Mario Joseph Gabelli (born June 19, 1942) is an American stock investor, investment advisor, and financial analyst. He is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (GAMCO Investors), an investment firm headquartered in Rye, New York. Forbes Magazine listed him as #346 on the list of wealthiest Americans in the 2006 Forbes 400 and estimated his net worth at $1 billion as of 2011.
Gabelli founded his firm in 1977 as a broker/dealer, and the company has since grown into the diversified financial services corporation. He was paid $55 million in 2004. His pay of $58.2 million in 2006 was “more than the pay of any senior executive of a major Wall Street firm” that year, despite the fact that he manages only a fraction of the assets of larger Wall Street companies. Gabelli was paid $45.9 million in 2008 at Gamco Investors, a 35% decrease compared to his 2007 compensation of $70.9 million.
Gabelli is a leading proponent of the Graham-Dodd school of security analysis and pioneered the application of Graham and Dodd’s principles to the analysis of domestic, cash generating, franchise companies in a very wide range of industries. His proprietary Private Market Value methodology is now an analytical standard in the value investing community.
Gabelli is a Chartered Financial Analyst, a member and former officer of the New York Society of Security Analysts, the New York Society of Auto Analysts and the Entertainment Analysts Group of New York.
Gabelli has been a frequent commentator on CNBC, Bloomberg, and CNN, and appeared ten times on Louis Rukeyser’s Wall Street. Gabelli is often written about in the financial print media including Institutional Investor, Business Week, Fortune, Forbes, Money, and Changing Times. He has also written articles for investment publications such as the Financial Analysts Handbook and for the GAMCO blog.
Summary
| Mario Joseph Gabelli | |
|---|---|
| Born | June 19, 1942 The Bronx, New York, U.S. |
| Nationality | United States |
| Alma mater | Fordham University Columbia Business School |
| Occupation | Founder, Chairman, and CEO of Gabelli Asset Management Company Investors |
| Salary | US$88.5 million (2014) |
| Net worth |  US$ 1.1 billion (December 2015) |
Mario Gabelli Net Worth: Mario Gabelli is an American stock investor, investment advisor, and financial analyst who has a net worth of $1.86 billion. Mario Gabelli is the founder, chairman and CEO of Gamco Investors, a global investment firm with more than $30 billion under management. Born Mario Joseph Gabelli on June 19, 1942 in the Bronx New York City, he was just 13 when he first started buying stocks. He continued to hone his investing skills, first at the Fordham University and then at Columbia Business School, where he was taught by the best value investing professor at the time, Roger Murray. Upon graduation, he spent some time working at Loeb, Rhoades & Co. before setting up his own investment company Gamco Investors in 1977. Ever since, he has turned the company into a diversified financial services corporation. Unlike many, Gabelli does not receive salary, bonuses, or stock options. Instead, he prefers to be paid by a management-fee-based compensation. Thus, he received $68 million in 2013. Also an avid giver, Mario Gabelli donated $25 million to his alma mater, Fordham University in 2010. To date, it is considered as the largest single donation in the school’s history. Also, he pledged $15 million to support the construction of a new Columbia Business School campus in 2013.
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