| Joe Mansueto | |
| Birth Name: | Joseph Daniel Mansueto |
| Birth Date: | 3 September 1956 |
| Birth Place: | Munster, Indiana, U.S. |
| Spouse: | Rika Yoshida |
| Children: | 3 |
| Education: | University of Chicago (AB, MBA) |
| Known For: | Founder, majority owner and executive chairman of Morningstar, Inc. Owner of Chicago Fire FC and FC Lugano |
Joseph Daniel Mansueto (born September 3, 1956) is an American billionaire entrepreneur; the founder, majority owner and executive chairman of Morningstar, Inc.[1] he is also the owner of Major League Soccer club Chicago Fire FC[2] and Swiss Super League club FC Lugano.
Joe Mansueto was born in Munster, Indiana, the son of Mario Mansueto, an Italian doctor.[3] [4] He attended Munster High School[5] and graduated with a bachelor's and master's degrees in Business Administration from the University of Chicago.[6]
In 1984, Mansueto founded Morningstar out of his home[4] with $80,000. Morningstar went public in May 2005.[4]
Through his company Mansueto Ventures, Mansueto purchased the financial magazines Inc. and Fast Company in June 2005.[4] He was a limited partner in the publication of the entertainment magazine Time Out Chicago from 2005 to 2013.[7]
Mansueto owned about 60.4% of Morningstar common stock.[8]
In September 2016, Morningstar announced that it had appointed Kunal Kapoor as chief executive officer, effective January 2017, with Mansueto becoming executive chairman at the same time.[9] [1]
In July 2018, it was announced that Mansueto had purchased a 49 percent stake in the Chicago Fire, a Major League Soccer team based in Bridgeview, Illinois.[10] On September 13, 2019, it was announced that Mansueto had acquired full control of the Fire from Andrew Hauptman ahead of the club's move to Soldier Field.[11]
In August 2021, it was announced that Mansueto had purchased FC Lugano, a soccer team competing in the Swiss Super League, and that they would work with Chicago Fire, interchanging players when needed.[12]
In 2024, his majority ownership of Morningstar gained him inclusion on the Forbes World's Billionaires list, with a net worth at time of publication of $6.7 billion.[13]
In May 2008 it was announced that Mansueto and his wife Rika pledged $25 million to the expansion of the Joseph Regenstein Library at the University of Chicago. The new wing, called the Joe and Rika Mansueto Library and designed by Chicago-based architect Helmut Jahn, was completed on May 16, 2011.
Mansueto was the only Chicagoan on the list of American billionaires pledging to give away half of their wealth,[14] as part of The Giving Pledge started by Warren Buffett.[15]
In the spring of 2016, Mansueto and his wife Rika announced a donation of $35 million to found the Mansueto Institute for Urban Innovation, a part of the University of Chicago committed to advancing urban science through interdisciplinary scholarship.[16]
In 1998, Mansueto married Japanese-American Rika Yoshida, a Morningstar analyst. They have three children, Jenna, Daniel, and Johnny,[17] and live in a home in Lincoln Park, Chicago that cost an estimated $22 million to build.[18]
Mansueto's younger brother John died in 2003 of West Nile virus.