Jay Pritzker
Jay Pritzker | |
|---|---|
 | |
| Born | Jay Arthur Pritzker August 26, 1922 Chicago, Illinois, U.S. |
| Died | January 23, 1999 (aged 76) Chicago, Illinois, U.S. |
| Education | University of Chicago Northwestern University (BS, JD) |
| Known for | Co-founder of Hyatt Corporation |
| Spouse | Cindy Friend |
| Children | 5, including Thomas, John, Daniel, Gigi |
| Parent | Abram Nicholas Pritzker (father) |
| Relatives | See Pritzker family |
Jay Arthur Pritzker (August 26, 1922 – January 23, 1999) was an American businessman 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.
Early life and education
[edit]Pritzker was born in Chicago, Illinois to Jewish parents. Pritzker's grandparents emigrated to the United States in 1881 from Kyiv.[1][2] A son of Fanny (née Doppelt) and Abram Nicholas Pritzker, he had two brothers: Donald and Robert Pritzker.[3] At the age of 14, Pritzker was admitted to the University of Chicago.[4] He then went on to graduate with a B.S. from Northwestern University in 1941 and a J.D. from the Northwestern University School of Law in 1947.[3][5][6] Pritzker served in WWII as a naval aviator.[7]
Career
[edit]Pritzker diversified the Chicago-based family business—which then consisted of the Pritzker & Pritzker law firm run by his uncle, Harry, and the investments made by his father and his uncle, Jack—into the Marmon Group holding company.[citation needed] With his brother, Robert, he built a portfolio of 60 diversified industrial corporations. He created the Hyatt Hotel chain in 1957 with his brother Donald Pritzker and owned Braniff Airlines from 1983–1988.[citation needed]
In 1979 he established the Pritzker Architecture Prize. In 1982, he acquired Ticketmaster and expanded it before selling 80% for more than $325 million to Microsoft co-founder Paul Allen in 1993.[8][9][10]
In 1979, Pritzker received the Golden Plate Award of the American Academy of Achievement.[11]
In 1996, he and his wife, Cindy, received the National Building Museum's Honor Award.[12] In 2004, the Jay Pritzker Pavilion, designed by architect Frank Gehry, was completed as part of Millennium Park in downtown Chicago.[citation needed]
Personal life
[edit]
Pritzker was married to Marian "Cindy" Friend, the daughter of Illinois appellate judge Hugo Friend,[13][14] for 51 years.[15][16] They had five children:[17]
- Nancy Pritzker (1948–1972), died by suicide at age 24. The University of Chicago medical school is named for her.[18]
- Thomas Pritzker (born 1950), served as chairman of Hyatt Foundation, chairman of Marmon Holdings, and as a director of Royal Caribbean, and the Pritzker Foundation.[17]
- John Pritzker (born 1953), runs his own private equity firm Geolo Capital, which focuses on investments in hospitality, entertainment and health and wellness companies. In 2010, he purchased a majority interest in the Joie de Vivre hotel chain and later merged it with the Pomeranc family's Thompson Hotel Group.[17]
- Daniel Pritzker (born 1959), musician and filmmaker who served as a trustee of the Jay Pritzker Foundation along with his wife, Karen. He also founded the Jay Pritzker Academy in Ta Chet, Cambodia; and is a prominent supporter of Providence St. Mel School in Chicago and Tufts University. He is the owner of Jerry Garcia's famed guitar "Wolf", which he purchased at auction for $789,500.
- Jean "Gigi" Pritzker (born 1962), film and play producer and CEO of Odd Lot Entertainment.[17]
Jay Pritzker died at Northwestern Memorial Hospital in Chicago on January 23, 1999, and was buried at Memorial Park Cemetery in Skokie.[19]
See also
[edit]References
[edit]- ↑ "Pritzker family". Encyclopaedia Britannica. Retrieved December 14, 2025.
- ↑ The Monthly Supplement. International Who's Who, Inc. January 1, 1951.
- 1 2 "Jay Pritzker, Who Built Chain Of Hyatt Hotels, Is Dead at 76" by Anthony Ramirez, The New York Times, January 25, 1999 (subscription required)
- ↑ "The fascinating life of Penny Pritzker (so far)". Fortune. Retrieved February 12, 2016.
- ↑ Northwestern University Timeline Archived May 2, 2013, at the Wayback Machine retrieved April 17, 2013
- ↑ Anderson, Jon (January 24, 1999). "JAY A PRITZKER". Chicago Tribune. Retrieved July 23, 2020.
- ↑ Ramirez, Anthony (January 24, 1999). "Jay Pritzker, Billionaire Who Founded the Hyatt Hotel Chain, is Dead at 76". New York Times.
- ↑ "Rival to Ticketron: Ticketmaster Emerging as Force in L.A." Los Angeles Times. January 31, 1985. Retrieved May 30, 2020.
- ↑ "Microsoft Co-Founder Paul Allen Buys Control of Ticketmaster". Chicago Tribune. November 22, 1993. Retrieved May 30, 2020.
- ↑ Sandler, Adam. "Industry's #1 has a ticket to rule". Daily Variety. p. 17.
- ↑ "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
- ↑ National Building Museum: List of Honor Award recipients retrieved April 17, 2013.
- ↑ Worthy, Ford; Hutton, Cynthia (April 25, 1988). "The Pritzkers Unveiling A Private Family Can you believe it? These billionaires actually like each other. But as Pritzkers proliferate, a worry arises: Can they maintain their striking success – and keep everyone happy?". CNN Money. Archived from the original on March 28, 2013 – via WayBack Machine.
- ↑ Jewish Telegraphy Agency: "Judge Hugo Friend Named to Illinois Appellate Court" October 27, 1930
- ↑ Vanity Fair: "Shattered Dynasty" by Suzanna Andrews May 2003
- ↑ "2019-254 Cindy Pritzker Day" (PDF). 2020 Illinois Register. 44 (5): 2442–2443. January 31, 2020.
- 1 2 3 4 Harris, Melissa; Wernau, Julie (December 18, 2011). "Fortune's Fate". Chicago Tribune. pp. 1, 2 – via Newspapers.com.
- ↑ USA Today "Father's 'Little Princess' in big Pritzker family feud" Debbie Howlett July 15, 2003
- ↑ "Jay Pritzker". St. Louis Post-Dispatch. Chicago. Associated Press. January 24, 1999. p. 51. Archived from the original on July 24, 2026. Retrieved July 23, 2026 – via Newspapers.com.
External links
[edit]- Jay Pritzker Pavilion @ Millennium Park, Chicago Archived December 5, 2010, at the Wayback Machine
- 1922 births
- 1999 deaths
- 20th-century American businesspeople
- 20th-century American Jews
- 20th-century American philanthropists
- 20th-century people from Illinois
- American chief executives in the airline industry
- American billionaires
- American chairpersons of corporations
- American chief executives of travel and tourism industry companies
- American financiers
- American people of Russian-Jewish descent
- American people of Ukrainian-Jewish descent
- Braniff
- Businesspeople from Chicago
- Hyatt people
- Jewish American military personnel
- Jews from Illinois
- Military personnel from Chicago
- Northwestern University alumni
- Northwestern University Pritzker School of Law alumni
- Philanthropists from Illinois
- Pritzker family
- United States Army Air Forces personnel of World War II
- University of Chicago alumni