Biography of Mario Gabelli

Overview

Mario Gabelli is a billionaire investor and founder of GAMCO Investors, Inc., an investment management firm that specializes in value investing. With over five decades of experience in the financial markets, Gabelli is considered one of the most successful value investors of his generation, having built a multi-billion-dollar fortune through his investment strategies. His net worth is estimated to be $1.8 billion, as of August 2021.

Early Life and Education

Mario Gabelli was born on June 19, 1942, in the Bronx, New York. He was the son of Italian immigrants who owned a dry-cleaning business in the Bronx. Gabelli grew up in a working-class neighborhood and attended Fordham Preparatory School, a Jesuit high school in the Bronx. He earned a scholarship to Fordham University and graduated with a Bachelor of Science degree in finance in 1965. Gabelli went on to obtain an MBA from Columbia Business School in 1967.

Career and Achievements

Gabelli began his career in finance in 1967, working as an analyst at Loeb, Rhoades & Co., a brokerage firm in New York. In 1976, he founded his own investment management firm, Gabelli & Company, which focused on value investing. The firm was later renamed GAMCO Investors, Inc., and is now a publicly traded company on the New York Stock Exchange.

Gabelli’s investment philosophy is based on the principles of value investing, which involves finding undervalued securities that have the potential to increase in price over time. He is known for his ability to identify companies that are undervalued by the market and has a long-term approach to investing. Some of his most successful investments have been in companies such as Viacom, Sony, and John C. Malone’s Liberty Media.

Over the years, Gabelli has received numerous awards and honors for his contributions to the field of finance. He was inducted into the Junior Achievement U.S. Business Hall of Fame in 2008 and was awarded the Lifetime Achievement Award by the Money Management Institute in 2017.

Personal Life

Gabelli is married to Regina Pitaro and has three children. He is also involved in philanthropic activities and is a member of several boards, including the New York Philharmonic, the Metropolitan Museum of Art, and the Guggenheim Museum.

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