Joe Mansueto

Joe Mansueto Biography

Joseph D. Mansueto (born September 3, 1956 in Munster, Indiana) 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.

Education

Mansueto graduated from the University of Chicago with Bachelor of Arts/Science and Master of Business Administration degrees.

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 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.

Philanthropy

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 Warren Buffett.

This webpage uses material from the Wikipedia article "Joe_Mansueto" and is licensed under the GNU Free Documentation License. Reality TV World is not responsible for any errors or omissions the Wikipedia article may contain.

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