Mario Gabelli

Mario Gabelli Brief Biography

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.

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