Marc Gabelli is a prominent figure in the investment industry, known for his roles as a director and President of GGCP, a director of Associated Capital Group and a Senior Portfolio Manager at Gabelli.
He played a key role in the initial public offering of GAMCO Investors, Inc. and ACG.
With a focus on global, catalyst-driven value investing, he has managed various mutual funds and led the establishment of Gabelli & Partners’ hedge fund platform.
Gabelli holds an MBA from MIT Sloan School of Management and a BA from Boston College.
He is actively involved in educational charities and serves on the board of the Sutton Trust in the UK.
Additionally, he is the Chairman of the LGL Group and the Gabelli Merger Plus Trust and a director of LICT Corporation.
Early career
Gabelli’s early career was shaped by his upbringing in an investment-centric household and his educational background.
Born into a family deeply rooted in finance, with his father Mario Gabelli being a legendary figure in the industry, Marc was exposed to the intricacies of investment management from a young age.
He gained valuable experience working alongside his father at GAMCO Investors, Inc., learning the fundamentals of investment management and honing his analytical skills.
This early exposure provided him with a solid foundation for his future career in finance.
Gabelli’s entrepreneurial spirit led him to venture into various business opportunities, co-founding successful companies across different sectors like technology, media and entertainment.
His ability to identify promising investment opportunities and navigate the complexities of the business world marked the beginning of his successful career in finance and entrepreneurship.
Net worth
Gabelli’s net worth is estimated to be around $12.4 million as of February 2024.
This figure is based on his reported shares across multiple companies, including LYNCH.
Additionally, his estimated net worth was at least $2.13 million as of November 19, 2019, with ownership of over 2,824 units of Associated Capital Inc stock worth over $2,025,992.
Gabelli also receives a salary of $85,000 as the Executive Director at Associated Capital Inc.
His financial activities include trading stocks, with the largest trade involving exercising 2,824 units of Associated Capital Inc stock on November 19, 2019.
How did Marc Gabelli make his fortune?
Gabelli made his fortune through entrepreneurial ventures and co-founding successful companies in various sectors like technology, media and entertainment.
His early exposure working alongside his father at GAMCO Investors, learning investment management intricacies, and honing analytical skills laid a solid foundation for his career.
One of his notable ventures was founding Gabelli Multimedia Funds, specializing in media and technology investments, which achieved significant growth and success under his leadership.
Gabelli’s ability to identify promising investment opportunities and navigate the complexities of the business world contributed to his financial success and reputation as a visionary investor.
Salary
Gabelli receives a total compensation of $85,000.
This compensation is part of his role at Associated Capital Inc, where he also owns over 2,824 units of the company’s stock worth more than $2 million.
Additionally, Marc Gabelli has made significant contributions to the company through his position as an Executive Director, showcasing his involvement in the financial sector and his dedication to his role within the organization.
Family
Gabelli comes from a family deeply involved in finance and investment.
His father, Mario Gabelli, is a renowned figure in the finance industry, known for founding GAMCO Investors, Inc., a leading investment management firm.
Mario is a stock investor, investment advisor, and financial analyst.
He is the founder, chairman, and CEO of Gabelli Asset Management Company Investors (Gamco Investors).
Marc, Mario’s son, has followed in his father’s footsteps, making significant contributions to the investment industry.
Marc co-founded successful companies, including Gabelli Multimedia Funds, specializing in media and technology investments.
He is known for his entrepreneurial ventures, expertise in value investing, and philanthropic activities.
The Gabelli family’s involvement in finance extends across generations, with Mario and Marc Gabelli making substantial impacts in the investment world through their entrepreneurial endeavors and financial expertise.
Gabelli Asset Management company
Gabelli Asset Management Inc. is a holding company overseeing subsidiaries engaged in managing mutual funds, providing advisory services to investors and offering alternative investment products like risk arbitrage and merchant banking.
Founded in 1976 as Gabelli & Co., the company manages assets exceeding $16 billion and is known for its boss, Gabelli, a prominent figure in the finance industry.
The firm, now known as GAMCO Investors, Inc., is a public company with Mario Gabelli as the CEO and Chairman, managing assets totaling over $31.1 billion as of December 31, 2023.
Gabelli Asset Management has a history of growth and success, with Gabelli’s investment skill and work ethic driving its impressive performance and expansion.