Pritzker family

The Pritzker family is an American family engaged in various business enterprises 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 expansion of the Hyatt Hotels Corporation by Jay Pritzker.

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 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

• Jacob Pritzker (1831–1896) and Sophia Schwarzman (1850–1910)
  • Nicholas Pritzker (1871–1957), a Jewish immigrant from Kyiv, founder of Pritzker & Pritzker law firm in Chicago and a cousin of the existentialist philosopher Lev Shestov (Schwartzman), ^[12] married Annie P. Cohn
    • Harry Nicholas Pritzker (1893–1957), a lawyer at Pritzker and Pritzker law firm, married Elna Stone
      • Richard S. Pritzker (1944–2015), married Lori Hart
      • Joanne Pritzker (1946–1955)
    • Abram Nicholas Pritzker (1896–1986), patriarch of the family business enterprise, married Fanny Doppelt
      • Jay Pritzker (1922–1999), co-founder of Hyatt, philanthropist, founder of the Pritzker Prize. Married Marian "Cindy" Friend
        • Nancy Pritzker (1948–1972)
        • Thomas Pritzker (born 1950), chief executive of The Pritzker Organization, married Margot Marshall
        • John Pritzker (born 1953), married Lisa Stone, 3 children
          • Adam Pritzker (born 1984), co-founder and chair of General Assembly, Columbia University trustee, married Sophie McNally
        • Daniel Pritzker (born 1959), founder, guitarist, and songwriter for the band Sonia Dada, and documentary filmmaker, married Karen Edensword
        • Jean (Gigi) Pritzker (born 1962), filmmaker, married Michael Pucker
      • Robert Pritzker (1926–2011), founder of Marmon Group and philanthropist, married to Audrey Gilbert (3 children), Irene Dryburgh (2 children), and Mayari Sargent
        • Jennifer N. Pritzker (born James, 1950), Colonel (Ret), Illinois Army National Guard, founder of the Pritzker Military Museum & Library ^{[13] [14]}
        • Linda Pritzker (born 1953), Tibetan Buddhist lama, author
        • Karen Pritzker (born 1958), married Michael Vlock
        • Matthew Pritzker (born 1982)
        • Liesel Pritzker (born 1984), actress, married Ian Simmons
      • Donald Pritzker (1932–1972), co-founder and president of Hyatt, married Sue Sandel, 3 children
        • Penny Pritzker (born 1959), 38th United States Secretary of Commerce, chair and CEO of PSP Capital Partners and Artemis Real Estate Partners, 2012 national co-chair of Obama for America, former Stanford University trustee, married Bryan Traubert
        • Anthony Pritzker (born 1961) married Jeanne Kriser
        • J. B. Pritzker (born 1965), founder of Pritzker Group Venture Capital (formerly New World Ventures), co-founder of Pritzker Group, Governor of Illinois (2019–present), ^[15] national co-chair of the Hillary Clinton presidential campaign, 2008, married M.K. Muenster
    • Jack Nicholas Pritzker (1904–1979), real estate developer and lawyer, married Rhoda Goldberg (1914–2007)
      • Nicholas J. Pritzker (born 1944), chair of the board and CEO of the Hyatt Development Corporation, married Susan Stowell

Family members fortune

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

Rank	Name	Net 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

• A.N. Pritzker Elementary School
• Jay Pritzker Pavilion at Chicago's Millennium Park
• Nancy Friend Pritzker Psychiatry Building at the University of California, San Francisco ^[17]
• Pritzker Architecture Prize
• Pritzker Family Children's Zoo at the Lincoln Park Zoo
• Pritzker College Prep, a Campus of the Noble Network of Charter High Schools
• Pritzker Institute of Biomedical Science and Engineering at the Illinois Institute of Technology
• Pritzker School of Law at Northwestern University
  • Pritzker Legal Research Center at Northwestern
• Pritzker Hall at the University of California, Los Angeles
• Pritzker School of Medicine at the University of Chicago (UChicago)
• Pritzker School of Molecular Engineering at UChicago
• Pritzker Marine Biological Research Center at New College of Florida
• Pritzker Galleries of Impressionism and Post-Impressionism at the Art Institute of Chicago
• Pritzker Traubert Family Library at the University of Chicago Laboratory Schools
• The Pritzker Organization
• Pritzker Edition of Zohar (the Book of Radiance), translation & commentary by Daniel Matt and, for last 3 volumes, Nathan Wolski and Joel Hecker; 12 vols, Stanford University Press, 1997–2017
• Pritzker Military Museum and Library-cited earlier in this article.
• Robert A. Pritzker Center for Meteoritics and Polar Studies in the Field Museum of Natural History
• Pritzker Department of Psychiatry and Behavioral Health in the Lurie Children's Hospital

See also

• The Pritzker Estate
• List of largest houses in the Los Angeles Metropolitan Area
• List of largest houses in the United States

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. 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 World's Billionaires List: The Richest in 2024". 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.