Since 1978, Home Depot has been offering its patrons building materials, landscaping tools, and interior decor items for home construction and improvement. With financial help from investment banker Ken Langone and merchandising expert Pat Farrah, Home Depot’s founders Bernard Marcus and Arthur M. Blank opened the first two stores in Atlanta with plans of providing the tools necessary for patrons of varying levels with assistance in home repair and home improvement. Marcus and Blank came from the DIY space, having worked in a home improvement store and been fired. A coffee date, where they discussed plans for the development of a new home improvement store, would lead to the development and success of a hardware store franchise. However, with the recent passing of Marcus, the finances of the company are under analysis. Here’s what we know about Home Depot’s net worth.
How Much Is Home Depot Worth?
Home Depot stores are typically 105,000 square feet with 35,000 products available in stores. Customers can choose from 1 million pieces of inventory on their websites. Additionally, the company allows contractors, architects, homeowners and DIYers a one-stop shop for long- and short-term projects.
Home Depot Has Over 2,300 Stores
Over the course of more than 40 years in business, the home improvement chain has grown. They now consist of more than 2,300 stores in the United States, Mexico and Canada. In 1981, a $10,000 purchase of Home Depot’s shares would be worth $116 million, as of July 2024. If you think that’s a lot, consider their market valuation and/or net worth achieved, which nears $400 billion.
Tool Rentals, Services and Classes Offered
Home Depot also offers a tool rental program and home improvement workshops for adults and children. There are even livestream options. Their all-around assistance is one of many reasons they are known as the industry’s largest installation business for DIYers and do-it-for-me customers.
Ashley Nash is a SEO Writer at Blavity. A lover of storytelling, she started off as a freelance writer covering local news for newspapers throughout Los Angeles. She then went on to pursue her masters in journalism from the USC Annenberg School. During the summer of her first year, she interned at Cape Community Newspapers in South Africa where she covered breaking news, art and culture. She returned home, graduated and found herself wanting to travel more, leading her to take on a role in the Bay Area. There, she worked in tech and marketing while continuing to freelance as a writer and photographer covering social justice. She desired a full-time role that would allow her to continue exploring her interests in social justice, identity and beauty while pursuing other avenues of content production.
A stint in copywriting, back home in Los Angeles, only strengthened her desire to produce stories both written and visual. So, she pursued and accepted the opportunity to work as a Story Hunter with Vox Media, where she produced and directed short videos for B2C brands. When the pandemic hit and companies loosened their restrictions around schedule and location, Ashley saw this as another chance to travel. She decided to move to the most coveted of her desired destinations: New York City. The writer-creative and apparent traveler continued to story hunt, producing and directing videos for Okta, Victoria’s Secret and Zoom. She also continued to freelance as a writer and photographer adding makeup artist and model to her budding repertoire.
Her 11-year span of work has appeared in Blavity, Ebony, AFROPUNK, CRWN Magazine, Madame Noire, Carefree, Teen Vogue, Italian Vogue, HuffPost, Access Hollywood and Wear Your Voice Magazine. She now lives in Los Angeles with her fiance’, daughter and family. Ashley is happy to return to the editorial space, viewing it as a homecoming. When she isn’t mothering or spending time with family, Ashley is helping people write, recording podcast episodes, editing her website, TikToking, thrift-shopping, enjoying cute cafes and eateries. Her website is itsashnash.com and her handle on all socials is @itsashnash.
I adhere to the highest benchmarks for ethical integrity and accuracy in journalism as outlined in The AfroTech editorial policy.
