Rocco Commisso Net Worth

Rocco Commisso Net Worth: An Inside Look at His Wealth and Career

Rocco Commisso is the founder and CEO of Mediacom Communications, a leading cable television and telecommunications company in the United States. Born in Italy, he immigrated to the United States in the early 1960s, where he built his fortune in the telecom industry. He is considered one of the wealthiest people in America, with an estimated net worth of $5.7 billion, according to Forbes.

Early Life and Education

Rocco Commisso was born on August 21, 1949, in Marina di Gioiosa Ionica, a small town in the province of Reggio Calabria, Italy. He was the youngest of six children and grew up in a two-room house with no electricity or running water. His father worked as a tailor, and his mother was a homemaker.

At the age of 12, Commisso immigrated to the United States with his family and settled in the Bronx, New York. He attended Mount Saint Michael Academy, where he played soccer and basketball and earned a scholarship to attend Columbia University.

Commisso graduated from Columbia in 1971 with a degree in electrical engineering. He also played soccer for the university’s varsity team, earning All-Ivy League honors in his senior year.

Career

After graduating from Columbia, Rocco Commisso started his career at the Federal Communications Commission (FCC), where he worked on regulatory issues related to cable television. He later joined the New York City Office of Management and Budget, where he oversaw the city’s cable television franchise agreements.

In 1980, Commisso founded cable television provider Mediacom Communications, which is now the fifth-largest cable company in the United States. Mediacom provides cable television, broadband internet, and phone service to over 1.3 million customers in 22 states.

In addition to his work at Mediacom, Commisso is also the owner of the New York Cosmos soccer team. He purchased the team in 2017 and has since worked to reestablish its presence in the North American soccer market.

Personal Life

Rocco Commisso is married with three children. He is known for his philanthropic efforts, including a $100 million donation to Columbia University’s athletic department in 2015. He also serves on the board of the National Italian American Foundation and has been recognized for his contributions to the Italian-American community.

Real Estate

In addition to his stake in Mediacom, Rocco Commisso also owns a significant portfolio of real estate properties. He owns properties in New York City, including a penthouse apartment on Fifth Avenue, as well as properties in Florida and Italy.

Legacy

Rocco Commisso’s legacy as a successful businessman and philanthropist has influenced many in the telecommunications industry. He has been recognized for his contributions to the Italian-American community and has been a vocal advocate for education and sports.

Frequently Asked Questions:

1. What is Rocco Commisso’s career background?

Rocco Commisso started his career at the Federal Communications Commission (FCC), where he worked on regulatory issues related to cable television. He later joined the New York City Office of Management and Budget, where he oversaw the city’s cable television franchise agreements. In 1980, Commisso founded cable television provider Mediacom Communications, which is now the fifth-largest cable company in the United States.

2. What is Rocco Commisso’s net worth?

Rocco Commisso’s net worth is estimated to be $5.7 billion, according to Forbes.

3. What is Mediacom Communications?

Mediacom Communications is a cable television and telecommunications company founded by Rocco Commisso in 1980. The company provides cable television, broadband internet, and phone service to over 1.3 million customers in 22 states.

4. What philanthropic efforts has Rocco Commisso been involved in?

Rocco Commisso has been involved in a number of philanthropic efforts, including a $100 million donation to Columbia University’s athletic department in 2015. He also serves on the board of the National Italian American Foundation and has been recognized for his contributions to the Italian-American community.

5. What is Rocco Commisso’s involvement with the New York Cosmos soccer team?

Rocco Commisso is the owner of the New York Cosmos soccer team. He purchased the team in 2017 and has since worked to reestablish its presence in the North American soccer market.

6. What real estate properties does Rocco Commisso own?

Rocco Commisso owns properties in New York City, including a penthouse apartment on Fifth Avenue, as well as properties in Florida and Italy.

7. What has Rocco Commisso contributed to the Italian-American community?

Rocco Commisso has been recognized for his contributions to the Italian-American community. He serves on the board of the National Italian American Foundation and has donated funds to support Italian cultural programs in the United States.

8. What has Rocco Commisso said about the importance of education?

Rocco Commisso has been a vocal advocate for education, particularly in the fields of science and technology. He has spoken about the need to provide students with the resources they need to succeed in these fields and has donated funds to support educational programs at Columbia University.

9. How has Rocco Commisso influenced the telecommunications industry?

Rocco Commisso’s success with Mediacom Communications has influenced many in the telecommunications industry. He has been recognized for his innovative ideas and his commitment to providing quality service to his customers.

10. What is Rocco Commisso’s involvement in soccer?

Rocco Commisso is the owner of the New York Cosmos soccer team and has been a longtime supporter of the sport. He has been vocal about the need to improve the state of soccer in the United States and has advocated for changes to the country’s youth soccer programs.

11. What has Rocco Commisso said about the Italian-American experience?

Rocco Commisso has spoken about the challenges of growing up as an Italian immigrant in the United States. He has emphasized the importance of preserving Italian culture and supporting Italian-American institutions.

12. What has Rocco Commisso said about his success?

Rocco Commisso has emphasized the importance of hard work and dedication in achieving success. He has spoken about the challenges he faced early in his career and the lessons he learned along the way.

13. What has Rocco Commisso said about the future of Mediacom Communications?

Rocco Commisso has expressed confidence in the future of Mediacom Communications, emphasizing the company’s commitment to providing quality service to its customers. He has also spoken about the importance of innovation and staying ahead of the competition.

14. What has Rocco Commisso said about the importance of sports?

Rocco Commisso has been a vocal advocate for the importance of sports, particularly soccer. He has spoken about the role that sports can play in promoting physical fitness, teamwork, and leadership skills.

15. What has Rocco Commisso said about his legacy?

Rocco Commisso has emphasized the importance of leaving a positive legacy and giving back to the community. He has spoken about his hopes that his philanthropic efforts will have a lasting impact on the Italian-American community and beyond.