[2] It was founded by and is majority owned by Mario Gabelli, who has cumulatively earned more than $750 million in compensation from the company.

[3] The company was founded in 1976 to provide discretionary investment services to a broad spectrum of investors.

[2] In February 1999, the company held an IPO on the New York Stock Exchange under the symbol GBL.

[4][5] Per an agreement with the company upon its IPO, Mario Gabelli received 10 percent of its pretax profits in compensation.

[11][6] Also in 2006, Gabelli faced a civil investigation from the U.S. Department of Justice as to whether he purposefully deceived the FCC when bidding to purchase segments of the wireless spectrum.