He was married to Teresa Machinandiarena, and had three children: María Inés, María Jesús, and Víctor. The erroneous popular belief is that he was married to Isabel Sarli. His son, Víctor Bo, was a prominent actor in Argentina during the 70s and 80s. His grandsons, Academy Award winners for Best Original Screenplay Nicolás Giacobone and Armando Bo Jr., credited as Armando Bo, are considered important Writers in their country, and have recently broken into Hollywood, collaborating as screenwriters on two films by Alejandro G. Iñárritu, Biutiful (2010) and Birdman (2014).