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 $4.43 billion as of June 9th, 2021. Mr. Mansueto owns 18,579,640 shares of Morningstar stock worth more than $4,429,571,972 as of June 14th. This net worth approximation does not reflect any other assets that Mr. Mansueto may own. Additionally, Mr. Mansueto receives an annual salary of $105,320.00 as Chairman at Morningstar.
How old is Joseph D Mansueto?
Mr. Mansueto is currently 65 years old. There are 6 older executives and no younger executives at Morningstar. The oldest executive at Morningstar is Ms. Kimberly J. McGarry, Global Controller & Chief Accounting Officer, who is 69 years old.
What is Joseph D Mansueto's salary?
As the Chairman of Morningstar, Inc., Mr. Mansueto earns $105,320.00 per year. There are 4 executives that earn more than Mr. Mansueto. The highest earning executive at Morningstar is Mr. Kunal Kapoor CFA, CEO & Director, who commands a salary of $1,580,000.00 per year.
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 protected]
Has Joseph D. Mansueto been buying or selling shares of Morningstar?
During the last ninety days, Joseph D. Mansueto has sold $26,715,086.00 in Morningstar stock. Most recently, Joseph D. Mansueto sold 11,031 shares of the business's stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $231.52, for a transaction totalling $2,553,897.12. Following the completion of the sale, the chairman now directly owns 18,579,640 shares of the company's stock, valued at $4,301,558,252.80.
Are insiders buying or selling shares of Morningstar?
During the last year, insiders at the business services provider sold shares 88 times. They sold a total of 875,429 shares worth mmore than $173,581,745.23. The most recent insider tranaction occured on June, 09th when Joseph D Mansueto Chairman bought 11,031 shares worth more than $2,553,897.12. Insiders at Morningstar own 45.7 % of the company.
Information on this page was last updated on 6/9/2021.