How rich is Mario Gabelli?
Mario Gabelli Net Worth:
Mario Gabelli Net Worth: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) a $30 billion global investment firm (assets under management (AUM)) headquartered in Rye, New York. Forbes magazine's 2006 Forbes 400 rankings listed him as #346 on the list of wealthiest Americans 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. Gabelli does not receive salary, bonuses, or stock options, but is paid a management-fee-based compensation. 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.
|Birth date:||June 19, 1942|
|Birth place:||The Bronx, New York City, New York, United States|
|Education:||Fordham University, Fordham Preparatory School, Columbia Business School|
|Children:||Marc Gabelli, Matthew Gabelli, Michael Gabelli, Elisa Gabelli|
|Siblings:||John D. Gabelli|