As of 2024, Marc Gabelli has a net worth of $2 million. Based in New York, he is well-known for his skillful management of investment funds and his leadership of 16 companies. His impressive career highlights his effective leadership and strategic vision. Marc is currently the Chairman & Co-CEO of LGL Group, Inc., where his management abilities stand out. Beyond LGL Group, he plays key roles in various other organizations, demonstrating his versatility and influence in the business world. His achievements have earned him considerable respect and recognition in the finance and business sectors.
Marc Gabelli, following in the footsteps of his famous father Mario Joseph Gabelli, has made a name for himself in finance. His career has been marked by significant achievements, though not without challenges. The 2011 legal issues involving market timing were a tough period for Marc, testing his resilience. Despite these setbacks, he has continued to succeed, showing a strong commitment to his work. His ability to overcome obstacles with determination has solidified his reputation in the finance world and earned him respect from peers. Marc’s journey highlights his dedication and persistence in finance.
| Field | Information |
| Full/Real name | Marc Joseph Gabelli |
| Nick/Popular name | Marc Gabelli |
| Birth date | June 19, 1967 |
| Birthplace | The Bronx, New York, U.S. |
| Nationality | American |
| Age (As of 2023) | 56 years old |
| Zodiac Sign | Gemini |
| Gender | Male |
| Sexual Orientation | Straight |
| Father | Mario Joseph Gabelli |
| Mother | Elaine Gabelli |
| Marital Status | Married |
| Spouse | Jessica Gabelli |
| Famous For | Being the Mario Joseph Gabelli’s Son |
| Height | 5’8″, 176cm |
| Weight | 75 kg, 121.254 pounds |
| Education | Fordham UniversityColumbia Business School |
| Profession | Marc Gabelli is a businessman and investor from the USA by Profession. |
Marc Joseph Gabelli, who is also known as Nikki Glaser, was born on June 19, 1967, in The Bronx, New York, USA. As a Gemini, Marc is known for his vibrant and adaptable nature. He began his educational journey at Fordham Preparatory School and continued at Boston College for his undergraduate degree. Driven by a passion for learning, Marc pursued a graduate degree at Harvard University and later earned an MBA from MIT Sloan School of Management. His commitment to education reflects his dedication to personal and professional growth. Currently, Marc holds the position of Executive Director at Associated Capital, Inc., where he demonstrates his leadership and strategic skills in the finance industry. His impressive career and achievements highlight his determination and success in his field.
Marc Gabelli’s family is deeply rooted in his parents, Mario and Elaine Gabelli. Mario Gabelli, born June 19, 1942, is a prominent figure in finance. Known for his expertise as a stock investor and financial analyst, Mario has significantly impacted the industry.
In 1976, Mario founded Gabelli & Co., using borrowed money and earnings from his trades. This venture led to the creation of Gabelli Investors, now known as Gamco Investors, a firm dedicated to managing funds for clients. His achievements were recognized when he was named to Barron’s All-Century Team in 2000.
Mario’s contributions extend beyond finance. He was honored with memberships in Local 6 and the Hotel Trades Council in December 2019 and was inducted into the Horatio Alger Association of Distinguished Britons in April 2020. As of December 2023, Forbes listed him as a billionaire with a net worth of £1.7 billion.
Marc Gabelli’s educational journey highlights his dedication to excellence through prestigious institutions. He started at Fordham Preparatory School, setting a solid foundation for his future. Marc then earned his undergraduate degree from Boston College, known for its strong academic reputation. Eager to broaden his knowledge, he pursued an MBA at MIT Sloan School of Management, gaining valuable business insights. His quest for learning continued at Harvard University, where he added another degree to his achievements. Marc’s education at these top institutions underscores his commitment to growth and has been instrumental in his successful finance career.
Marc Gabelli’s career is marked by influential contributions to banking and investment. He started at Lehman Brothers International, focusing on equity arbitrage, and soon moved on to manage hedge funds in 1990. By 1994, he expanded his role to include traditional asset management.
A key moment in his career came with the successful IPO of GAMCO Investors, Inc. in February 1999, showcasing his leadership and marking a new chapter for the company. In 2000, Marc further broadened his influence by opening the Gabelli London branch, followed by the Gabelli Tokyo office in 2009, reinforcing the company’s global presence.
Marc holds several prominent positions, including Chairman of M-tron Industries, Inc., Gabelli Merger Plus+ Trust Plc, and Gabelli & Partners Italia SRL, where he is also CEO. He is President and CEO of Gabelli Value for Italy SpA and Co-Chairman of GGCP, Inc. He also oversees foreign investments as President, CEO, and Portfolio Manager of Gabelli Securities International Ltd. Marc is dedicated to community service, being a founding trustee of New York Nativity and a trustee at Greenwich Hospital, where he supports various charitable efforts.
Mr. Gabelli is a prominent figure in various business ventures, skillfully leading with vision and expertise. As a top executive at MtronPTI, Teton Advisors, Inc., and Gabelli Private Equity Partners LLC, he excels in guiding different industries with confidence. Additionally, his role as Chairman & Co-CEO of PMV Consumer Acquisition Corp. highlights his dynamic approach and dedication to growth and innovation.
In each position, Mr. Gabelli combines extensive experience with a strategic outlook, ensuring success and development across the board. His ability to manage multiple roles reflects both his leadership skills and his deep knowledge of various business areas. His commitment to excellence and hands-on style has earned him respect in the business world. Overall, Mr. Gabelli’s unified vision and meticulous attention to detail make him a standout leader shaping the future of several industries.
Mr. Gabelli’s influence reaches far beyond borders, significantly impacting global business ventures. As Co-Chairman at GGCP, Inc., and Gabelli Merger Plus+ Trust Plc., he helps guide these organizations on an international scale. His leadership also extends to Italy, where he is Chairman & CEO of Gabelli & Partners Italia SRL, showing his skill in navigating the Italian market. Furthermore, as President & CEO of Gabelli Securities International Ltd., he oversees international operations and fosters growth across various markets. His global roles highlight his reputation as a forward-thinking leader with a keen grasp of worldwide business trends.
Marc Gabelli is happily married to Jessica Gabelli, and their relationship is a cornerstone of his life. Jessica’s support and partnership enrich both Marc’s personal and professional experiences. While Marc is known for his successful career, his marriage highlights the importance of love and family. Together, Marc and Jessica face life’s challenges and celebrate its joys, showing how a strong and supportive partnership can bring depth and meaning to one’s journey. Their bond not only bolsters Marc’s determination but also adds a significant personal dimension to his life.
In 2011, Marc Gabelli faced a high-profile legal battle overseen by Judge Jed Rakoff of the U.S. District Court for the Southern District of New York. The trial centered on claims that Gabelli had misled investors in a mutual fund managed by his firm, GAMCO Investors, leading to significant shareholder losses.
The controversy involved Gabelli’s role with the Gabelli Growth Fund. Najy Nasser, the hedge fund manager from Folkes Asset Management (later Headstart Advisers Ltd.), was a key figure in the case. The issue was a deal that allowed Nasser’s fund to buy shares of Gabelli Growth at a discount, potentially hurting other investors.
The SEC sued Gabelli, accusing him and another individual, Alpert, of letting Headstart exploit pricing gaps in the fund between 1999 and 2002. The case intensified when it was suggested that Gabelli had allowed Headstart to increase its market timing investments in exchange for a substantial investment in one of Gabelli’s hedge funds. This raised questions about the nature and timing of their agreement.
Marc Gabelli, a key player in finance and investments, has a net worth of $2 million as of 2024, according to Forbes Magazine. He’s reached notable career milestones, including leading GAMCO Investors, Inc.’s IPO in 1999. Gabelli has expanded internationally, opening branches in London and Tokyo.
He holds important roles in companies like M-tron Industries, Gabelli Merger Plus+ Trust Plc, and Gabelli Private Equity Partners LLC. His career started at Lehman Brothers International, where he focused on equity arbitrage. Gabelli is also well-educated, with degrees from Boston College, MIT Sloan School of Management, and Harvard University.
Besides his professional work, Gabelli is active in community service as a founding trustee of New York Nativity and a trustee at Greenwich Hospital. Though he has faced legal challenges, including a 2011 trial involving investor claims, his impact on the financial sector is notable.