What is Marc Gabelli Net Worth?

Marc Gabelli Net Worth and Insider Trading

Marc Gabelli, the son of Mario Gabelli, is a prominent figure in the financial world with an estimated net worth of at least $2 million as of 2024. He serves as the Director of LGL Group Inc and owns a substantial number of shares in both LGL Group Inc and GAMCO Investors Inc. His financial acumen and strategic investments have contributed to his success in the industry.

Insider Trading Summary

According to SEC filings, Marc Gabelli’s latest holdings indicate his ownership of 368,377 shares of LGL Group Inc and 1,237 shares of GAMCO Investors Inc. These holdings are valued at over $2 million and $24,728 respectively. The data is based on assumptions that there have been no recent transactions by Marc Gabelli.

Transaction History

Over the past 5 years, Marc Gabelli has not engaged in any transactions involving LGL Group Inc or GAMCO Investors Inc. His commitment to these holdings demonstrates a long-term investment strategy focused on stability and growth.

Trading Performance

GuruFocus tracks the stock performance following Marc Gabelli’s buying transactions. On average, stocks purchased by Marc Gabelli have shown a return of 0.61% after 3 months. His trading performance has outperformed the market benchmark, the S&P 500, in 3 out of 8 transactions within the same period.

Mario Gabelli – A Financial Icon

Mario Gabelli, the father of Marc Gabelli, is a renowned stock investor and financial analyst. With a net worth of $1.7 billion as of December 2024, he is the founder, chairman, and CEO of Gabelli Asset Management Company Investors. Mario Gabelli’s contributions to the investment industry have earned him accolades such as being inducted into the “Barron’s All Century Team” and receiving the Money Manager of the Year award in 2010.

Philanthropic Endeavors

Aside from his success in finance, Mario Gabelli is also known for his philanthropy. He and his wife, Regina, are signatories of The Giving Pledge, committing to dedicate the majority of their wealth to charitable causes. Mario Gabelli has made significant contributions to various institutions and organizations, including the American-Italian Cancer Foundation, National Judicial College, and several universities.

Legacy and Recognition

Mario Gabelli’s impact extends beyond the financial realm. He has been honored with awards such as the Horatio Alger Award and has established endowed professorships in finance at multiple universities. His commitment to education and philanthropy underscores his dedication to giving back to society and nurturing future generations of leaders in the field of finance.

FAQs about Marc Gabelli

1. What is Marc Gabelli’s estimated net worth?

As of 2024, Marc Gabelli’s net worth is estimated to be at least $2 million based on his holdings in LGL Group Inc and GAMCO Investors Inc.

2. How has Marc Gabelli’s trading performance been?

On average, stocks purchased by Marc Gabelli have shown a return of 0.61% after 3 months, outperforming the market benchmark in 3 out of 8 transactions.

3. What philanthropic causes is Mario Gabelli involved in?

Mario Gabelli is involved in various philanthropic endeavors, including contributions to the American-Italian Cancer Foundation, National Judicial College, and several universities.

4. What awards has Mario Gabelli received for his contributions to the financial industry?

Mario Gabelli has been inducted into the “Barron’s All Century Team” and received the Money Manager of the Year award in 2010 for his outstanding performance in the investment management sector.

5. How has Mario Gabelli’s legacy influenced the field of finance?

Mario Gabelli’s legacy includes establishing endowed professorships in finance at multiple universities and supporting educational initiatives to foster the growth of future financial leaders.