The billionaire co-founder of Home Depot says he’s planning to give away nearly his entire fortune.
Bernie Marcus, who already has donated about $2 billion to more than 300 organizations worldwide, declined to say how much he’s worth or how much he expected to give away.
The 90-year-old said that he hoped most of the gift-giving would occur during his lifetime — “I want to live to be 100 because I want to be in a position to give it away to those things that I really believe in.”
Marcus and Arthur Blank co-founded Home Depot in 1978 after they’d been fired from the same hardware store, Handy Dan. They built their two Atlanta stores into the world’s largest home improvement retailer, with more than 2,200 locations in the United States, Canada and Mexico.
The company generates about $108 billion in annual sales.