Almerindo Portfolio

Who was Almerindo Portfolio?

Almerindo Portfolio, was treasurer of New York City under Mayor Fiorello LaGuardia. An immigrant from 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 and the head of a cloak & suit concern, which in 1924 he gave to six employees. He also worked as a newspaper publisher, commodity trader, and investment banker.

Between 1917 and 1919 he paid 300,000 Lira to install the first electric service in his home town of Schiavi di Abruzzo, Italy. He later gave 50,000 Lira for the town's water utilities.

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

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