Almerindo Portfolio

{{Infobox person

| name = Almerindo Portfolio

| image =

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| birth_date = 23 May 1878

| birth_place = Schiavi di Abruzzo, Italy

| death_date = 23 January 1966

| death_place = Gabriels, New York, USA

| occupation = Businessman, New York City Treasurer

| spouse =

| nationality = Italian American

| education =

| parents =

| children = 2 daughters}}

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.[https://www.nytimes.com/1966/01/26/archives/almerindo-portfolio-88-dead-city-treasurer-for-la-guardia-immigrant.html 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 from Schiavi di Abruzzo, Italy in 1888.

[http://www.lookupthe.name/italians.php?f=ln&q=Porfilio Porfilio Surname : Italian Immigration to America], [http://www.lookupthe.name www.lookupthe.name], on the ship [http://www.wrecksite.eu/wreck.aspx?155176 SS Letimbro]

In 1908 he legally changed his name from Almerindo Porfilio.[https://books.google.com/books?id=BRaxAAAAIAAJ&dq=%22Almerindo+Porfilio%22&pg=PA1844 Laws of the State of New York, Volume 2], By New York (State), 1909, Google Books

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.[https://web.archive.org/web/20081214212836/http://www.time.com/time/magazine/article/0,9171,761672,00.html Radio: Cause], Jul. 10, 1939, www.time.com 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 dollarsAssuming that 300,000 lira in 1918 was equivalent to $47,600, based on a 6.3 lira per dollar exchange rate as reported by [https://books.google.com/books?id=mN9r38uIFl8C&dq=exchange+rate+in+1918+lira&pg=PA189 The Crisis of Liberal Italy By Douglas J. Forsyth], page 205, at a time when the average family annual income was $1,518 as reported by [https://www.bls.gov/opub/uscs/1918-19.pdf Economic and demographic indicators, United States, 1918–19] {{webarchive |url=https://web.archive.org/web/20160416055226/https://www.bls.gov/opub/uscs/1918-19.pdf |date=April 16, 2016 }}, so the sum was 41 times average family annual income, and given that 2006 median family income was $48,800.) to install the first electric service in his home town of Schiavi di Abruzzo, Italy. He later gave 50,000 Lira ($255,000 in 2006 US dollarsIbid, 5.2 times average family annual income.) for the town's water utilities.Schiavi di Abruzzo, Documenti e Storia, edited by L. Porfilio and P. Falasca, Marino Solfanelli Publishers, 1994, {{ISBN|88-7497-621-6}}., Page 232.

In 1940 Portfolio was a delegate to the Republican National Convention.[http://politicalgraveyard.com/parties/R/1940/NY.html New York Delegation to the 1940 Republican National Convention], www.politicalgraveyard.com In 1945 he was a member of a joint committee of influential Italian Americans promoting Allied status for Italy in World War II.[http://www.faqs.org/cia/docs/133/0000220944/ITALIAN-AMERICANS-ORGANIZE-TO-DEMAND-ALLIED-STATUS-FOR-ITALY.html 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 cure facility.

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