Joseph Mansueto

Joseph Mansueto

Founder and head of the large corporation "Morningstar, Inc"
Country: USA

Biography of Joseph Mansueto

Joseph Mansueto, the founder and CEO of the major corporation "Morningstar, Inc", is a renowned American billionaire. He was born in 1956 in Chicago. Mansueto successfully graduated from the University of Chicago, earning a prestigious bachelor's degree in Science and Arts.

In 1984, Joseph founded Morningstar, which quickly became extremely popular and transformed from a simple weekly publication into a massive corporation. His personal wealth is estimated to be around $1.2 billion, according to Forbes magazine, which listed Joseph as one of the most influential and wealthy individuals in the world.

In June 2005, Mansueto acquired several additional publications, including financial magazines and the company Fast Company. Furthermore, he currently owns a significant portion of the popular entertainment publication Time Out.

During 2007, the billionaire held 68 percent of the shares of Morningstar. Today, Mansueto's activities are not only focused on publishing and entrepreneurship but also on philanthropy. In May 2008, it was announced that Joseph Mansueto and his spouse Rika planned to donate $25 million to the University of Chicago for the expansion and improvement of its library. The architectural project of the library will be overseen by renowned Chicagoan specialist Helmut Jahn. The new modern establishment will be named the Joe and Rika Mansueto Library and will open in 2010.

Joseph Mansueto's public, publishing, and charitable endeavors have been widely recognized and celebrated by the public and various organizations. Not surprisingly, as Mansueto is a truly talented entrepreneur. His own company, Morningstar, for instance, is currently one of the world's largest corporations. The billionaire initially started with minimal financial investments but managed to turn the organization into an extremely profitable enterprise.