Dan Improvement Centers, a Los Angeles-based chain of home improvement stores.
In 1978, Marcus, along with Arthur Blank, was fired from Handy Dan during a corporate power struggle, leading to the founding of The Home Depot.
Together with Arthur Blank, Marcus co-founded The Home Depot in 1978, which became a major player in the home improvement industry with its warehouse concept.
Marcus served as the company's first CEO and chairman until his retirement in 2002.
He signed The Giving Pledge with his wife in 2010, committing to donate at least 90% of his wealth to charity.
Marcus is also an author, having co-written books such as 'Built from Scratch' and 'Kick Up Some Dust'.
He has received numerous awards for his philanthropy and contributions to society, including the Others Award from the Salvation Army and being named a Georgia Trustee.

Career

Bernard Marcus co-founded The Home Depot in 1978 with Arthur Blank, revolutionizing the home improvement industry with its warehouse concept.
He served as CEO of The Home Depot for 19 years and later as chairman until his retirement in 2002.
Marcus has been actively involved in conservative advocacy, founding the Job Creators Network and supporting Republican candidates like Donald Trump.

Personal Life

Bernard Marcus has been married twice. He has two children, Frederick Marcus and Susanne Marcus Collins, from his first marriage to Ruth.
With his second wife, Billi, Marcus has a stepson named Michael Morris.

How long would it take you to become as rich as Bernard Marcus?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Bernard Marcus's net worth of $9.70B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

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Bernard Marcus is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Bernard Marcus, Home Depot is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey