Conservative megadonor Ken Langone, the billionaire financier behind Home Depot's rise, slammed Bernie Sanders for saying the US shouldn't have billionaires
But the venture capitalist, whose firm Invemed helped bankroll Home Depot in 1978, says that he has created jobs and improved lives while accruing his fortune.
"Forget how much money I made," Langone told Business Insider. He said that by helping to found Home Depot, Langone ensured that "more than 500,000 people" have been "gainfully employed, providing for their families, enjoying life, educating their kids" throughout the years. "Mr. Langone isn't speaking on behalf of the company and retired from The Home Depot's Board of Directors more than a decade ago," a Home Depot spokesperson said in a statement to Business Insider.
"Bernie, tell me what you did?" Langone said. "You're the big authority. You know this problem, you know that problem. Help me out, Bernie, show me that what you did worked."his claim that 3,000 entry-level Home Depot employees have gone on to become multi-millionaires. He told Business Insider that these employees were able to achieve this success after working at the company for "a number of years.
"I'm not saying they were hired yesterday," Langone said. "It takes a period of time — and don't forget, in the meantime, they're building their estates, they're being paid and they're paying their bills and they're feeding their families."centers the 2020 presidential candidate's job creation plan around infrastructure jobs, small businesses, and youth employment.
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