Mario Gabelli

Quick Facts

Full Name	Mario Gabelli
Date Of Birth	Jun 19, 1942(1942-06-19)
Age	82
Birthplace	Bronx
Country	United States
Birth City	New York
Horoscope	Gemini

Mario Gabelli Biography

Mario Gabelli is one of the most popular and richest Entrepreneur who was born on June 19, 1942 in Bronx, New York, United States. A billionaire just like Microsoft the pioneer He is a billionaire like Microsoft pioneer Bill Gates..

He hails originally from The Bronx and studied at both Fordham University and Columbia Business School.

He was ranked 346 as the most wealthy people in America in 2011.

Mario Gabelli Net Worth

Net Worth: Mario Gabelli’s net worth currently stands around an impressive $1.86 billion, according to reliable financial reports. This remarkable wealth has been amassed over decades in the financial industry, majorly through his investment firm, Gabelli Asset Management Company Investors (Gamco Investors). His net worth is a testament to his acumen and distinguishes him as one of the most successful figures in entrepreneurship. Compared to industry standards, Gabelli’s wealth far surpasses the average net worth of similar professionals, solidifying his stature in the industry.

Early Life: Born in June 1942 in The Bronx, Gabelli is the son of Italian immigrants. Even as a young boy, Gabelli was drawn to market reports and bought his first stock at just 13 years old. He attended Fordham Preparatory School, graduating in 1961, which was followed by an education at Fordham University, where he graduated summa cum laude in 1965. Gabelli then garnered an MBA degree from Columbia Business School, where he learned about value investing from renowned professor, Roger Murray.

Career and Financial Growth: After graduation, Gabelli began his career at Loeb, Rhoades & Co., focusing on farm equipment and automotive part conglomerates. Following his value investing skills, he soon established his own brokerage house, Gabelli & Co., and later formed Gabelli Investors to manage money for clients. His first investment vehicle, The Gabelli Asset Fund, launched in 1986, gaining massive success and contributing significantly to his wealth. Today, Gabelli continues to lead his firm and impact the financial world with the assets managed by the firm totaling billions of dollars.

Source of net worth: Gabelli’s significant wealth originates from his entrepreneurial efforts. His investment firm, Gamco Investors, stands as his most prominent financial achievement, which plays a central role in his accumulation of wealth. While specific endorsements or sponsorships are not elaborated on, his influence and success in the finance sector underline his primary source of income.

Personal Projects and Ventures: Apart from his endeavors in entrepreneurship, Gabelli is known for his contributions to the educational sector, establishing endowed professorships and contributing to the development of academic institutions. His philanthropic efforts extend to his establishment of The Gabelli Foundation, which makes considerable donations to various causes.

Philanthropy: Gabelli is well-recognized for his philanthropic activities, particularly in the educational sector. He made substantial contributions to Fordham University, the largest ever in the university’s history, supporting student scholarships, faculty chairs, and the creation of a global investment analysis center. Additionally, he has funded an endowed professorship in finance at the LePenta School of Business.

Recent Developments: Gabelli’s recent ventures include his generous contribution in 2023, establishing an endowed professorship in finance at the LePenta School of Business. This mission to support education demonstrates his continued impact on the industry. Given his large portfolio of investments and his firm’s assets under management, his net worth is likely to continue to grow even as market conditions fluctuate. However, like any other investor, potential economic downturns or major shifts in financial markets may affect Gabelli’s portfolio and his overall net worth.

He established GAMCO with the intention of becoming a broker/dealer, and GAMCO was already managing around $33 million just four years later.

Height, Weight & Body Measurements

Mario Gabelli height Not available right now. Mario weight Not Known & body measurements will update soon.

Who is Mario Gabelli Dating?

According to our records, Mario Gabelli married to Regina Pitaro. As of January 13, 2024, Mario Gabelli’s is not dating anyone.

Relationships Record : We have no records of past relationships for Mario Gabelli. You may help us to build the dating records for Mario Gabelli!

Facts & Trivia

Mario Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in United States. Mario Gabelli celebrates birthday on June 19 of every year.

What funds does Mario Gabelli manage?

• The Gabelli Utility Trust (GUT) …
• The Gabelli Value 25 Fund (GVCAX) …
• The Gabelli Global Mini Mites Fund (GAMNX) …
• The Gabelli Asset Fund (GABAX) …
• The Gabelli Small Cap Growth Fund (GABSX) …
• The Gabelli Equity Income Fund (GABEX) …
• The Gabelli Global Small & Mid Cap Value Trust (GGZ)

How much does Gabelli Funds manage?

(NYSE: GBL) includes two businesses: GAMCO Asset Management (institutional and separate accounts) and Gabelli Funds. As of year-end 2019, GAMCO Investors, Inc. had $36.5 billion in assets under management.

When was Gabelli founded?

Mario Gabelli runs Gamco, a mutual fund and investment firm he founded in 1977. Gabelli’s reputation for stock-picking took off in the 80s when he found success betting on the media and telecom sectors. A first-generation college student, Gabelli graduated from the Fordham College of Business Administration in 1965.

Is Gab stock a good investment?

There still is fundamental value in stocks, however, and value funds can find it. GAB is attractive in particular right now because of a 3% discount to its net asset value, as well as a high 9.8% distribution rate.

Is Gabelli Equity Trust a mutual fund?

Fund Profile The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc.