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.
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, 50 percent owned by the London based Time Out publishing group. Time Out Chicago is a guide to entertainment and local attractions and has a circulation of nearly 40,000.
Mansueto owned about 60.4% of Morningstar common stock as of June 2008.
Rather than going on boards, Mansueto prefers to just chat with people to help with a specific task. "It's a better use of my time, rather than sitting through long board meetings," Mansueto has said.
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.
Manuseto married Rika Yoshida, a Morningstar analyst, in 1988. She has said it took her five dates to realise he was genuinely "nice and kind", rather than being on his best behavior while they got to know each other. They have three children and live in a Lincoln Park condominium. Mansueto keeps strict work hours, 8:30 a.m. to 5 or 6 p.m., with an occasional Saturday at the office. He enjoys early morning jogs along Lake Michigan and reading the occasional annual report. Mansueto's younger brother John died in 2003 of West Nile virus.
- "The Quiet Billionaire".
- "Joseph Mansueto - Forbes". March 9, 2011. Retrieved May 16, 2011.
- "Stock Ownership of Joe Mansueto".
- "Mansueto answers Buffett's collect call". Chicago Tribune. December 10, 2010.
- "Joe Mansueto on Morningstar, Warren Buffett, the Financial Collapse, and More (posted Dec. 10, 2010)".
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