Karen Pritzker Net WorthReal Name: Karen Pritzker
Date of Birth: 1/1/1958
Place of Birth: Chicago, Illinois
2017 Net Worth: $4.3 Billion
Profession: Investor, Writer
Karen Pritzker Biography
Karen Pritzker was born in 1958 in Chicago, Illinois. Her parents divorced in 1979 and both remarried. Pritzker’s father, along with her paternal uncles, owned the Marmon Group, building it until it had more than 60 diversified industrial businesses. They owned Braniff Airlines between 1983 and 1988, as well as created the Hyatt Hotel chain.
Pritzker attended Northwestern University where she graduated with a B.A. She worked at the family magazine, Working Mother, as an editor before the family sold it in 1986. She has since written for various magazines and newspapers including Seventeen, SUCCESS, Newsday, and Krikus Reviews. The majority of her income comes from the family business. Well diversified, the family has been divesting its assets lately including the sale of Conwood, a smokeless tobacco company, in 2006 for $3.5 billion to Reynolds American Inc., the big cigarette company in the U.S. The company also sold control of the Marmon Group to Berkshire Hathaway for $4.5 billion in 2007, and finally, they sold their majority stake in Transunion, the credit reporting company, for an undisclosed amount of money, to Madison Dearborn Partners.
Pritzker’s husband, Michael Vlock, is an investor. Together with her husband, the pair invests in stocks including Hyatt Hotels and Apple. They own stakes in a chain of grilled cheese restaurants and a company that specializes in battery powered paddleboards and surfboards. Pritzker’s wealth comes at the end of a 10-year effort to divide the family’s $19 billion fortune, one of the largest in America. This division among 11 cousins played out in the courts over a 3 year period but now appears to be at an end with all the cousins and family members receiving more than $1 billion each.
Pritzker has four children and lives in Branford, Connecticut and has a home in the Upper East Side of Manhattan, New York. She has a net worth of $4.3 billion, which should continue to grow substantially if her investment plans pay off as they have in the past.