Mario Joseph Gabelli was born on June 19,1942 and is an American stock investor, investment advisor, and financial analyst.
26 Facts About Mario Gabelli
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Mario Gabelli is the founder, chairman, and CEO of Gabelli Asset Management Company Investors, an investment firm headquartered in Rye, New York.
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In January 2000, Gabelli was inducted into the "Barron's All Century Team," their list of the most influential mutual fund industry portfolio managers.
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Mr Mario Gabelli was named an honorary member of Local 6 and the Hotel Trades Council in December 2019 and formally inducted into the Horatio Alger Association of Distinguished Americans in April 2020.
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Mario Gabelli, the son of Italian immigrants, was born in The Bronx and went to Fordham Preparatory School, where he graduated in 1961.
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Mario Gabelli has said he read market reports for fun when he was very young and that he bought his first stock when he was 13 years old.
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Mario Gabelli received his Master of Business Administration degree from Columbia Business School.
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Mario Gabelli put into practice the theory of value investing he had learned at Columbia.
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Mario Gabelli rated companies not by earnings but cash flow, analyzing a firm in great detail to calculate what he called private-market value: not the share price at which a stock was selling on an exchange, but the price per share someone would be willing to pay in order to buy the whole company.
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Signators of The Giving Pledge, Mario Gabelli and his wife Regina joined the cause in 2017, which is a commitment by the world's wealthiest individuals and families to dedicate the majority of their wealth to giving back.
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On November 8,2023, Mario Gabelli was honored with the Alessandro di Montezemolo Lifetime Achievement Award.
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Di Montezemolo's motto was "you make a living by what you do - you make a life by what you give" Mario Gabelli has been on the AICF Board of Directors since 2000.
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On September 28,2023, Mario Gabelli was honored by the National Judicial College with the "Making the World a More Just Place" award.
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In February 2023, Mario Gabelli generously established an endowed professorship in finance at the LePenta School of Business.
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Mario Gabelli is a member of the Wiegand Foundation's board of trustees.
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On October 8,2012, Mario Gabelli was Grand Marshall of the New York City's 68th Annual Columbus Day Parade - the world's largest celebration of Italian-American culture and heritage.
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In 2014, Mario Gabelli funded the university's ability to initiate the Gabelli Ph.
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Previously, Mario Gabelli, who serves on the college's board of trustees, gave $10 million to create the Mario Gabelli Distinguished Presidential Scholars Fund which provides fifteen students with full tuition every year.
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In December 2015, The Mario Gabelli Foundation made a contribution to Boston College to further the Foundation's commitment to the Jesuit philosophy of enhancing the intellectual, spiritual and physical aspects of the whole person.
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In subsequent years, Mario Gabelli has continued to support the school through additional financial pledges.
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In 2011, a gift from Mario Gabelli enabled the Miami Herbert Business School to establish a new endowed professorship.
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Mr Mario Gabelli's father, Joseph Mario Gabelli, was a charter member of both Local 6 and the Hotel Trades Council.
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Frederick J Mancheski, who was Gabelli's first investor in 1976, and David M Perlmutter, a former attorney for Gabelli brought a lawsuit alleging that Gabelli had prevented them from selling at fair market value their stake in his company.
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In 2001, whistleblower Rufus Taylor III filed a civil lawsuit against several companies owned by Mario Gabelli, alleging fraudulent practices in FCC auctions.
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The suit had alleged that the Mario Gabelli-backed false "entrepreneurs" included an NBA player, a related party, a former partner of an accounting firm, an aerobics instructor, and even the caretaker of a vacation home in part owned by Mario Gabelli.
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Taylor's lawsuit said that Mario Gabelli used more than twelve "sham" startup companies to meet the requirements of a small business applicant in the auctions and acquire the licenses at a small business discount.