Pritzker family

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States of America (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 hotel corporation.

Family members still largely own Hyatt, and also owned the Marmon Group, a conglomerate of manufacturing and industrial service companies (which has since been sold to Berkshire Hathaway).[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.

The Pritzker family is of Jewish descent,[2] and based in Chicago, Illinois.[3]

Family fortune[edit]

In 1995, Jay Pritzker, the cofounder of Hyatt, stepped down and Thomas Pritzker took control of The Pritzker Organization.[3] When the former died in 1999, the family split the business into 11 pieces worth $1.4 billion each[3] (and chose to settle a lawsuit from two family members, who apparently received $500 million each, in 2005).[4][5][6] 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.[7] According to Inside Philanthropy, there are so many Pritzkers, with so many different vehicles or foundations for their philanthropic giving, that it is difficult to keep track.[vague][8]

Genealogy[edit]

Family members fortune[edit]

Members of the Pritzker family on the Forbes 400 list of "The 400 Richest Americans 2015":[13]

Rank Name Net Worth
557 Anthony Pritzker $3.1 billion
512 J. B. Pritzker $3.4 billion
847 John Pritzker $2.6 billion
551 Thomas Pritzker $3.1 billion
737 Penny Pritzker $2.5 billion
847 Daniel Pritzker $2.2 billion
1054 Jennifer Pritzker $1.78 billion
737 Jean (Gigi) Pritzker $2.5 billion
381 Karen Pritzker $4.3 billion
1054 Linda Pritzker $1.85 billion
1250 Nicholas J. Pritzker $1.48 billion
Total $29 billion

Legacy[edit]

See also[edit]

References[edit]

  1. ^ Bajaj, Vikas (December 26, 2007). "Rapidly, Buffett Secures a Deal for $4.5 Billion". The New York Times. Retrieved 29 October 2015.
  2. ^ "Pritzker family". Encyclopædia Britannica. Retrieved 20 September 2013.
  3. ^ a b c "Inside the Pritzker family feud". Chicago Tribune. Retrieved 2016-03-21.
  4. ^ "$900 Million Accord Enables Breakup of Pritzker Dynasty", Jodi Wilgoren, The New York Times, January 7, 2005
  5. ^ Chicago Tribune. "Judge sets hearing on sealed Pritzker cases" by Susan Chandler (February 12, 2004)
  6. ^ "Shattered Dynasty". Vanity Fair. 2007-06-01. Retrieved 2011-11-05.
  7. ^ "Pritzker family agreement to divide wealth comes to a close". Chicago Tribune. Retrieved 2016-03-21.
  8. ^ Rojc, Philip (August 17, 2017). "So Many Pritzkers, So Much Philanthropy: Meet This Top Family of Givers". Inside Philanthropy. Retrieved 2019-05-30.
  9. ^ Baranova-Shestova, N.L. The Life of Lev Shestov. p. 290. ISBN 978-5-458-24845-7.
  10. ^ Geidner, Chris (August 23, 2013). "Billionaire Backer Of Open Transgender Military Service Comes Out As Transgender". BuzzFeed. Retrieved August 23, 2013.
  11. ^ "James Pritzker opens new chapter in her life". Retrieved 16 March 2017.
  12. ^ "JB Pritzker wins the Illinois Democratic primary – facing off against a deeply unpopular Republican governor in a blue state this fall".
  13. ^ "The 400 Richest Americans 2015". Forbes. Retrieved 2011-10-23.