Background
Joe Mansueto was born in Munster, Indiana, the son of Mario Mansueto, an Italian doctor.
Chief Executive Officer of Morningstar
Joe Mansueto was born in Munster, Indiana, the son of Mario Mansueto, an Italian doctor.
He attended Munster High School and graduated from with bachelor"s degree in Business Administration from the University of Chicago and a master"s degree in Business Administration from the University of Chicago Graduate School of Business.
In 1984, Mansueto founded Morningstar out of his home with $80,000. Morningstar went public in May 2005. Mansueto purchased the financial magazines Incorporated. 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 Netto worth at time of publication of $1.6 billion.
Rather than going on boards, Mansueto prefers to just chat with people to help with a specific task. "lieutenant"s a better use of my time, rather than sitting through long board meetings," Mansueto has said.
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.
As of December 2010, Mansueto was the only Chicagoan on the list of American billionaires pledging to give away half of their wealth, as part of The Giving Pledge by Warren Buffett.
Quotations: "lieutenant"s a better use of my time, rather than sitting through long board meetings,".
