[3] Portfolio rose from a $2-a-week messenger to the presidency of the Bank of Sicily in New York and the head of a cloak & suit company, that in 1924 he gifted to six employees.
Between 1917 and 1919 he paid 300,000 Lira ($1.5 million in 2006 US dollars[5]) to install the first electric service in his home town of Schiavi di Abruzzo, Italy.
[8] In 1945 he was a member of a joint committee of influential Italian Americans promoting Allied status for Italy in World War II.
[9] Portfolio died on January 25, 1966, at the age of 88, in Gabriels, in upstate New York, at a tuberculosis cure facility.
[1] Portfolio’s brother in law and biographer was diplomat Paolo Alberto Rossi.