- Joe Mansueto
Joseph D. Mansueto (born 1956)cite web | title=The Quiet Billionaire | url=http://www.chicagomag.com/Chicago-Magazine/June-2006/The-Quiet-Billionaire ] is the founder and CEO of
Morningstar, Inc. . His ownership of Morningstar recently gained him inclusion on the "Forbes" 400 Richest Americans list, with a net worth at time of publication of $1.2 billion.cite web | title=Joe on Forbes
url=http://www.forbes.com/lists/2006/54/biz_06rich400_Joseph-D-Mansueto_4NDZ.html ]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 cite web | title=The Quiet Billionaire | url=http://www.chicagomag.com/Chicago-Magazine/June-2006/The-Quiet-Billionaire ] with $80,000. Morningstar went public in May 2005.cite web | title=The Quiet Billionaire | url=http://www.chicagomag.com/Chicago-Magazine/June-2006/The-Quiet-Billionaire ]
Mansueto purchased the financial magazines "Inc." and "Fast Company" in June 2005.cite web | title=The Quiet Billionaire | url=http://www.chicagomag.com/Chicago-Magazine/June-2006/The-Quiet-Billionaire ] He is a limited partner in the publication of entertainment magazine "Time Out".
Mansueto owned about 60.4% of Morningstar common stock as of June 2008.cite web | title=Stock Ownership of Joe Mansueto | url=http://fatpitch.ecoin.net/cgi-bin/f.cgi/psp/extn/lmt_entry/cik.1324069.841.html ]
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 will be called the Joe and Rika Mansueto Library, and will be designed by Chicago-based architect Helmut Jahn. The project is expected to be complete in Fall of 2010.
References
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