Thomas Pritzker

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Thomas Pritzker
Born (1950-06-06) June 6, 1950 (age 69)
NationalityAmerican
Alma mater Claremont McKenna College
University of Chicago Booth School of Business
OccupationHotelier and philanthropist
Net worthUS$4.2 billion (February 2018) [1]
Spouse(s)Margot Marshall
Children3
Parent(s) Jay Pritzker
Marian Friend
Relatives Pritzker family
FamilyNancy Pritzker (sister)
John Pritzker (brother)
Daniel Pritzker (brother)
Jean "Gigi" Pritzker (sister)

Thomas Pritzker (born June 6, 1950) is an American billionaire heir, businessman and philanthropist. 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, and the executive chairman of the Hyatt Hotels Corporation. [1]

A billionaire, in countries that use the short scale number naming system, is a person with a net worth of at least one billion units of a given currency, usually major currencies such as the United States dollar, the euro or the pound sterling. Additionally, a centibillionaire has been deemed applicable to a billionaire worth one hundred billion dollars (100,000,000,000), a mark first achieved in 2017 by Amazon founder Jeff Bezos, with a net worth of $112 billion in a report issued in early 2018. The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916, and still holds the title of history's wealthiest individual.

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

Contents

Early life

Thomas Pritzker was born on June 6, 1950, the son of Jay Pritzker (1922–99) and his wife, Marian Friend. He holds an JD and MBA from the University of Chicago, [2] and a BA from Claremont McKenna College.

Jay Pritzker American businessman; uncle of J.B. Pritzker

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

University of Chicago Private research university in Chicago, Illinois, United States

The University of Chicago is a private research university in Chicago, Illinois. Founded in 1890, the school is located on a 217-acre campus in Chicago's Hyde Park neighborhood, near Lake Michigan. The University of Chicago holds top-ten positions in various national and international rankings.

Claremont McKenna College Conservative liberal arts college in Claremont, CA, with curricular emphasis on economics, finance, and public affairs

Claremont McKenna College (CMC) is a coeducational, private liberal arts college in Claremont, California. It has a curricular emphasis on economics, finance, international relations, government and public affairs. CMC is a member of the Claremont Colleges consortium.

Career

He is founder (2011) and chairman of North America Western Asia Holdings LLC (Nawah), an investment and advisory firm seeking to invest in Iraqi companies while advising clients looking to do business in the region. [3]

North America Western Asia Holdings

North America Western Asia Holdings, (NAWAH) is an investment firm founded in 2011. It was established by Hyatt Hotels executive chairman Thomas Pritzker and former Pentagon official Paul Brinkley to build businesses in the Middle East, Central Asia and North Africa.

Philanthropy

He is the past chairman of the Art Institute of Chicago and the Center for Strategic and International Studies. He organized the Pritzker Neuropsychiatric Disorders Research Consortium. [4] He is a director of UCLA.

Art Institute of Chicago art museum and school in Chicago

The Art Institute of Chicago, founded in 1879 and located in Chicago's Grant Park, is one of the oldest and largest art museums in the United States. Recognized for its curatorial efforts and popularity among visitors, the museum hosts approximately 1.5 million people annually. Its collection, stewarded by 11 curatorial departments, is encyclopedic, and includes iconic works such as Georges Seurat's A Sunday on La Grande Jatte, Pablo Picasso's The Old Guitarist, Edward Hopper's Nighthawks, and Grant Wood's American Gothic. Its permanent collection of nearly 300,000 works of art is augmented by more than 30 special exhibitions mounted yearly that illuminate aspects of the collection and present cutting-edge curatorial and scientific research.

The Center for Strategic and International Studies (CSIS) is a think tank based in Washington, D.C., in the United States. CSIS was founded as the "Center for Strategic and International Studies" of Georgetown University in 1962. The center conducts policy studies and strategic analyses of political, economic and security issues throughout the world, with a specific focus on issues concerning international relations, trade, technology, finance, energy and geostrategy.

The Pritzker Neuropsychiatric Disorders Research Consortium is a collaborative research enterprise by leading academic and scientific institutions including research groups at the University of Michigan, Stanford University, the University of California at Irvine, the University of California at Davis, Cornell University, and the HudsonAlpha Institute. The consortium is focused on discovering the neurobiological and genetic causes of three major psychiatric disorders, major depressive disorder, bipolar disorder and schizophrenia, and identifying biomarkers for better diagnosis and novel targets for treatment.

Personal life

He is married to Margot Marshall; [5] they have three sons. [6] [7]

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Jennifer Natalya Pritzker is an American investor, philanthropist, and member of the Pritzker family. Pritzker retired as a Lieutenant Colonel from the United States Army in 2001, and was later made an honorary Colonel in the Illinois Army National Guard. 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."

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References

  1. 1 2 "Forbes profile: Thomas Pritzker". Forbes. Retrieved 25 February 2018.
  2. "Thomas Pritzker - Board of Trustees - The University of Chicago". trustees.uchicago.edu. Archived from the original on 2018-02-25. Retrieved 25 February 2018.
  3. Kelly, Jason (October 28, 2011). "Ex-Pentagon Matchmaker, Pritzker Open Firm for Deals in Iraq". Bloomberg Businessweek . Archived from the original on 2012-01-03. Retrieved 28 July 2012.
  4. "CSIS.org: Thomas J. Pritzker".
  5. Chicago Tribune: "Inside the Pritzker family feud Since the 1999 death of the revered Jay Pritzker, tensions have quietly roiled Chicago's wealthiest family. Here is a look behind the scenes" By Susan Chandler and Kathy Bergen June 12, 2005
  6. Financial Times: "Thomas Pritzker, Hyatt chairman: a billionaire with many faces" by Henny Sender September 21, 2014
  7. Harris, Melissa; Wernau, Julie (December 18, 2011). "The Pritzker family tree". Chicago Tribune.