After a rant on the rise of socialism and “lazy” workers in the United States, Home Depot’s 93-year-old co-founder Bernie Marcus has now taken aim at “woke” business leaders.

The billionaire businessman was left raging at claims made in the World Economic Forum’s recent annual meeting in Davos that the world must “spend more money on climate control.”

Don’t miss

• You could be the landlord of Walmart, Whole Foods and CVS (and collect fat grocery store-anchored income on a quarterly basis)

• The “decade of lost wealth” is here — experts say this is where $500K portfolios should invest in

• Biden’s one-size-fits-all plan to protect renters comes 'at the expense' of mom-and-pop landlords — what to do if you still want to slice up a piece of the real estate pie

“We don’t have it. We’ve already overspent,” Marcus said in an interview on Fox Business Network. And he doesn’t want the “woke generation” business leaders committing even more money to the cause.

“We need leaders who are basically thinking about the shareholders and their employees,” he added. "And I think today it's all about woke diversity, things that don't hit the bottom line.”

What’s ‘woke’ got to do with it?

The term woke has been around for decades, having originated in African American Vernacular English (AAVE) in the 1940s. But it only became a household term in the mid-2010s to refer to being “aware of and actively attentive to important societal facts and issues, especially issues of racial and social justice,” according to Merriam-Webster’s definition.

More recently, it’s become a slang word to refer to people who, as defined by Merriam-Webster, are “politically liberal (as in matters of racial and social justice) especially in a way that is considered unreasonable or extreme.”

In that vein, many Republicans have accused big businesses and money managers of pursuing an ideological agenda on climate change and other environmental, social and governance (ESG) issues at the expense of solid financial returns.