Career
In 1984, Mansueto founded Morningstar out of his home with $80,000. Morningstar went public in May 2005.[4]
Through his company Mansueto Ventures, Mansueto purchased the financial magazines Inc. and Fast Company in June 2005. He was a limited partner in the publication of the entertainment magazine Time Out Chicago from 2005 to 2013.[8]
Mansueto owned about 60.4% of Morningstar common stock.[9]
In September 2016, Morningstar announced that it had appointed Kunal Kapoor as chief executive officer, effective January 2017, with Mansueto becoming executive chairman at the same time.[10][11]
In July 2018, Mansueto reportedly purchased a 49 percent stake in the Chicago Fire, a Major League Soccer team based in Bridgeview, Illinois.[12] On September 13, 2019, it was announced that Mansueto had acquired full control of the Fire from Andrew Hauptman ahead of the club's move to Soldier Field.[13]
In August 2021, Mansueto reportedly purchased FC Lugano, a soccer team competing in the Swiss Super League, and that they would work with Chicago Fire, interchanging players when needed.[14]
In 2024, his majority ownership of Morningstar gained him inclusion on the Forbes "World's Billionaires" list, with a net worth at time of publication of $6.7 billion.[15]
