Billionaire Home Depot co-founder reveals plans to give away up to 90% of his wealth, with most going to philanthropy and some to President Trump
- Home Depot cofounder Bernie Marcus said in a new interview that he plans to give away most of his fortune, which is estimated to be worth roughly $4.53 billion.
- Most of his money will go to philanthropic causes and some will go to President Trump's reelection campaign, The Atlanta Journal Constitution reports.
- "Everything I live for now is finding the right things to put my money into and that can give me a rate of return in emotion and doing good things for this world," he told the AJC.
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Billionaire Home Depot cofounder Bernie Marcus revealed in a new interview that he plans to give away most of his wealth.
Most of his fortune, which is estimated to total roughly $4.53 billion, will go to philanthropic causes and some will go to President Trump's reelection campaign, writes Matt Kempner for The Atlanta Journal Constitution.
The 90-year-old businessman said he has already given away $2 billion of his wealth to 300 organizations.
"I've got all the houses I need," Marcus told the AJC. "I live very well. My kids are taken care of. Everything I live for now is finding the right things to put my money into and that can give me a rate of return in emotion and doing good things for this world."
Marcus told the AJC that he plans to seek out and support new philanthropic causes until his death.
After he dies, he's arranged for 80% to 90% of his fortune to go to his charitable foundation, the Marcus Foundation.
He has instructed the foundation to donate that money to causes such as medical discoveries and treatments for autistic children and veterans, Kempner writes.
Marcus said his giving to philanthropic causes far outweighs his political donations.