Almerindo Portfolio (23 May 1878 – 23 January 1966) was an Italian-born American banker and financier. He was

treasurer A treasurer is the person responsible for running the treasury of an organization. The significant core functions of a corporate treasurer include cash and liquidity management, risk management, and corporate finance. Government The treasury o ...

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

under Mayor

Fiorello La Guardia Fiorello Henry LaGuardia (; born Fiorello Enrico LaGuardia, ; December 11, 1882September 20, 1947) was an American attorney and politician who represented New York in the House of Representatives and served as the 99th Mayor of New York City fro ...

.Almerindo Portfolio, 88, Dead; City Treasurer for La Guardia; Immigrant Built Fortune, Then Gave Business to Workers Headed Bank
www.nytimes.com, January 25, 1966 He was an

immigrant Immigration is the international movement of people to a destination country of which they are not natives or where they do not possess citizenship in order to settle as permanent residents or naturalized citizens. Commuters, tourists, and ...

from

Schiavi di Abruzzo Schiavi di Abruzzo is a hill town in the province of Chieti, Abruzzo, central Italy. It is located in the Apennine Mountains, in the southernmost portion of the Abruzzo region, on border with the Molise region. It is , from the Adriatic Sea, ...

, Italy in 1888. In 1908 he legally changed his name from Almerindo Porfilio. Portfolio rose from a $2-a-week messenger to the presidency of the Bank of Sicily in New York and the head of a cloak & suit company, that in 1924 he gifted to six employees. He also worked as a newspaper publisher, commodity trader, and investment banker. Between 1917 and 1919 he paid 300,000 Lira ($1.5 million in 2006 US dollars) to install the first electric service in his home town of

, Italy. He later gave 50,000 Lira ($255,000 in 2006 US dollars) for the town's water utilities. In 1940 Portfolio was a delegate to the

Republican National Convention The Republican National Convention (RNC) is a series of presidential nominating conventions held every four years since 1856 by the United States Republican Party. They are administered by the Republican National Committee. The goal of the Repu ...

. In 1945 he was a member of a joint committee of influential Italian Americans promoting Allied status for Italy in World War II.ITALIAN-AMERICANS ORGANIZE TO DEMAND ALLIED STATUS FOR ITALY
CIA Document, www.faqs.org, 4/6/1945 Portfolio died on January 25, 1966, at the age of 88, in Gabriels, in upstate New York, at a

tuberculosis Tuberculosis (TB) is an infectious disease usually caused by '' Mycobacterium tuberculosis'' (MTB) bacteria. Tuberculosis generally affects the lungs, but it can also affect other parts of the body. Most infections show no symptoms, in ...

cure facility. Portfolio’s brother in law and biographer was diplomat Paolo Alberto Rossi.

References

External links

Official website
* Biography, in Italian
La Vita di Almerindo Portfolio, by Paolo A. Rossi (1966)

Reflections by Pasqualino Falasca
with permission of author, ''in Italian''. {{DEFAULTSORT:Portfolio, Almerindo 1878 births 1966 deaths Politicians from New York City American people of Italian descent

See also

References

External links