Billionaire Co-Founder of Home Depot is Giving Away 80% of his Wealth to Charity

Marcus heavily contributed to the launch of the Georgia Aquarium, which opened in downtown Atlanta, Georgia, in 2005. Based mostly on the $250M million donation for the Aquarium, Marcus and his wife, Billi, were listed among the top charitable donors in the country by The Chronicle of Philanthropy in 2005.

The Home Depot Co-Founder Bernard Marcus – Wikipedia Photo

 

The co-founder of The Home Depot announced recently that he intends to give most of his remaining fortune to charity, after already having donated nearly two billion dollars to philanthropic organizations across the world.

When the Atlanta billionaire dies, 80 to 90 percent of the remainder of his wealth will be transferred to his foundation.

His current estimated net worth is $4.5 billion, and Bernie and his wife Billi Marcus are signatories of The Giving Pledge, along with 200 others—like Michael Bloomberg, Richard Branson and Elon Musk—a coalition Bill Gates and Warren Buffet designed to recruit wealthy families to pledge at least half their fortunes to charity.

The Marcus Foundation, focuses on veteran care, medical research, hospitals, and Jewish causes. Bernie Marcus has given instructions to the board to invest in “medical discoveries and treatment for kids with autism (and) creating 20 to 25 centers around the nation to help veterans suffering from brain injuries and post-traumatic stress.”

Like it or not, Marcus is also giving hundreds of millions to re-elect Donald Trump. Just because you are a billionaire doesn’t always mean you are wise!

Read more at ‘Billionaire to give away 80% of fortune

 

Marcus home for sale in Sandy Springs, Georgia
Bernie Marcus house that is for sale in Sandy Springs, Georgia. Photograph By Sothebys-International-Realty

Leave a Reply

Your email address will not be published. Required fields are marked *