Almerindo Portfolio

Almerindo Portfolio (23 May 1878 – 23 January 1966) was an Italian-born American banker and financier. He was treasurer of New York City under Mayor Fiorello La Guardia.^[1] He was an immigrant from Schiavi di Abruzzo, Italy in 1888. ^[2] In 1908 he legally changed his name from Almerindo Porfilio.^[3]

Almerindo Portfolio
Born	23 May 1878 Schiavi di Abruzzo, Italy
Died	23 January 1966 Gabriels, New York, USA
Nationality	Italian American
Occupation(s)	Businessman, New York City Treasurer
Children	2 daughters

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.^[4] He also worked as a newspaper publisher, commodity trader, and investment banker.

Between 1917 and 1919 he paid 300,000 Lira ($2 million in 2025 US dollars^[5]) to install the first electric service in his home town of Schiavi di Abruzzo, Italy. He later gave 50,000 Lira ($370,000 in 2025 US dollars^[6]) for the town's water utilities.^[7]

In 1940 Portfolio was a delegate to the Republican National Convention.^[8] In 1945 he was a member of a joint committee of influential Italian Americans promoting Allied status for Italy in World War II.^[9]

Portfolio died on January 25, 1966, at the age of 88, in Gabriels, in upstate New York, at a tuberculosis cure facility.^[1]

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

See also

• List of Italian Americans