Joe Mansueto net worth: How billionaire is funding Chicago Fire's new $650M stadium
Joe Mansueto, the billionaire owner of the Chicago Fire FC, has decided to spend $650 million of his own money to bankroll a massive stadium. The 22,000-seat, soccer-only stadium will be located on the vacant South Loop parcel known as 'The 78,' according to the Chicago Sun-Times.
In an article published by the Chicago Fire, Mansueto, founder and chairperson of Morningstar, a Chicago-based financial services firm, described the open-air arena as 'more than just a stadium.' He hopes to complete and open it in time for the 2028 season.
Announcing his 'plans for a new, privately funded, soccer-specific stadium and entertainment district,' Mansueto, 68, wrote, 'It's a space for fans of all ages, backgrounds and neighborhoods to come together and celebrate the beautiful game – right in the heart of our city. It's about investing in Chicago, not just on match days, but every day as a committed community partner.'
'The Chicago Fire is a Club on the rise. And soon, we'll have a permanent home that reflects the passion, energy and pride of the city we love,' he added.
According to Celebrity Net Worth, Mansueto has a net worth of $1.93 billion. However, The Patch reported in April 2025 that he has an estimated net worth of $6.7 billion.
According to Celebrity Net Worth, Mansueto started Morningstar, an investment research and management firm headquartered in Chicago, Illinois, out of his home in 1984 for $80,000. The company finally went public in 2005. Their revenue was just shy of $700 million back in 2013.
Mansueto bought the financial magazines Fast Company and Inc in 2005, and owned over 60% of common stock in Morningstar by 2008. He also went on to invest in Wrapports, which purchased the Chicago Sun-Times in 2011. He owned a stake in Time Out Chicago magazine, but sold it in 2013.
In 1988, Mansueto married Rika Yoshida, and the two pledged $25 million for the expansion of the University of Chicago library in 2008. Mansueto was included on the Forbes World's Billionaires list in 2011.
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