Anthony Nicholas Pritzker Net WorthReal Name: Anthony Nicholas Pritzker
Date of Birth: 01/07/1961
Place of Birth: United States
2017 Net Worth: $3.4 Billion
Profession: CEO of the Pritzker Group, heir to the Hyatt Hotel Chain
Anthony Pritzker Biography
Anthony “Tony” Pritzker was born in January of 1961. He is one of three sons that are heir to the Hyatt Hotel chain fortune. He graduated from Dartmouth College, and then went on to receive an MBA from the University of Chicago. He worked at various companies in the beginning of his career. He was Group Executive at the Marmon Group and directed operation at Micro-Aire, Fenestra, and Oshkosh Door. He was then appointed by the Marmon Group to oversee Stainless Industrial Companies, and now serves as the Managing partner of Pritzker Group.
When the patriarch of the family passed on in 1999, the family realized that it had gotten so large that no one had the same vision for the family business. Everyone wanted to go their own way. Cousins began to accuse each other of “overpaying” themselves to run the Pritzker business and putting the money into their own private accounts. Of course everyone denied any wrongdoing but in order to avoid litigation, the family agreed to a 10 year restriction on the firm, selling various businesses and holdings and dividing the money among 11 family members. Even as family members get their share, they are all still billionaires. Pritzker and his brother, JB, decided to pool their money and invest in various businesses. These brothers purchase for the long haul, not for a quick turnover. Pritzker is the CEO and oversees the day to day operations. Pritzker’s wealth grew tremendously due to the profit from a stock sale that he and his brother had retained in Marmon. Pritzker has turned his share of the family money, $1.35 billion, into his current net worth of $3.4 billion in less than 10 years’ time.
Pritzker states that his 55-employee Pritzker Group had an annual rate of return of 28.7 percent between the years of 2007 and 2012, mostly due to investing in long term, family run businesses. Pritzker and his brother have purchased 8 companies since 2004, and found the need to sell only one.