Thomas Pritzker Net Worth 2016

Thomas J. Pritzker Net Worth

Real Name: Thomas J. Pritzker
Date of Birth: 06/06/1950
Place of Birth: New York City, New York

2019 Net Worth: $3 Billion
2018 Earnings:

Profession: Executive Chairman, Hyatt Hotels

Tom Pritzker, Thomas Biography

Thomas Pritzker was born in June of 1950. He inherited a stake of the Hyatt, and the industrial conglomerate Marmon Holdings, as well as numerous other assets that were acquired and built upon by his father and grandfather. Pritzker graduated with an MBA from the University of Chicago Booth School of Business.  Pritzker owns about 14 percent of this lucrative international hotel chain. Although the family became involved in a very public dispute about the family business, a sell off of assets brought this public court case to a close.

Although Pritzker was leading the family empire, after the death of his father, numerous family members did not approve of the way he was managing the business. The family struck a deal in which they would break up the business into 11 pieces over a 10 year period so everyone could go their separate ways. The family sold control of their conglomerate, Marmon Holdings, to Warren Buffet for $4.5 billion. This money was then split between 11family members so that they could invest it in the businesses of their choice. Two other family members who were children from a second marriage settled out of court for $450 million.  Pritzker is the only family member still working for the Hyatt Hotel chain. Pritzker sits on the board of Royal Caribbean Cruises, along with being the founder and chairman of North America Western Asia Holdings LLC. Pritzker wants to invest in Iraqi companies while advising clients about possible business opportunities in the region.

Pritzker remained at the helm throughout the breakup of the family assets. The Pritzker Empire was estimated to be worth $15 billion when the selloff began in 2001. If all the family members were to combine their wealth today, it’s estimated worth would be $19 billion. This says a great deal about Pritzker’s business and investment skills. Pritzker himself has a current net worth of $3 billion, which will surely increase as this savvy businessman continues to invest in lucrative projects.

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