Mario Gabelli net worth
Mario Gabelli Net Worth: Mario Gabelli is an American equity investor, investment advisor and financial analyst with a net worth of $1.86 billion. Mario Gabelli is the founder, chairman and CEO of Gamco Investors, which manages more than $30 billion in global investment firms. Mario Joseph Gabelli, born June 19, 1942, in the Bronx, New York, was 13 when he started buying stocks.
He continued to hone his investing skills, first at Fordham University and then at Columbia Business School, with Roger Murray, the best professor of value investing at the time. After graduating, he worked for Loeb, Rhoades & Co. for a period of time before launching his own investment firm, Gamco Investors, in 1977. Since then, he has transformed the company into a diversified financial services company. Unlike many, Gabelli has no salary, bonus or stock options. Instead, he prefers compensation based on management fees. As a result, he received $68 million in 2013. Also an avid donor, Mario Gabelli donated $25 million to his alma mater, Fordham University, in 2010. To date, this is believed to be the largest single donation in the school’s history. In addition, he pledged $15 million in 2013 to support the construction of the new Columbia Business School campus.
