Home Depot co-founder will give 90% of his reported $4.5 billion fortune to charity
Home Depot co-founder Bernie Marcus will donate most of his fortune to charity after his death.
More doing, and more donating — that’s the power of this Home Depot co-founder.
Atlanta billionaire Bernie Marcus is worth an estimated $4.53 billion, according to Bloomberg, or $5.8 billion by Forbes’ estimate. And he tells the Atlanta Journal-Constitution in a new interview that he plans to give 80% to 90% of that wealth to charity when he dies.
Marcus, 90, said that he has given more than $2 billion to 300-plus organizations across the globe in his lifetime.
The Home Depot co-founder and his wife, Billi, joined the Giving Pledge launched by Microsoft MSFT founder Bill Gates, Melinda Gates and Warren Buffett in 2010, a commitment by the world’s wealthiest people to donate at least half of their fortunes.
“To make quarterly profits is one thing, but changing just one life is so much better,” Marcus said when he joined.
Related: What is "The Giving Pledge"?