Joe Mansueto
Encyclopedia
Joseph D. Mansueto is the founder and CEO of Morningstar, Inc.
. 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.
Mansueto graduated from the University of Chicago
with Bachelor of Arts/Science and Master of Business Administration
degrees.
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 is a limited partner in the publication of entertainment magazine 'Time Out Chicago' first published in 2005 and part of the London based 'Time Out' publishing group.
a 50 percent partner in Time Out Chicago, a guide to entertainment and local attractions that began publication in 2005 and has a circulation of nearly 40,000
Mansueto owned about 60.4% of Morningstar common stock as of June 2008.
In May 2008, it was announced that Joseph and his wife Rika pledged $25 million to the expansion of the main University of Chicago library. The new wing, called the Joe and Rika Mansueto Library, designed by Chicago-based architect Helmut Jahn
opened to the public on May 16, 2011.
In December 2010, Mansueto became the only Chicagoan on the list of American billionaires pledging to give away half of their wealth, as part of a campaign by the businessman's idol, Warren Buffett.
Morningstar, Inc.
Morningstar, Inc. is an independent investment research company based in Chicago, Illinois, USA.-Businesses:Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for...
. In 2011, his majority ownership of Morningstar gained him inclusion on the Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
World's Billionaires list, with a net worth at time of publication of $1.6 billion.
Mansueto graduated from the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
with Bachelor of Arts/Science and Master of Business Administration
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
degrees.
In 1984, Mansueto founded Morningstar out of his home with $80,000. Morningstar went public in May 2005.
Mansueto purchased the financial magazines Inc.
Inc. (magazine)
Inc. magazine, founded in 1979 and based in New York City, is a monthly publication focused on growing companies. The magazine publishes an annual list of the 500 fastest-growing private companies in the U.S., the "Inc...
and Fast Company in June 2005. He is a limited partner in the publication of entertainment magazine 'Time Out Chicago' first published in 2005 and part of the London based 'Time Out' publishing group.
a 50 percent partner in Time Out Chicago, a guide to entertainment and local attractions that began publication in 2005 and has a circulation of nearly 40,000
Mansueto owned about 60.4% of Morningstar common stock as of June 2008.
In May 2008, it was announced that Joseph and his wife Rika pledged $25 million to the expansion of the main University of Chicago library. The new wing, called the Joe and Rika Mansueto Library, designed by Chicago-based architect Helmut Jahn
Helmut Jahn
Helmut Jahn is a German-American architect, well known for designs such as the US$800 million Sony Center on the Potsdamer Platz, Berlin, the Messeturm in Frankfurt and the One Liberty Place, formerly the tallest building in Philadelphia, Pennsylvania, and Suvarnabhumi Airport, an international...
opened to the public on May 16, 2011.
In December 2010, Mansueto became the only Chicagoan on the list of American billionaires pledging to give away half of their wealth, as part of a campaign by the businessman's idol, Warren Buffett.