Mario Joseph Gabelli (born June 19, 1942) is an American stock investor, investment advisor, and financial analyst.
[1] On January 10, 2000, Gabelli was inducted into the "Barron's All Century Team," their list of the most influential mutual fund industry portfolio managers.
[2] Mr. Gabelli was named an honorary member of Local 6 and the Hotel Trades Council in December 2019[3] and formally inducted into the Horatio Alger Association of Distinguished Americans on April 2–4, 2020, during the Association's 73rd Horatio Alger Award Induction Ceremonies in Washington, D.C.[4] Gabelli, the son of Italian immigrants, was born in The Bronx and went to Fordham Preparatory School, where he graduated in 1961.
[8] After graduation, Gabelli accepted a position at Loeb, Rhoades & Co. as a security analyst responsible for coverage of farm equipment, auto parts conglomerates and later media and broadcasting.
Established in honor of Alessandro di Montezemolo, co-founder of the American-Italian Cancer Foundation, the Lifetime Achievement Award recognizes outstanding individuals that exemplify the highest standards of commitment to philanthropy.
For more than 70 years, the Horatio Alger Award has been annually bestowed upon esteemed individuals who have succeeded despite facing adversities, and who have remained committed to higher education and charitable efforts in their communities.
The Fund shall be restricted to support, in perpetuity, a named Professor in the Lubin School of Business Accounting Department.
[citation needed] In December 2013, the University of Nevada, Reno announced it had received a $1.5 million donation from the Gabelli Foundation to help pay for the construction of the E. L. Wiegand Fitness Center.
[17] On October 8, 2012, Gabelli was Grand Marshall of the New York City's 68th Annual Columbus Day Parade - the world's largest celebration of Italian-American culture and heritage.
The gift allowed Fordham, which renamed the undergraduate business college the Gabelli School of Business, to expand student scholarships and faculty chairs, and is crucial to the creation of the Center of Global Investment Analysis which brings together students, faculty and professionals in the financial community to enhance scholarship in the study and understanding of capital markets.
[26] At the December 2019 meeting of the Local 6 Delegate Assembly, the union bestowed an honorary membership to Mario Gabelli, whose support for the Hotel Trades Council's scholarship fund has allowed for more awards and larger grants.
The Ellis Island Honors Society awards the medal to celebrate "inspiring Americans who are selflessly working for the betterment of our country and its citizens."
The Honors Society describes medal recipients as the "best of America in their celebration of patriotism, diversity and the contributions immigrants continue to make to our nation's economic and social success.
Settlement for $100M: In March 2006, a judge awarded partial summary judgment in favor of claims that he had unfairly prevented Mancheski from selling his shares.
[28] The US Government picked up a complaint filed by Rufus Taylor III that alleges that Gabelli and 38 other entities or individuals that participated in a scheme to use "sham" small-business affiliates to fraudulently buy parts of the U.S. cell-phone spectrum.
In 2001, whistleblower Rufus Taylor III filed a civil lawsuit against several companies owned by Gabelli, alleging fraudulent practices in FCC auctions.
[29] The suit had alleged that the Gabelli-backed false "entrepreneurs" included an NBA player, a related party, a former partner of an accounting firm, an aerobics instructor, and even the caretaker of a vacation home in part owned by Gabelli.