Mario Gabelli Net Worth: $1.86 Billion

Mario Gabelli is an American stock investor, investment advisor, and financial analyst. He is the founder, chairman and CEO of Gamco Investors, a global investment firm with over $30 billion under management. He was born in the Bronx, New York City in 1942 and started buying stocks at the age of 13.

Gabelli attended Fordham University and Columbia Business School, where he was taught by the best value investing professor at the time, Roger Murray. After graduation, he worked at Loeb, Rhoades & Co. before starting Gamco Investors in 1977.

Gabelli does not receive salary, bonuses, or stock options. Instead, he prefers to be paid by a management-fee-based compensation. In 2013, he received $68 million.

Aside from his successful career in finance, Gabelli is also known for his philanthropy. He donated $25 million to Fordham University in 2010, which is considered as the largest single donation in the school’s history. In 2013, he pledged $15 million to support the construction of a new Columbia Business School campus.

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