Career
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 ($15 million in 2006 United States dollars) 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 United States dollars) for the town"s water utilities.
In 1940 Portfolio was a delegate to the Republican National Convention. Portfolio died on January 25, 1966 at the age of 88, in Gabriels, in upstate New York, at a tuberculosis cure facility.