Joe Mansueto

Joseph Daniel Mansueto (born September 3, 1956) is an American billionaire entrepreneur; the founder, majority owner and CEO of Morningstar, Inc.

Early life and education

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.

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 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 net worth at time of publication of $1.6 billion.