Joe Mansueto Biography
Joe Mansueto is an American billionaire entrepreneur who founded, owns a controlling stake in, and serves as the executive chairman of Morningstar, Inc. He also owns the Major League Soccer club Chicago Fire FC and the Swiss Super League club FC Lugano.
How old is Joe Mansueto? – Age
He is 66 years old as of 3 September 2022. He was born in 1956 in Munster, Indiana, United States. His real name is Joseph Daniel Mansueto.
Joe Mansueto Family – Education
Joe was born as the son of an Italian doctor, Mario Mansueto. Mansueto’s younger brother John died of West Nile virus in 2003. He graduated from Munster High School and the University of Chicago with bachelor’s and master’s degrees in Business Administration.
Joe Mansueto Wife
Mansueto married Japanese-American Rika Yoshida, a Morningstar analyst, in 1998. They have three kids.
Joe Mansueto Net Worth
He has an estimated net worth of 4.3 billion USD.
Joe Mansueto House
He lives in a $22 million mansion in Chicago’s Lincoln Park neighborhood. Magazine Architectural Record gained rare access to one of the most unusual and enigmatic new homes in Chicago. This sleek steel-frame mansion is on West St. James Place in the Lincoln Park neighborhood of Chicago and has an exterior that looks more like a Silicon Valley corporate campus than a single-family home. It was commissioned by billionaire Morningstar founder Joe Mansueto and his wife Rika, and the family made significant contributions to the University of Chicago library bearing their last name.
The process of turning the Lincoln Park property from a dream into a reality has taken some time. Plans eventually called for the Lincoln Park 2520 tower, designed by Lucien Lagrange, with 39 floors and 19 lots for new townhomes. In 2011, Crain’s reported that Mansueto was purchasing every one of the eight of parts on the north side of St. James Spot to construct a solitary, huge home. The following year, the project’s construction began.
Joe Mansueto Morningstar
With $80,000, Mansueto launched Morningstar in his house in 1984. In May 2005, Morningstar went public. In June 2005, Mansueto bought the financial publications Inc. and Fast Company through his business Mansueto Ventures. From 2005 until 2013, he was a minority partner in the publication of the entertainment magazine Time Out Chicago.
Mansueto controlled approximately 60.4% of Morningstar’s ordinary stock as of June 2008. His controlling ownership of Morningstar earned him a spot on the Forbes World’s Billionaires list in 2011, with a net worth of $1.6 billion at the time of publishing. Morningstar announced in September 2016 that Kunal Kapoor will take over as CEO in January 2017, with Mansueto becoming executive chairman at the same time.
Joe Mansueto Chicago
From 2005 until 2013, he was a minority partner in the publication of the entertainment magazine Time Out Chicago. Mansueto revealed in July 2018 that he has bought a 49 percent ownership in the Chicago Fire, a Major League Soccer franchise headquartered in Bridgeview, Illinois. On September 13, 2019, it was revealed that Mansueto had purchased the Fire from Andrew Hauptman in preparation for the club’s move to Soldier Field.
Joe Mansueto Charity
Mansueto and his wife Rika committed $25 million to the development of the Joseph Regenstein Library at the University of Chicago in May 2008. The Joe and Rika Mansueto Library, designed by Chicago-based architect Helmut Jahn, was finished on May 16, 2011.
As of December 2010, Mansueto was the sole Chicagoan on a list of American billionaires committing to give away half of their money as part of Warren Buffett’s The Giving Pledge. Mansueto and his wife Rika announced a $35 million gift in the spring of 2016 to establish the Mansueto Institute for Urban Innovation, a component of the University of Chicago dedicated to promoting urban science via multidisciplinary work.
