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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).
Pritzker was born in Palo Alto, California, on January 19, 1965.He is the son of Donald Pritzker and Sue Pritzker (née Sandel). [7] [4] A member of the Pritzker family, a Jewish family of Ukrainian descent [8] prominent in business and philanthropy during the late 20th century, [9] [10] Pritzker is named after both of his paternal uncles, Jay Pritzker and Robert Pritzker. [11]
Jay Pritzker Pavilion, Chicago, Illinois, USA. 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.
Jay Robert Pritzker, widely known as J.B. Pritzker, is the 43rd governor of Illinois. He and his family are one of the wealthiest families in the United States. His family founded the Hyatt Hotel...
J.B. Pritzker (D-Ill.) — Estimated net worth, $3.6 billion. ... tech investor and heir to the Hyatt Hotel chain poured $171.5 million into his 2018 gubernatorial campaign, setting a record for ...
In 2010, a majority stake of Joie de Vivre was purchased by Geolo Capital, the private equity firm founded by Hyatt Hotels heir John Pritzker.A $150 million fund to acquire additional hotels was established as part of the deal, with plans to acquire $300 million to $500 million in hotels over a three-to-five-year period. [3]
Thomas Pritzker One of the heirs to and the executive chairman of Hyatt Hotels, Pritzker moved up the Forbes ranking this year to No. 552 with a net worth of $5 billion.
The first Hyatt House was opened in 1954 by business partners Hyatt Robert von Dehn and Jack Dyer Crouch as a motel near Los Angeles International Airport. [6] In 1957, the hotel was purchased by entrepreneur Jay Pritzker for US$2.2 million.