Mario Gabelli Book Bio Wiki Age Wife Stock Picks and Net Worth
Mario Gabelli (Full Name: Mario Joseph Gabelli ) is a popular American stock investor, investment advisor, and financial commentator who is the creator, chairman, and CEO of Gabelli Asset Management Company Investors (Gamco Investors). He is also the author of Merger Masters: Tales of Arbitrage (Heilbrunn Center for Graham & Dodd Investing Series) published in 2018.
In December 2023, Forbes Magazine listed Mario as #1725 on the list of Billionaires, with a net worth of $1.7 billion US dollars. On January 10, 2000, Mario became inducted into the “Barron’s All Century Team,” their list of the best influential mutual fund industry portfolio managers. He was also named in December 2019 as an honorary member of Local 6 and the Hotel Trades Council and formally inducted into the Horatio Alger Association of Distinguished Americans on April 2 to 4, 2020, in the Association’s 73rd Horatio Alger Award Induction Ceremonies in Washington, D.C.
Mario was born onJune 19, 1942, in The Bronx. New York in theUnited States. He is81 years old. Mario celebrates his birthday on June 19, every year.
He is a man of above-average stature. Mario stands at a height of5 ft 11 in( Approx. 1.78m ).
He was born in The Bronx, New York, the son of Italian immigrants. Mario holds an American nationality. Mario’s father,Giuseppe “Joe” Gabelli, worked as a cook at Lüchow’s while his mother,Giuseppina “Pina” Aranquillo Gabelli, served as a homemaker. He has two siblingsMariaandJohn.
Mario’s grandfather, an Italian immigrant, passed away in a coal-mining accident in 1910 in western Pennsylvania when Mario’s dad was only two years old. His father then came back to Italy with his mom to be with his family. His parents left Italy and settled in the Bronx where his father became a charter member of Local 6 New York City Hotel & Restaurant Workers and served as a sous chef. ‘Neither of Mario’s parents was educated beyond the sixth grade. His mother spoke minimal English, but his father could speak five languages. He was raised with Italian being his first language.
Mario is married to his wifeRegina Pitarowho was a 1976 graduate of Fordham College at Rose Hill and a trustee fellow of Fordham Campus. Regina also earned a master’s degree from Loyola University Chicago. The couple is the recipient of Fordham University’s Founder’s Award.
Prior to his marriage to Regina Pitaro, Mario was married to his first wifeElaine. Mario and Elaine had four childrenMarc, Elisa,Michael, andMatthew. His sons Marc and Michael are Prep graduates, Classes of 1986 and 1996. Mario and Elaine divorced before 1996.
Mario’s daughter Elisa M. Wilson was elected by Gamco to the board. Elisa is a shareholder of Gamcos privately held parent company, GGCP, and, together with her siblings, owner of the real estate partnership that leases office space to the firm. Elisa is also head and a trustee of the charitable trust, Gabelli Foundation.
He has three sons Marc, Michael, and Matthew. Mario’s son Marc attended public school until the 5th grade, and later Catholic schools through high school.
He studied at Fordham Preparatory School and graduated in 1961. Mario has said he read market reports for fun when he was young and that he purchased his first stock at the age of 13. He won a scholarship and graduated in 1965 from Fordham University summa cum laude. Mario earned his Master of Business Administration degree from Columbia Business School. At Columbia, Mario was taught by Roger Murray, a popular value-investing professor.
– The Boeing Company (NYSE: BA) – TEGNA Inc. (NYSE:TGNA) – Warner Bros. Discovery, Inc. (NASDAQ: WBD) – Paramount Global (NASDAQ: PARA) – CNH Industrial N.V. (NYSE: CNHI) – Mueller Industries, Inc. (NYSE: MLI) – Crane Holdings – Co. (NYSE: CR) – Herc Holdings Inc. (NYSE: HRI)
He resides with his wife in his house based in Greenwich, Connecticut (CT). In 2014, Mario sold his Waterfront Estate for $10.25 Million.
On November 6, 2018, Mario published his book titled Merger Masters: Tales of Arbitrage (Heilbrunn Center for Graham & Dodd Investing Series. This book presents disclosing profiles of monumentally successful merger investors based on exclusive interviews alongside some of the famous minds to practice the art of arbitrage. The book is also an incomparable set of stories with many unfiltered lessons from the best managers of our time.
He named Paramount Global (NASDAQ:PARA). While Paramount Global (NASDAQ:PARA) was suffering “a negative cash flow problem” for the short term, Mario was bullish on the company in the long-term. GAMCO Investors have a position worth $10.9 million in Paramount Global (NASDAQ:PARA).
In March 1986, his first investment vehicle for the general public, The Gabelli Asset Fund was launched as a no-load fund requiring a minimum of $25,000 to invest. In 1997, when ten Mario equity funds averaged a return of 31.7 percent, the best of any U.S. mutual fund group, Mario was honored by Morningstar, Inc. as the domestic equity fund manager of the year.
In 2023, Mario joined CNBC’s ‘Squawk Box’ to discuss the ongoing market value compared to last year and more.
Gabelli Funds Llc has revealed 1,166 total holdings in their latest SEC filings. The recent portfolio value is calculated to be $ 13,194,772,268 USD. The Actual Assets Under Management (AUM) is this value and cash (which is not revealed).
Mario gets his wealth from his work as a stock investor, investment advisor, and financial commentator who is the creator, chairman, and CEO of Gabelli Asset Management Company Investors (Gamco Investors). Therefore, Mario has accumulated a decent fortune over the years. Mario’s net worth is$1.7 billion.
Mario is an 81-year-old who was born onJune 19, 1942, in The Bronx. New York in the United States. Mario celebrates his birthday on June 19, every year.
Mario is a man of above-average stature who stands at a height of5 ft 11 in( Approx. 1.78m ).
Yes, Mario is married to Regina Pitaro who earned a master’s degree from Loyola University Chicago. Mario has four children from his previous marriage to
Twitter – @MarioGabelli
