Pritzker family

Last updated

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 started 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] They have also had holdings in the Superior Bank of Chicago (which collapsed in 2001), the TransUnion credit bureau, Braniff airlines, McCall's magazine, and the Royal Caribbean International cruise line. [2]

The Pritzker family is of Jewish descent [3] and based in Chicago. [4] Yakov "Jacob" Pritzker (1831–1896), was the manager of a sugar factory in Kyiv Governorate in the territory of modern Ukraine. At first he lived with his family in the village of Velyki Pritzky, then in Kyiv. He and his family immigrated to the United States from the Russian Empire towards the end of the 19th century, to escape the pogroms there. [5] [6]

Family fortune

In 1995, Jay Pritzker, the co-founder of Hyatt, stepped down and Thomas Pritzker took control of The Pritzker Organization. [4] When Jay died in 1999, the family split the business into 11 pieces worth $1.4 billion each [4] (choosing 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, many Pritzkers have numerous vehicles or foundations for giving philanthropically. [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.

Lester Crown is an American businessman and is the son of Chicago financier Henry Crown, who created the Material Service Corporation with two brothers in 1919, which merged with General Dynamics in 1959.

<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. He was a founder of the Hyatt Corporation, having purchased the first Hyatt Hotel in 1957, and was responsible for the corporation's evolution into a multinational hospitality conglomerate.

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

<span class="mw-page-title-main">Penny Pritzker</span> American businesswoman (born 1959)

Penny Sue Pritzker is an American billionaire heiress, businesswoman and civic leader who served as the 38th United States secretary of commerce in the Obama administration from 2013 to 2017. She was confirmed by a Senate vote of 97–1.

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.

Daniel Pritzker is an American billionaire heir, musician, film director, and member of the Pritzker family.

Anthony Nicholas Pritzker is a member of the Pritzker family and an heir to the Hyatt Hotel fortune; he is managing partner of the Pritzker Group.

<span class="mw-page-title-main">J. B. Pritzker</span> Governor of Illinois since 2019

Jay Robert "JB" Pritzker is an American billionaire businessman and politician serving since 2019 as the 43rd governor of Illinois. Pritzker, a member of the wealthy Pritzker family that owns the Hyatt hotel chain, has started several venture capital and investment startups, including the Pritzker Group, where he is managing partner.

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

Gigi Pritzker is an American billionaire and film producer. She is a member of the Pritzker family.

John A. Pritzker is an American billionaire and investor. He is a member of the Pritzker family, the grandson of A.N. Pritzker and son of Jay Pritzker,

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 an American 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 involved with 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 October 29, 2015.
  2. ↑ "Penny Pritzker Shows Why She Got Buffett to Aid Obama". Bloomberg.com. August 21, 2008. Retrieved April 26, 2023.
  3. ↑ "Pritzker family". Encyclopædia Britannica . Retrieved September 20, 2013.
  4. 1 2 3 Chandler, Susan; Bergen, Kathy (June 12, 2005). "Inside the Pritzker family feud". Chicago Tribune. Retrieved March 21, 2016.
  5. ↑ Свобода, Радіо (October 27, 2015). "Американський міністр знайшла пращурів з Київщини, відвідала єврейський цвинтар і школу". Радіо Свобода (in Ukrainian). Retrieved November 19, 2023.
  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 November 19, 2023.
  7. ↑ Wilgoren, Jodi (January 7, 2005). "$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 November 23, 2020.
  9. ↑ "Shattered Dynasty". Vanity Fair . June 2007. Retrieved November 5, 2011.
  10. ↑ "Pritzker family agreement to divide wealth comes to a close". Chicago Tribune . June 12, 2005. Archived from the original on January 5, 2012. Retrieved March 21, 2016.
  11. ↑ Rojc, Philip (August 17, 2017). "So Many Pritzkers, So Much Philanthropy: Meet This Top Family of Givers". Inside Philanthropy. Retrieved May 30, 2019.
  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". August 22, 2013. Retrieved March 16, 2017.
  15. ↑ "JB Pritzker wins the Illinois Democratic primary – facing off against a deeply unpopular Republican governor in a blue state this fall". March 20, 2018.
  16. ↑ "Forbes Billionaires 2024: The Richest People In The World". Forbes. Retrieved April 3, 2024.
  17. ↑ "UCSF Nancy Friend Pritzker Psychiatry Building opens to patients". UCSF Department of Psychiatry and Behavioral Sciences. June 27, 2022. Retrieved July 22, 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.