Jeff Bewkes, the chief executive officer of Time Warner, will be $79 million richer after Time Warner receives its return from the AOL merger.

After the merger, Bewkes will be considered as a top beneficiary on the roster of the company's shareholders. Bewkes will be joined by stocks investor Mario Gabelli and other clients of Gamco Investors Inc.

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The company's shares even skyrocketed to a 23 percent gain after Rupert Murdoch's $75 million bid to buy the company went public last July 16.

Bewkes and other investors may even gain more if Fox could outbid Murdoch's first offer by pitching $85 a share.

Gabelli, 72, has been committed to the company and has been a loyal investor for more than 40 years. Gabelli, the owner of Warner Communications stock, used to hold about 26 million shares, according to statistics from Bloomberg.

"The company has been doing more or less the right things in terms of growing values, and that's why we own 4 million shares for clients," Gabelli said.

Meanwhile, it is reported that Murdoch is trying to up his bid to Time Warner using proceeds from sales of his Italian and German TV assets.

The company has suffered a great loss during its merger with American Online Inc. in 2000. They lost $114 billion in total investments. In 2009, their shares spiraled down to $13.97, an 85 percent radical drop from their average cost.

Time Warner employees are delighted to get back their investment. For those who stuck with the company amidst the loss, like Barbara Brogliatti, their support has paid off.

"I held the stock to support a company that I loved and I'm thrilled for everyone that is making more money," said Brogliatti. "They got to where they are today because they are working hard and had a plan. Jeff Bewkes has a plan and it is being well-executed."

When Bewkes stepped in as CEO in 2008, the company had a 34 percent overall rise, according to Bloomberg.

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