Joe Mansueto
Overview
- Source of Wealth
- Investment research
- Industry
- Finance & Investments
- Residence
- Chicago, Illinois
- Organization
- Chairman and CEO at Morningstar
- Education
- University of Chicago (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 3
Assets
- Morningstar Inc.14,879,000 shares @ --MORN-US
Biography
Joe Mansueto started independent investment research firm Morningstar in 1984 with $80,000 in savings.
Mansueto stepped down as CEO in 2017 after more than 30 years at the helm.
He owns about 36% of the publicly traded firm, which manages or advises on more than $290 billion in assets.
In 2018, the Chicagoan paid $255 million for the iconic Wrigley Building and $106 million to buy the Belden-Stratford apartment building.
Mansueto bought a 49% stake in the Chicago Fire soccer team in 2018; he bought the rest a year later.
In 2025, Mansueto announced plans to finance $650 million to build a new soccer stadium in downtown Chicago, which will seat about 22,000 people.
About
Mansueto and his wife donated $35 million in 2016 to create an institute to study urban innovation at their alma mater, the University of Chicago.
Mansueto owns Inc. and Fast Company magazines.