Joseph Daniel Mansueto (born September 3, 1956) is an American billionaire entrepreneur; the founder, majority owner and executive chairman of Morningstar, Inc.
Early life and education
Joe Mansueto was born in Munster, Indiana, the son of Mario Mansueto, an Italian doctor. He attended Munster High School and graduated with a bachelor’s and master’s degrees in Business Administration from the University of Chicago.
Career
In 1984 Mansueto founded Morningstar out of his home with $80,000. Morningstar went public in May 2005.
Mansueto purchased the financial magazines Inc. and Fast Company in June 2005. He was a limited partner in the publication of the entertainment magazine Time Out Chicago from 2005 to 2013.
As of June 2008, Mansueto owned about 60.4% of Morningstar common stock. In 2011, his majority ownership of Morningstar gained him inclusion on the Forbes World’s Billionaires list, with a net worth at time of publication of $1.6 billion.
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.
| Joe Mansueto | |
|---|---|
| Born | Joseph Daniel Mansueto September 3, 1956 Munster, Indiana, US |
| Nationality | American |
| Education | Munster High School |
| Alma mater | University of Chicago |
| Known for | Founder and executive chairman of Morningstar, Inc. |
| Net worth | US$2.2 billion (September 2015) |
| Spouse(s) | Rika Yoshida |
| Children | 3 |
Joe Mansueto net worth: Joe Mansueto is an American businessman and entrepreneur who has a net worth of $1.93 billion dollars. Joseph D. Mansueto was born in Munster, Indiana in September 1956. He is best known for being the founder and CEO of Morningstar, Inc. Mansueto graduated from the University of Chicago and earned his Bachelor’s and MBA degrees. He started Morningstar out of his home in 1984 for $80,000. Morningstar is an investment research and management firm that is headquartered in Chicago, Illinois. The company went public in 2005 and in 2013 their revenue was just shy of $700 million. In 2005 Mansueto purchased the financial magazines Fast Company and Inc. As of 2008 he owned more than 60% of common stock in Morningstar. He invested in Wrapports which purchased the Chicago Sun-Times in 2011. Joe owned a stake in Time Out Chicago magazine which he sold in 2013. Joe married Rika Yoshida in 1988. The couple pledged $25 million for the expansion of the University of Chicago library in 2008. The couple has three children together. In 2011 Mansueto gained inclusion on the Forbes World’s Billionaires list.
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