Billionaire Joe Mansueto, founder of Morningstar and owner of Chicago Fire FC, collaborates with his wife, Rika Yoshida Mansueto, whose influence has shaped Chicago’s culture and education.
Together, Joe and Rika have built a life centered on philanthropy, family, and a shared commitment to making a positive impact.
Joe and Rika Mansueto, who have been married for many years, share strong values and support each other while living in a beautiful Lincoln Park home in Chicago, which costs approximately $22 million to build.
Their home is more than just a residence, and it’s a show of their deep ties to the city and their commitment to raising their three children in a community they love.
While Joe’s public persona often centers on his business sense and sports investments, Rika’s contributions are equally significant, though often behind the scenes.
Rika, a former Morningstar analyst and editor, has a rich professional background.
She joined Morningstar in 1988, where her sharp intellect and analytical skills shone as a stock analyst.
Her time at the company, founded by her husband, gave her a front-row seat to the world of finance and investment, but her passions extend far beyond the corporate sphere.
Rika Studied Anthropology As An Undergraduate At The University Of Chicago
This foundation in understanding human cultures and societies seems to have shaped her approach to philanthropy and community engagement.
Her work shows a deep curiosity about people and a desire to create opportunities for others.
As a director of the Mansueto Foundation, Rika has played a vital role in steering the couple’s charitable efforts.
In 2017, she was elected to the University of Chicago’s Board of Trustees, beginning a five-year term that allowed her to influence one of the nation’s leading academic institutions.
Her involvement didn’t stop there; she also serves as a director for Teach for America of Chicago-Northwest Indiana and sits on the executive committee of the Francis W. Parker School’s board, a prestigious independent school in Chicago.
Rika’s commitment to education and community is evident in her hands-on approach.
Whether advocating for better educational opportunities or supporting local institutions, she brings a thoughtful and grounded perspective to her work.
Joe and Rika’s partnership has changed Chicago’s schools and culture through their charitable work.
In 2008, their generous gift helped fund the construction of the Joe and Rika Mansueto Library at the University of Chicago.
Since its opening in 2011, the library’s striking glass-domed design has become a campus icon, providing students and researchers with a state-of-the-art space for study and collaboration.
In 2016, the couple established the Mansueto Institute for Urban Innovation at the University of Chicago.
This interdisciplinary initiative brings together experts in the social, natural, and computational sciences, as well as the humanities, to tackle urban challenges.
Their vision was to strengthen the university’s leadership in urban scholarship, fostering solutions that could benefit cities worldwide.
In 2025, Joe and Rika, alongside Morningstar, announced another significant contribution: funding for undergraduate scholarships at the University of Illinois at Chicago’s (UIC) College of Architecture, Design, and the Arts.
They also created the Morningstar Design Faculty Scholar, a named faculty position that bridges academia and the design profession.
This gift underscores their commitment to fostering creativity and innovation in education.
Joe Mansueto Has Owned Chicago Fire FC Since 2019
Joe Mansueto’s entrepreneurial spirit is evident in his ownership of Chicago Fire FC, a Major League Soccer team he has championed since acquiring full ownership in 2019.
This is more than just a stadium.
— Chicago Fire FC (@ChicagoFire) June 3, 2025
It's a space for all fans to come together and celebrate the beautiful game in the heart of our city. #cf97 pic.twitter.com/Z82x7siy26
In a bold move, Joe recently announced plans to personally finance a $650 million soccer-specific stadium along the Chicago River, part of Related Midwest’s development.
This project signals his commitment to not only the team but also to the city of Chicago, ensuring the Fire remains a vibrant part of its cultural fabric.
Rika, while less visible in the sports world, is undoubtedly a supportive wife in Joe’s endeavors.
Their shared dedication to Chicago, whether through sports, education, or philanthropy, reflects a partnership built on mutual respect and a desire to give back.
While Joe often caught headlines for his business experiences and bold investments, Rika prefers a quieter role.
Rika’s early life is unclear, but her achievements are notable.
As a former Morningstar analyst, she and Joe have made a significant impact through their philanthropy, supporting students at the University of Illinois at Chicago (UIC) and researchers at the University of Chicago.
The Mansueto family, together, is shaping Chicago’s future through projects like soccer stadiums and scholarships, showing that true success is about leaving a lasting legacy, not just wealth.
In Case You Didn’t Know
- Mansueto’s younger brother, John, died in 2003 of West Nile virus.
- Joe Mansueto was born in Munster, Indiana, the son of Mario Mansueto, an Italian doctor.
