Billionaire Bernie Marcus announced Sunday his plans to donate the majority of his fortune to supporting the reelection of President Donald Trump.
The 90-year old Home Depot founder has already given over $2 billion to Trump-supporting organizations and is seeking more worthy causes to donate to.
When he dies, Marcus intends to give 80 to 90 percent of his wealth to the Marcus Foundation to assure his wealth is used to fund support organizations that pioneer medical discoveries, support veteran and help children with autism.
“I want to live to be 100 because I want to be in a position to give it away to those that I really believe in, Marcus told the Atlantic Journal Constitution. “I’ve got all the houses I need. 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 publication he has “no clue” what his net worth is, but according to Forbes, he has an estimated net worth of $5.8 billion.
“You know when I find out what I’m worth? Once a year, I go through it with my accountants,” he continued. “I don’t have a clue. My key is how much can I give away this year?”
The philanthropic billionaire has donated more than $2 billion to causes he believes in and is focusing his attention on Trump’s 2016 presidential campaign.
“[Trump’s] got a businessman’s common-sense approach to most things,” Marcus said. “…Now, do I agree with every move that he makes? No, I don’t. But the truth is he has produced more than anybody else. He has. If we look at this country, I would say that we are better off today than we were eight years ago or six years ago.”
The only criticism Marcus has of Trump is the president’s insistence on “taking on ever battle.”
“I’ll tell you what he has not done well: His communication sucks. I mean he takes on every battle. He’s fighting. He does things he shouldn’t be doing,” he said. “As president of the United States, I’d rather him do things that are meaningful.”
The amount Marcus will donate pends on Home Depot’s success, he explained.
“Home Depot is doing well because they understand the philosophy of reinventing themselves,” Marcus said. “At one point, we had real concern that Amazon was going to put everybody out of business. I don’t feel that is true today…They are not going to run away with our business.”
In April, Marcus slammed the rise of socialism in American politics on college campuses across the country.
While the free market system created the “biggest middle-class population in the world,” he argued, socialism always end with a “lower standard of living for those under its thumb.”
“When I co-founded the Home Depot in 1979, I just been fired and I was broke,” Bernie Marcus said. “There’s no other country in the world that has a system where someone under these circumstances could turn a simple idea and hard work into a company that employs more than 400,000 people and has created thousands of successful millionaires. While I’m no longer in the management of the Home Depot I still believe in the free market enterprise system that helped build it.”
“That’s why it pains me to see people in this country glorifying socialism; young people especially have been indoctrinated into believing that free enterprise is immoral because it enriches the greedy and depresses the poor,” Marcus continued. “The reality is that the free market system has created the biggest middle-class population in the world. And while some may say socialism is well-intentioned the fact is it robs people of their independence their dignity and their finances leading to government dependence suppression of ideas and lower standards of living for those under its thumb.”
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