Carlo Gambino Net Worth (Updated 2025).

Carlo Gambino, born in 1902, began his criminal career in the early 1920s as a member of the Morello crime family in New York City. He initially worked as a laborer and a bookmaker, gradually climbing the ranks through his sharp business acumen and ruthless tactics.

In the late 1930s, Gambino’s reputation grew as he became a key figure in the infamous “Castellammarese War,” a power struggle within the Mafia. His strategic alliances and brutal tactics helped him survive the war and emerge as a prominent figure in the newly formed Five Families of New York City’s organized crime.

Carlo Gambino’s Current Net Worth (2025)

As of 2025, Carlo Gambino’s current net worth is estimated to be around $75 million. This figure is based on the latest available information and takes into account his extensive business ventures and investments.

Career

Carlo Gambino, born in 1902, rose to power in the American Mafia during the mid-20th century. He became the boss of the Gambino crime family, one of the “Five Families” that dominated organized crime in the United States. Gambino’s leadership was marked by his ability to expand the family’s influence and profits through legitimate businesses, making him one of the most powerful and respected figures in the Mafia.

Other Ventures

Beyond his criminal activities, Gambino also invested in legitimate businesses to launder money and diversify his income. These ventures included construction, trucking, and labor unions. He was also known to have interests in horse racing and gambling establishments. His business acumen helped to further increase his wealth and influence.

Assets

Carlo Gambino’s assets included real estate, both residential and commercial, spread across the United States. He also owned several businesses, including a construction company and a trucking firm. His personal residence in Brooklyn, New York, was estimated to be worth millions. His assets were often held under the names of family members or shell corporations to avoid detection.

Annual Income

While it’s challenging to pinpoint Carlo Gambino’s exact annual income due to the illicit nature of many of his activities, it’s estimated that at the height of his power, his annual income was in the tens of millions of dollars. This income came from a variety of sources, including extortion, loansharking, gambling, and his legitimate businesses. His income was often reinvested into his criminal empire or used to purchase assets.

Frequently Asked Questions about  Carlo Gambino

Frequently Asked Questions: Carlo Gambino Net Worth

1. What was Carlo Gambino’s net worth?

Carlo Gambino’s net worth was estimated to be around $400 million at the time of his death.

2. How did Carlo Gambino make his money?

Carlo Gambino made his fortune through his involvement in organized crime, specifically in the Italian-American mafia. He was a prominent figure in the Gambino crime family, which was named after him.

3. When was Carlo Gambino born?

Carlo Gambino was born on August 24, 1902, in Castellammare del Golfo, Sicily, Italy.

4. When did Carlo Gambino die?

Carlo Gambino died on October 15, 1976, in New York City, New York, USA.

5. What was Carlo Gambino’s role in the Italian-American mafia?

Carlo Gambino was a powerful boss in the Italian-American mafia. He was the boss of the Gambino crime family, one of the Five Families that dominated organized crime in New York City.

6. How did Carlo Gambino become the boss of the Gambino crime family?

Carlo Gambino became the boss of the Gambino crime family after the death of his predecessor, Albert Anastasia, in 1957. He was chosen as the new boss by the family’s members.

7. What was Carlo Gambino’s role in the Commission?

The Commission was a ruling body of the American mafia, and Carlo Gambino was one of its members. He was a part of the Commission that was formed in the 1930s to resolve disputes and maintain order among the different mafia families.

8. Was Carlo Gambino ever convicted of a crime?

Despite his involvement in organized crime, Carlo Gambino was never convicted of a crime. He was arrested several times but always managed to avoid conviction.

9. What was Carlo Gambino’s relationship with his son, Paul Gambino?

Carlo Gambino had a close relationship with his son, Paul Gambino. Paul eventually took over as the boss of the Gambino crime family after his father’s death.

10. Where is Carlo Gambino buried?

Carlo Gambino is buried in St. John’s Cemetery in Queens, New York.