The Pritzker family is an American family engaged in entrepreneurship 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 arose in the 20th century, particularly through the founding and expansion of the Hyatt Hotels Corporation.

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] 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.[2]

The Pritzker family is of Jewish descent[3] and based in Chicago, Illinois.[4] The founder of the American Pritzker family, Yakov (Jacob) Pritzker (1831-1896), was the manager of a sugar factory in Kyiv Governorate, on the territory of modern Ukraine. At first he lived with his family in the village of Velyki Pritzky, then in Kyiv. At the end of the 19th century, escaping from Jewish pogroms in the Russian Empire, he emigrated to the USA with his family.[5][6]

Family fortune

In 1995, Jay Pritzker, the cofounder of Hyatt, stepped down and Thomas Pritzker took control of The Pritzker Organization.[4] When the former died in 1999, the family split the business into 11 pieces worth $1.4 billion each[4] (and chose 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, there are many Pritzkers, with many different vehicles or foundations for their philanthropic giving.[11]

Genealogy

Family members fortune

Members of the Pritzker family on the Forbes World's Billionaires list of "the richest people in the world" in 2023:[16]

Rank Name Net worth
455 Karen Pritzker $5.6 billion
497 Thomas Pritzker $5.3 billion
659 Jean (Gigi) Pritzker $4.2 billion
766 Anthony Pritzker $3.7 billion
787 J. B. Pritzker $3.6 billion
949 Penny Pritzker $3.1 billion
1164 Nicholas J. Pritzker $2.6 billion
1217 John Pritzker $2.5 billion
1272 Daniel Pritzker $2.4 billion
1516 Linda Pritzker $2 billion
1575 Jennifer Pritzker $1.9 billion
Total $36.9 billion

Legacy

See also

References

  1. ↑ Bajaj, Vikas (December 26, 2007). "Rapidly, Buffett Secures a Deal for $4.5 Billion". The New York Times. Retrieved 29 October 2015.
  2. ↑ "Penny Pritzker Shows Why She Got Buffett to Aid Obama". Bloomberg.com. 2008-08-21. Retrieved 2023-04-26.
  3. ↑ "Pritzker family". Encyclopædia Britannica. Retrieved 20 September 2013.
  4. 1 2 3 Chandler, Susan; Bergen, Kathy (June 12, 2005). "Inside the Pritzker family feud". Chicago Tribune. Retrieved 2016-03-21.
  5. ↑ Свобода, Радіо (2015-10-27). "Американський міністр знайшла пращурів з Київщини, відвідала єврейський цвинтар і школу". Радіо Свобода (in Ukrainian). Retrieved 2023-11-19.
  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 2023-11-19.
  7. ↑ Wilgoren, Jodi (2005-01-07). "$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 2020-11-23.
  9. ↑ "Shattered Dynasty". Vanity Fair. June 2007. Retrieved 2011-11-05.
  10. ↑ "Pritzker family agreement to divide wealth comes to a close". Chicago Tribune. June 12, 2005. Retrieved 2016-03-21.
  11. ↑ Rojc, Philip (August 17, 2017). "So Many Pritzkers, So Much Philanthropy: Meet This Top Family of Givers". Inside Philanthropy. Retrieved 2019-05-30.
  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". 22 August 2013. Retrieved 16 March 2017.
  15. ↑ "JB Pritzker wins the Illinois Democratic primary – facing off against a deeply unpopular Republican governor in a blue state this fall". 20 March 2018.
  16. ↑ "Forbes Billionaires 2023: The Richest People In The World". Forbes. Retrieved 2023-04-10.
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