Joe Mansueto

Mansueto’s latest real estate commitment is to spend $750 million building a new stadium for his soccer team, Chicago Fire FC, which is meant to catalyze Related Midwest’s megaproject site known as The 78.

Previously, his biggest Chicago real estate investment was the Wrigley Building, the landmark office complex anchoring the base of the Magnificent Mile along the Chicago River.

Before he started pouring money into property, Mansueto, a billionaire, made his fortune as founder and executive chairman of Morningstar.

He has become one of Chicago’s most influential owners of legacy commercial real estate. While best known for building Morningstar into a global investment research firm, Mansueto has increasingly shaped the physical city through high-profile property ownership.

Mansueto acquired the Wrigley property in 2018 and has overseen its continued repositioning as a trophy office address at a time when downtown fundamentals have weakened. The building’s location, historic status and riverfront presence have insulated it from some of the distress hitting commodity office stock, though leasing remains competitive even at the top end.