 | ||
The Pritzker family is an American Jewish 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.
Contents
The family is most famous for owning the Hyatt hotel chain, and the Marmon Group, conglomerate of manufacturing and industrial service companies which has since been sold to Berkshire Hathaway. Other holdings have included the Superior Bank of Chicago, which notably collapsed in 2001, the TransUnion credit bureau and the Royal Caribbean cruise line.
The Pritzker family and its members are of Jewish descent, and is known for its relationship to Chicago.
Family business
In 1995, Jay Pritzker (cofounder of Hyatt) stepped down and Thomas Pritzker took control of the The Pritzker Organization. When Jay died in 1999, the family decided to split the business into 11 pieces worth $1.4 billion a piece, but had to settle a lawsuit from two family members who received $500 million each.
In 2011, the dissolution had been completed and each of the cousins had gone their separate ways, with some pursuing business and others pursuing philanthropic or artistic ventures.
Family fortune
Members of the Pritzker family on the Forbes 400 list of "The 400 Richest Americans 2015":