Robert Frank Agostinelli (born May 21, 1953) is is the chairman and co-founder of private equity firm Rhone Group and an Italian American self-made billionaire. According to Forbes, Robert Agostinelli has a net worth of $1.0 billion as of March 2012 ranking him at #416 among American billionaires. In correlation, The Sunday Times Rich List and Financial News reported Robert Agostinelli’s net worth at £630 million as of 2012 ranking him at #124 among the richest people in the United Kingdom.
Early Life and Education
Agostinelli is also a Certified Public Accountant (CPA).
Agostinelli was born to Italian immigrant parents outside of Rochester, New York and attended the Aquinas Institute in suburban Rochester. He went on to obtain his BA from St. John Fisher College in 1976 and then attended Columbia University where he received his MBA and graduated in 1981 with highest honors and is on the Alumni Board.
Agostinelli began his career in financial services at the Investment Bank Jacob Rothschild from 1981-1982 and then joined Goldman Sachs where he worked for five years and founded the firm’s international mergers and acquisitions business in London. Agostinelli then went on to become a senior partner at Lazard Freres in New York from 1987 to 1995. After which point Agostinelli together with partner Steven Langman then went on to start their own firm, the Rhone Group where he continues to work today.
Politics and Philanthropy
In 2008 Agostinelli provided substantial funding to the Presidential Campaigns of John McCain and Rudy Giuliani. Agostinelli is a member of the Council on Foreign Relations (CFR) and a major supporter of Zionist and neoconservative causes. He is one of the Founding Members of the Friends of Israel Initiative (FII).
Agostinelli is also known for regularly writing articles in the Wall Street Journal on various controversial political, economic and social issues. As well as supporting The American Jewish Committee Magazine.
He is also a senior member of the Marine Corps Scholarship Foundation led by The American Patriots Campaign Cabinet. He is also a Senior Board Director on the American Italian Cancer Foundation.