Mario Gabelli

$2.17 B

Ranked #1886 in World

About Mario Gabelli

Esteemed American financier Mario Joseph Gabelli, born on June 19, 1942, commands a net worth of $1.7 billion as of December 2023. An alumnus of Fordham University and Columbia Business School, Gabelli's legacy in finance includes founding both Gabelli & Co. and Gamco Investors. Recognized with accolades like Barron's All Century Team and Morningstar's Domestic Equity Fund Manager of the Year, his philanthropy spans significant gifts to top universities and participation in The Giving Pledge. Gabelli's career also encompasses legal settlements notably in the Mancheski and US Ex Rel. Taylor cases.

Born

March 31, 1942 in The Bronx, New York, U.S.

Age

84 years

Source Of Wealth

Money Management

Industries

Finance & Investments

Citizenship

United States

Residence

Greenwich, Connecticut

Education

Master of Business Administration, Columbia Business School; Bachelor of Arts/Science, Fordham University

Mario Joseph Gabelli was born on June 19, 1942, in the Bronx, New York City, to Italian immigrant parents. His father, Joseph Gabelli, was a butcher, and his mother, Mary (née Mancuso) Gabelli, was a homemaker. Gabelli grew up in a working-class neighborhood and attended public schools.

Mario Gabelli: Family

Gabelli has been married twice. His first marriage was to Elaine, with whom he had four children: Mario Jr., Marc, Matthew, and Melissa. After their divorce, he married Regina Pitaro.

Mario Gabelli: Career Highlights

Gabelli began his career on Wall Street in 1965 as a security analyst at Loeb, Rhoades & Co. In 1976, he founded Gabelli & Co., an institutional brokerage house. Soon after, he established Gabelli Investors, which later became Gamco Investors.

Gabelli is known for his value investing style, which involves buying stocks of companies that are undervalued relative to their intrinsic value. He has been successful in generating high returns for his investors over the long term.

Mario Gabelli: Companies

Gabelli is the chairman and CEO of Gamco Investors, a publicly traded investment management company. Gamco Investors manages over $30 billion in assets and has a team of over 100 investment professionals.

In addition to Gamco Investors, Gabelli is also involved in several other businesses. He is the chairman of Gabelli Funds, a mutual fund company, and the chairman of Gabelli Asset Management, a hedge fund company.

Mario Gabelli: Major Achievements

Gabelli has achieved significant success in his career as an investor and financial analyst. He has been recognized for his achievements by several organizations, including Barron's, Morningstar, and Institutional Investor.

In 2000, Gabelli was named to Barron's All Century Team, which recognizes the 100 most influential investors of the 20th century. He was also named Morningstar Domestic Equity Fund Manager of the Year in 1997 and Institutional Investor Money Manager of the Year in 2010.

Mario Gabelli: Awards & Achievements

Gabelli has received numerous awards and honors for his contributions to the financial industry and his philanthropic efforts.

Some of his notable awards include:

Barron's All Century Team (2000)
Morningstar Domestic Equity Fund Manager of the Year (1997)
Institutional Investor Money Manager of the Year (2010)
Horatio Alger Award (2022)
Ellis Island Medal of Honor for Business Leaders (1996)

Mario Gabelli: Personal Life & Legacy

Gabelli is a philanthropist and has made significant contributions to various educational institutions and charitable organizations. He is a signatory of The Giving Pledge, a commitment by wealthy individuals to donate the majority of their wealth to philanthropic causes.

Gabelli is also a passionate supporter of the arts and has served on the boards of several cultural institutions, including the Metropolitan Museum of Art and the New York Philharmonic.

Mario Gabelli: Trivia

Gabelli is a licensed pilot and enjoys flying his own plane.
He is a voracious reader and has a personal library of over 10,000 books.
Gabelli is a fan of classical music and opera.
He is a supporter of the New York Yankees and the New York Giants.

Wealth History

Timeline

June 19, 1942

Mario Joseph Gabelli was born.

1961

Gabelli graduated from Fordham Preparatory School.

1965

Gabelli graduated from Fordham University, summa cum laude.

1976

Gabelli founded Gabelli & Co., an institutional brokerage house.

1995

Roger Williams University established the Mario J. Gabelli School of Business.

1996

Gabelli received the Ellis Island Medal of Honor for Business Leaders from the Ellis Island Foundation.

1997

Gabelli was named Morningstar Domestic Equity Fund Manager of the Year.

2000

Gabelli was named to Barron's All Century Team.

2006

Gabelli settled the Mancheski v. Gabelli Group Capital Partners lawsuit for $100 million.

2006

Gabelli settled the US Ex Rel. Taylor v. Gabelli lawsuit for $130 million.

2010

Gabelli was named Institutional Investor Money Manager of the Year.

2010

Gabelli made a $25 million gift to Fordham University, the largest in the university's history.

2010

Gabelli made a $3 million gift to Boston College for an endowed professorship in finance.

2011

Gabelli established an endowed professorship at the University of Miami.

2013

Gabelli made a $15 million pledge to Columbia Graduate Business School for the construction of the new Manhattanville campus.

2013

Gabelli made a $1.5 million donation to the University of Nevada, Reno for the construction of the E. L. Wiegand Fitness Center.

2019

Gabelli received honorary membership from NYC Local 6 and the Hotel Trades Council.

2021

Gabelli made a $1.5 million contribution to Pace University for the Gabelli Endowed Anthony R. Pustorino Distinguished Professorship in Accounting.

2022

Gabelli made a $2 million contribution to Case Western Reserve University for the Mario J. Gabelli Distinguished Professorship in Finance.

2022

Gabelli received the Horatio Alger Award.

2023

Gabelli received the "Making the World a More Just Place" award from the National Judicial College.

2023

Gabelli endowed a professorship in finance at Iona University.

Mario Gabelli : FAQs

What is Mario Gabelli's current net worth?

Mario Gabelli's current net worth is $2.17 billion.

What is Mario Gabelli's current global rank among billionaires?

Mario Gabelli holds the 1886th position globally among billionaires.

What is Mario Gabelli's current ranking within the United States?

Mario Gabelli holds the 626th position in United States.

What was the change in Mario Gabelli's net worth compared to the previous year?

Mario Gabelli's net worth increased by 215.97 million dollars compared to the previous year 2025, when his net worth was 1.96 billion dollars.

What is the recent change in Mario Gabelli's net worth?

Mario Gabelli's net worth decreased by 7.53 million dollars recently, a 0.35% decrease, with his net worth standing at 2.17 billion dollars.

What are Mario Gabelli's main sources of wealth?

Mario Gabelli's main source of income comes from Money Management.

In which industry does Mario Gabelli primarily operate?

Mario Gabelli is primarily involved in the Finance & Investments industry.

What is Mario Gabelli educational background?

Mario Gabelli holds a Master of Business Administration from Columbia Business School and a Bachelor of Arts/Science from Fordham University.

How old is Mario Gabelli?

Mario Gabelli is 84 years old.

How many children does Mario Gabelli have?

Mario Gabelli has 4 children.

Who is Mario Joseph Gabelli and why is he well known?

Mario Joseph Gabelli is an American stock investor, investment advisor, and financial analyst renowned for his significant achievements in the financial sector, with a net worth of $1.7 billion as of December 2023.

What are some of Mario Gabelli's most notable educational milestones?

Mario Gabelli completed his education at Fordham Preparatory School in 1961, graduated summa cum laude from Fordham University in 1965, and earned an MBA from Columbia Business School, laying the foundation for his successful investment career.

What are the key highlights of Mario Gabelli's investment career?

Mario Gabelli's investment career features prominent roles, including a security analyst at Loeb, Rhoades & Co., and founding Gabelli & Co., an institutional brokerage house in 1976, which later evolved into Gamco Investors.

How has Mario Gabelli contributed to philanthropy and education?

Mario Gabelli is a well-known philanthropist, contributing to various educational institutions like Fordham University and Pace University, and being involved in foundations such as the American-Italian Cancer Foundation. He's also honored by the National Judicial College for his contributions to justice.

Has Mario Gabelli faced any legal issues in his career?

Yes, Mario Gabelli has faced legal challenges including the Mancheski v. Gabelli Group Capital Partners case settled for $100 million and the US Ex Rel. Taylor v. Gabelli settlement of $130 million, both in 2006.