Pritzker family

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The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States (staying in the top 10 of Forbes magazine's "America's Richest Families" list since the magazine began such listings in 1982). Its fortune arose in the 20th century, particularly through the founding and expansion of the Hyatt Hotels Corporation.

Contents

Family members still largely own Hyatt and, prior to its sale to Berkshire Hathaway, the Marmon Group, a conglomerate of manufacturing and industrial service companies. [1] Their holdings also have included the Superior Bank of Chicago (which collapsed in 2001), the TransUnion credit bureau, Braniff airlines, McCall's magazine, and the Royal Caribbean cruise line. [2]

The Pritzker family is of Jewish descent [3] and based in Chicago, Illinois. [4] The founder of the American Pritzker family, Yakov (Jacob) Pritzker (1831–1896), was the manager of a sugar factory in Kyiv Governorate, on the territory of modern Ukraine. At first he lived with his family in the village of Velyki Pritzky, then in Kyiv. At the end of the 19th century, escaping from Jewish pogroms in the Russian Empire, he emigrated to the USA with his family. [5] [6]

Family fortune

In 1995, Jay Pritzker, the cofounder of Hyatt, stepped down and Thomas Pritzker took control of The Pritzker Organization. [4] When the former died in 1999, the family split the business into 11 pieces worth $1.4 billion each [4] (and chose to settle a lawsuit from two family members, who apparently received $500 million each, in 2005). [7] [8] [9] By 2011, the dissolution had been completed, and the cousins had gone their separate ways, with some pursuing business, and others philanthropic or artistic ventures. [10] According to Inside Philanthropy, there are many Pritzkers, with many different vehicles or foundations for their philanthropic giving. [11]

Genealogy

Family members fortune

Members of the Pritzker family on the Forbes World's Billionaires list of "the richest people in the world" in 2024: [16]

RankNameNet worth
409 Thomas Pritzker $6.7 billion
477 Karen Pritzker $6.1 billion
597 Jean (Gigi) Pritzker $5.1 billion
871 Anthony Pritzker $3.7 billion
871 Penny Pritzker $3.7 billion
920 J. B. Pritzker $3.5 billion
1238 John Pritzker $2.7 billion
1286 Daniel Pritzker $2.6 billion
1496 Jennifer Pritzker $2.2 billion
1623 Linda Pritzker $2 billion
1851 Matthew Pritzker $1.7 billion
1945 Nicholas J. Pritzker $1.6 billion
2046 Liesel Pritzker Simmons $1.5 billion
Total$43.1 billion

Legacy

See also

Related Research Articles

Robert Alan Pritzker was an American businessman and member of the wealthy Pritzker family.

Thomas Pritzker is an American billionaire heir and businessman. A member of the Pritzker family, he is the chairman and chief executive officer (CEO) of the Pritzker Organization (TPO), which manages the various Pritzker family business assets. Pritzker is also the executive chairman of the Hyatt Hotels Corporation.

<span class="mw-page-title-main">Liesel Pritzker Simmons</span> American actress, philanthropist

Liesel Pritzker Simmons, stage name Liesel Matthews, is an American heiress and former child actress. She starred as Sara Crewe in A Little Princess, a 1995 film adaptation of the Frances Hodgson Burnett classic, and as Alice Marshall in Air Force One. She is a member of the wealthy Pritzker family. She is now known as a leader in impact investing and founded the Blue Haven Initiative in 2012 to that end.

Herbert Vollrath Kohler Jr. was an American billionaire businessman, a member of the Kohler family of Wisconsin, and the executive chairman of the Kohler Company, a manufacturing and hospitality company in Kohler, Wisconsin, best known for its plumbing products, golf courses, and resorts, with the latter two fields of business directly entered into under his chairmanship. Before his death, Forbes estimated the net worth of him and his family at US$8.8 billion.

<span class="mw-page-title-main">Jay Pritzker</span> Cofounder of Hyatt Hotels Corp

Jay Arthur Pritzker was an American entrepreneur, conglomerate organizer, and member of the Pritzker family.

Abram Nicholas Pritzker was an American businessman and member of the Pritzker family.

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Nicholas J. Pritzker is an American real estate and venture entrepreneur in San Francisco, California. He served as the Chairman of the board and CEO of the Hyatt Development Corporation. He is a member of the wealthy Pritzker family, who owned chewing-tobacco giant Conwood before selling it to Reynolds American.

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<span class="mw-page-title-main">The Giving Pledge</span> Charitable organization

The Giving Pledge is a charitable campaign, founded by Bill Gates and Warren Buffett, to encourage wealthy people to contribute a majority of their wealth to philanthropic causes. As of June 2022, the pledge has had 236 signatories from 28 countries. Most of the signatories of the pledge are billionaires, and as of 2023, their pledges are estimated at a total of US$600 billion. However, there is no enforcement mechanism, and no restrictions on the charitable causes that signatories are allowed to support.

Donald Nicholas Pritzker was an American entrepreneur and businessman. He was a member of the Pritzker family and served as the president of Hyatt, where he helped grow the hotel chain.

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Harry Nicholas Pritzker was an American businessman and member of the Pritzker family.

Jack Nicholas Pritzker was an American businessman and member of the Pritzker family.

Karen L. Pritzker is a documentary film producer, investor, and philanthropist. She is a member of the Pritzker family, the granddaughter of A.N. Pritzker and daughter of Robert Pritzker.

<span class="mw-page-title-main">Jennifer Pritzker</span> American billionaire (born 1950)

Jennifer Natalya Pritzker is an American investor, philanthropist, and member of the Pritzker family. Pritzker retired as a lieutenant colonel from the Illinois Army National Guard (ILARNG) in 2001, and was later made an honorary Illinois colonel. Founder of the Tawani Foundation in 1995, Tawani Enterprises in 1996, and the Pritzker Military Library in 2003, Pritzker has been devoted to civic applications of inherited and accrued wealth, including significant donations to broaden understanding and support for "citizen soldiers."

References

  1. ↑ Bajaj, Vikas (December 26, 2007). "Rapidly, Buffett Secures a Deal for $4.5 Billion". The New York Times. Retrieved 29 October 2015.
  2. ↑ "Penny Pritzker Shows Why She Got Buffett to Aid Obama". Bloomberg.com. 2008-08-21. Retrieved 2023-04-26.
  3. ↑ "Pritzker family". Encyclopædia Britannica . Retrieved 20 September 2013.
  4. 1 2 3 Chandler, Susan; Bergen, Kathy (June 12, 2005). "Inside the Pritzker family feud". Chicago Tribune. Retrieved 2016-03-21.
  5. ↑ Свобода, Радіо (2015-10-27). "Американський міністр знайшла пращурів з Київщини, відвідала єврейський цвинтар і школу". Радіо Свобода (in Ukrainian). Retrieved 2023-11-19.
  6. ↑ "Великі Пріцьки Corporation. Історія села на Київщині, без якого б не було готелів Hyatt та однієї з найбагатших сімей США". Українська правда (in Ukrainian). Retrieved 2023-11-19.
  7. ↑ Wilgoren, Jodi (2005-01-07). "$900 Million Accord Enables Breakup of Pritzker Dynasty". The New York Times. ISSN   0362-4331.
  8. ↑ Chandler, Susan (February 12, 2004). "Judge sets hearing on sealed Pritzker cases". Chicago Tribune . Retrieved 2020-11-23.
  9. ↑ "Shattered Dynasty". Vanity Fair . June 2007. Retrieved 2011-11-05.
  10. ↑ "Pritzker family agreement to divide wealth comes to a close". Chicago Tribune . June 12, 2005. Retrieved 2016-03-21.
  11. ↑ Rojc, Philip (August 17, 2017). "So Many Pritzkers, So Much Philanthropy: Meet This Top Family of Givers". Inside Philanthropy. Retrieved 2019-05-30.
  12. ↑ Baranova-Shestova, N.L. (1983). The Life of Lev Shestov. Рипол Классик. p. 290. ISBN   978-5-458-24845-7.
  13. ↑ Geidner, Chris (August 23, 2013). "Billionaire Backer Of Open Transgender Military Service Comes Out As Transgender". BuzzFeed. Retrieved August 23, 2013.
  14. ↑ "James Pritzker opens new chapter in her life". 22 August 2013. Retrieved 16 March 2017.
  15. ↑ "JB Pritzker wins the Illinois Democratic primary – facing off against a deeply unpopular Republican governor in a blue state this fall". 20 March 2018.
  16. ↑ "Forbes Billionaires 2024: The Richest People In The World". Forbes. Retrieved 2024-04-03.
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