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Pritzker family

From Wikipedia, the free encyclopedia

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 founding and expansion of the Hyatt Hotels Corporation, which was founded by Jay Pritzker and also involved his brother Donald 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

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In 1995, Jay Pritzker, the co-founder of Hyatt,[clarification needed] 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

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Family members fortune

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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

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See also

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References

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  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. ^ a b c 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.