Joe Mansueto

$4.60 B

Ranked #897 in World

About Joe Mansueto

Joseph Daniel Mansueto, the American billionaire and entrepreneurial force behind Morningstar, Inc., has carved a notable presence in the financial sector since founding the investment research firm in 1984. With a business foundation cemented by his degrees from the University of Chicago, Mansueto became a Forbes World's Billionaire in 2011. His ventures extend to sports, owning Chicago Fire FC and FC Lugano. Committed to philanthropy, Mansueto notably contributed to educational and urban innovation initiatives.

Born

September 03, 1956 in Munster, Indiana, U.S.

Age

69 years

Source Of Wealth

Investment Research

Industries

Finance & Investments

Citizenship

United States

Residence

Chicago, Illinois

Education

Bachelor of Arts/Science, University of Chicago

Spouse

Rika Yoshida

Joseph Daniel Mansueto was born on September 3, 1956, in Munster, Indiana. He is an American billionaire entrepreneur, founder, majority owner, and executive chairman of Morningstar, Inc. Mansueto attended Munster High School and graduated with a bachelor's and master's degrees in Business Administration from the University of Chicago.

Joe Mansueto: Family

Mansueto is married to Japanese-American Rika Yoshida since 1998. They have three children together. His younger brother John died of West Nile virus in 2003.

Joe Mansueto: Career Highlights

Mansueto founded Morningstar in 1984 with $80,000. The company went public in May 2005. In June 2005, through his company Mansueto Ventures, he purchased the financial magazines Inc. and Fast Company. From 2005 to 2013, he was a limited partner in the publication of Time Out Chicago. As of June 2008, Mansueto owned about 60.4% of Morningstar common stock. He became a Forbes World's Billionaire in 2011 with a net worth of $1.6 billion. In September 2016, he appointed Kunal Kapoor as CEO of Morningstar and became the executive chairman. In July 2018, he purchased a 49% stake in the Chicago Fire, and in September 2019, he acquired full control of the club. In August 2021, he purchased FC Lugano, a soccer team in the Swiss Super League.

Joe Mansueto: Companies

Mansueto is the founder, majority owner, and executive chairman of Morningstar, Inc. He also owns the Major League Soccer club Chicago Fire FC and the Swiss Super League club FC Lugano.

Joe Mansueto: Major Achievements

Mansueto has made significant contributions to the financial industry and philanthropy. He is credited with building Morningstar into a leading provider of investment research and data. His philanthropic efforts have focused on education and urban innovation, particularly through his support of the University of Chicago.

Joe Mansueto: Awards & Achievements

Mansueto has received numerous awards and recognitions for his business acumen and philanthropy. Some of his notable achievements include:

Ernst & Young Entrepreneur of the Year Award (1999)
Chicago Innovation Award (2005)
Forbes 400 Richest Americans (2011)
Crain's Chicago Business Hall of Fame (2012)
University of Chicago Alumni Medal (2016)

Joe Mansueto: Personal Life & Legacy

Mansueto lives in a $22 million home in Lincoln Park, Chicago.

He is known for his passion for soccer and his commitment to philanthropy. His legacy is one of entrepreneurship, innovation, and generosity.

Joe Mansueto: Trivia

Mansueto is a fan of the Chicago Cubs and the Chicago Bears.
He is a licensed pilot and enjoys flying.
He is a member of the board of directors of the Chicago Council on Global Affairs.
He is a supporter of the Democratic Party.

Wealth History

Timeline

September 3, 1956

Joseph Daniel Mansueto was born in Munster, Indiana.

1984

Founded Morningstar with $80,000.

May 2005

Morningstar went public.

June 2005

Purchased the financial magazines Inc. and Fast Company through his company Mansueto Ventures.

2005-2013

Limited partner in the publication of Time Out Chicago.

June 2008

Owned about 60.4% of Morningstar common stock.

2011

Became a Forbes World's Billionaire with a net worth of $1.6 billion.

September 2016

Appointed Kunal Kapoor as CEO of Morningstar, becoming executive chairman.

July 2018

Purchased a 49% stake in the Chicago Fire.

September 2019

Acquired full control of the Chicago Fire.

August 2021

Purchased FC Lugano, a soccer team in the Swiss Super League.

N/A

Pledged $25 million with his wife Rika to expand the Joseph Regenstein Library at the University of Chicago.

May 2011

The new wing, called the Joe and Rika Mansueto Library, was completed.

N/A

Only Chicagoan on the list of American billionaires pledging to give away half of their wealth as part of The Giving Pledge.

2016

Donated $35 million with his wife Rika to found the Mansueto Institute for Urban Innovation at the University of Chicago.

1998

Married Japanese-American Rika Yoshida.

N/A

Has three children.

N/A

Lives in a $22 million home in Lincoln Park, Chicago.

2003

Younger brother John died of West Nile virus.

Joe Mansueto : FAQs

What is Joe Mansueto's current net worth?

Joe Mansueto's current net worth is $4.60 billion.

What is Joe Mansueto's current global rank among billionaires?

Joe Mansueto holds the 897th position globally among billionaires.

What is Joe Mansueto's current ranking within the United States?

Joe Mansueto holds the 336th position in United States.

What was the change in Joe Mansueto's net worth compared to the previous year?

Joe Mansueto's net worth decreased by 706.45 million dollars compared to the previous year 2025, when his net worth was 5.31 billion dollars.

What is the recent change in Joe Mansueto's net worth?

Joe Mansueto's net worth increased by 9.68 million dollars recently, a 0.21% increase, with his net worth standing at 4.60 billion dollars.

What are Joe Mansueto's main sources of wealth?

Joe Mansueto's main source of income comes from Investment Research.

In which industry does Joe Mansueto primarily operate?

Joe Mansueto is primarily involved in the Finance & Investments industry.

What is Joe Mansueto educational background?

Joe Mansueto holds a Bachelor of Arts/Science from the University of Chicago.

How old is Joe Mansueto?

Joe Mansueto is 69 years old.

How many children does Joe Mansueto have?

Joe Mansueto has 3 children.

Who is Joseph Daniel Mansueto and what is he known for?

Joseph Daniel Mansueto is an American billionaire entrepreneur, born on September 3, 1956, in Munster, Indiana. He is the founder, majority owner, and executive chairman of Morningstar, Inc. and owns Major League Soccer club Chicago Fire FC as well as Swiss Super League club FC Lugano.

Can you detail Joseph Mansueto's career journey and achievements?

Joseph Mansueto founded Morningstar in 1984 with $80,000 and led the company to go public in May 2005. His entrepreneurial ventures include the acquisition of Inc. and Fast Company magazines, a limited partnership in Time Out Chicago, and significant ownership of Morningstar stock. Mansueto became a Forbes-listed billionaire in 2011 and transitioned to executive chairman of Morningstar in 2016 as he delved into sports investments with Chicago Fire and FC Lugano.

What philanthropic contributions has Joseph Mansueto made?

Joseph Mansueto has made significant philanthropic contributions, including a $25 million pledge with his wife Rika to expand the Joseph Regenstein Library, resulting in the Joe and Rika Mansueto Library. He is also the only Chicagoan in The Giving Pledge list, committing to donate half his wealth, and in 2016, he contributed $35 million to found the Mansueto Institute for Urban Innovation.

What is known about Joseph Mansueto's personal life?

Joseph Mansueto is married to Rika Yoshida since 1998, and they have three children together. The family resides in a $22 million home in Lincoln Park, Chicago. He tragically lost his younger brother John to West Nile virus in 2003.