Portrait of Mario Gabelli

Rank #1940

Mario Gabelli

Net worth $2.2B

Money management · United States

Born
Mar 31, 1942
Age
84
Source
Money management
Residence
Greenwich, Connecticut
Citizenship
United States
Marital status
Married
Children
4
Education
Master of Business Administration, Columbia Business School; Bachelor of Arts/Science, Fordham University

Net worth over time

Biography

  • Mario Gabelli runs Gamco, a mutual fund and investment firm he founded in 1977.
  • Gabelli's reputation for stock-picking took off in the 1980s, when he found success betting on the media and telecom sectors.
  • A first-generation college student, Gabelli graduated from Fordham University's business school, now named for him, in 1965.
  • He is a big donor to higher education and a signatory of the Giving Pledge.
  • He also serves as executive chairman of Associated Capital Group, an investment management business that spun off from Gamco in 2015.
  • A life-long contrarian, even as a schoolboy Gabelli refused to hide with classmates during air raid drills.
  • Around age five, Gabelli set up a shoe-shine box at a Bronx subway station to make money. He bought his first stocks at 13 years old.

Financial assets

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