Joseph Mansueto is the founder and executive chairman of the independent investment research firm, Morningstar. He stepped down as CEO in 2017 and now owns just under half of the firm.
Mansueto founded Morningstar in 1984 as a research firm that would provide independent evaluations of mutual funds to individual and professional investors. He started the company from his home with $80,000 in savings.
Morningstar.com launched in 1997 and has been named a top-10 investment website by Barron's, Kiplinger's Personal Finance Magazine, SmartMoney, Money Magazine, and the Wall Street Journal. By 2000, Morningstar had grown under Mansueto’s leadership to a $50 million company revolutionizing the mutual funds industry.
The company went public in May 2005, and it has twice been named to Fortune Magazine’s “100 Best Companies to Work For” list. SmartMoney Magazine recognized Mansueto among its “SmartMoney Power 30” in 2007, an annual list of the most powerful forces in business and finance.
Mansueto has served as chairman of the board of directors from the company’s inception in 1984, and as CEO from 1984 to 1996 and again from 2000 to 2016. By 2011, his majority ownership in Morningstar earned him a spot on Forbes’ World's Billionaires list, with a net worth of $1.6 billion at the time of publication. As of late 2020, his net worth sat around $4.7 billion.
In 2008, Mansueto and his wife, Rika, pledged $25 million toward the expansion of the Joseph Regenstein Library at the University of Chicago. The new wing, named the Joe and Rika Mansueto Library, was completed in 2011.
In 2016, the couple announced a $35 million donation for the Mansueto Institute for Urban Innovation at the University of Chicago. They have also committed to The Giving Pledge, committing to give away at least half of their wealth to philanthropy. Mansueto also serves on the board of directors for Whole Foods Market, Inc.
Mansueto holds his bachelor’s and master’s degrees in business administration from the University of Chicago. He lives in Chicago with his wife and their three children.
What is Joseph D. Mansueto's net worth?
The estimated net worth of Joseph D. Mansueto is at least $3.20 billion as of August 3rd, 2022. Mr. Mansueto owns 12,408,580 shares of Morningstar stock worth more than $3,197,691,066 as of August 11th. This net worth approximation does not reflect any other assets that Mr. Mansueto may own. Learn More about Joseph D. Mansueto's net worth.
How do I contact Joseph D. Mansueto?
The corporate mailing address for Mr. Mansueto and other Morningstar executives is 22 WEST WASHINGTON STREET, CHICAGO IL, 60602. Morningstar can also be reached via phone at (312) 696-6000 and via email at email@example.com. Learn More on Joseph D. Mansueto's contact information.
Has Joseph D. Mansueto been buying or selling shares of Morningstar?
Over the course of the past ninety days, Joseph D. Mansueto has sold $3,589,257.00 in Morningstar stock. Most recently, Joseph D. Mansueto sold 14,500 shares of the business's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $245.43, for a transaction totalling $3,558,735.00. Following the completion of the sale, the chairman now directly owns 12,408,580 shares of the company's stock, valued at $3,045,437,789.40. Learn More on Joseph D. Mansueto's trading history.
Who are Morningstar's active insiders?
Are insiders buying or selling shares of Morningstar?
During the last year, insiders at the business services provider sold shares 103 times. They sold a total of 707,101 shares worth more than $198,247,366.42. The most recent insider tranaction occured on August, 8th when Director William M Lyons sold 2,500 shares worth more than $624,800.00. Insiders at Morningstar own 41.9 % of the company. Learn More about insider trades at Morningstar.
Information on this page was last updated on 8/8/2022.