ɪt wʌz fˈaʊndᵻd baɪ ænd ɪz mədʒˈɔːɹᵻɾi ˈoʊnd baɪ mˈɑːɹɹɪˌoʊ ɡæbˈɛli, hˌuː hɐz kjˈuːmjʊlətˌɪvli ˈɜːnd mˈoːɹ ðɐn dˈɑːlɚ sˈɛvənhˈʌndɹɪd fˈɪfti mˈɪliən ɪn kˌɑːmpənsˈeɪʃən fɹʌmðə kˈʌmpəni.
It was founded by and is majority owned by Mario Gabelli, who has cumulatively earned more than $750 million in compensation from the company.