Where Did Jb Pritzker Get His Money
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J.B. Pritzker is running for Illinois Governor this twelvemonth, funding his campaign mostly out of his ain pocket. He's worth $3.5 billion, is the 5th riches person in Illinois, and so far has spent $49.2 million on his campaign. Governor Bruce Rauner is also spending millions on his campaign, making the race already one of the well-nigh expensive governor races in history, with Nov still months away. Pritzker's family is i of the wealthiest in the United States, with nearly of their money coming from hotels, though Pritzker has besides made significant coin investing in technology startups.
Here'southward everything you need to know:
i.He's Worth $3.5 Billion, Much of it From Investing in Tech
J.B. Pritzker is worth an estimated $3.v billion, according to Forbes. He founded Pritzker Group Venture Capital in 1996. The firm invests in enterprise software and e-commerce services, as well as emerging engineering companies. Since it's founding, the firm has invested in more 100 companies, including SinglePlatform, which was acquired by Abiding Contact, Playdom, which was acquired by Disney, and TicketsNow, which was caused past Ticketmaster.
Pritzker Group Individual Capital, which he founded with his brother Tony, focuses on middle market companies. Entertainment Cruises, LBP, PathGroup, and Technimark are a few of the companies in the group's portfolio. The firm was an investor in Dollar Shave Gild, which sold to Unilever for $1 billion in 2016, and besides has stake in SpaceX, Elon Musk's space exploration company.
Pritzker founded 1871, a hub for Chicago'due south digital startup customs, and funded Built in Chicago and Techstars Chicago. He helped create the Illinois Venture Capital Association and Chicago Venture.
Every bit of December 2017, Pritzker had spent $42 million of his own wealth on his campaign for governor of Illinois, an unusually loftier amount for a governor's race.
2. His Uncle Founded Hyatt Hotels, Establishing a Fortune for the Family unit
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Pritzker's uncle, Jay Pritzker, founded Hyatt Hotels and his father, Donald Pritzker, managed and developed the concatenation. The Pritzker family unit as well owned the manufacturing and industrial company conglomeration Marmon Group, which was sold to Berkshire Hathaway.
When Jay Pritzker died in 1999, the family divide his wealth and J.B. Pritzker, along with 10 other family members, received $1.4 billion.
3. He has Used His Wealth for Expert Effectually Chicago
Pritzker is president of the J.B. and Yard.K Pritzker Family unit Foundation, which is focused on early on babyhood development, community healthcare, and ceremonious and human rights problems. ThePritzker Consortium on Early Childhood Evolution at the University of Chicago researches data on early childhood development, and so works to bring results to policy makers to promote public investment in early childhood programs. The J.B. and M.One thousand. Pritzker Family unit Foundation is a supporter of the Kickoff Five Years Fund, which provides learning resources to children under age five.
Pritzker led the funding campaign for the Illinois Holocaust Museum and Education Center. He served as chairman of the Illinois Man Rights Commission, and funded the Cambodia Tribunal Monitor, a news source well-nigh the international criminal tribunal on the Political leader Pot government.
In 2015, Pritzker and his wife made a $100 million gift to Northwestern University Schoolhouse of Law in honor of Nicholas J. Pritzker, Pritzker's great grandfather. In 2007, they gave $v million to the University of South Dakota for the Theodore R. and Karen K. Muenster University Center, congenital in honor of K.Thou. Pritzker's parents. In 2011, they donated to the Milton Academy for the Pritzker Science Center.
In 2008, the Chicagoland Chamber of Commerce awarded Pritzker the Entrepreneurial Champion Laurels for his chore creation and economic evolution work.
four. Eight of His Family Members are on Forbes' 400 Richest People in America List
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Since Forbes' 'America'due south Richest Family' list started in 1982, they Pritzker family has been most the top. In 2017, viii Pritzker family members made the "Forbes 400 Richest People In America" list. Karen Pritzker, the highest ranking family member, is number 132 on the listing and worth $4.8 billion. She invests almost of her wealth in Hyatt and Apple, Inc., and in her venture fund LaunchCapital, LLC.
Thomas Pritzker, son of Jay Pritzker who founded Hyatt, is number 200 on the Forbes list with a cyberspace worth of $iv billion. He manages The Pritzker Organisation and is chairman of the Hyatt Hotels Corporation.
J.B. Pritzker and his brother Anthony are tied at number 219, with $3.5 billion.
Jean Pritzker is number 302, Penny Pritzker is number 315, John Pritzker is number 340, and Daniel Pritzker is number 359. All of them are worth more than $ii billion.
v. The Pritzker Family has Research Centers, Schools, and Famous Tourist Attractions Around Chicago Named Subsequently Them
The Jay Pritzker Pavilion in Chicago's Millennium Park/Wikimedia
The Pritzker family unit has donated or endowed large sums to numerous Chicago educational institutions. They include the Pritzker School of Medicine at the University of Chicago, the Pritzker Schoolhouse of Law at Northwestern University, the Pritzker Legal Research Center at Northwestern University, the Pritzker Institute of Biomedial Science and Applied science at the Illinois Plant of Technology, Pritzker College Prep, the Pritzker Traubert Family unit Library at the University of Chicago Laboratory Schools, and the A.Due north. Pritzker Elementary School.
The family unit's cultural or recreational legacy includes the Pritzker Military Museum and Library, The Pritzker Architecture Prize, the Pritzker Family Children's Zoo at the Lincoln Park Zoo, The Pritzker Galleries of Impressionism and Postal service-Impressionalism at the Art Found of Chicago, and the Jay Pritzker Pavilion at Millennium Park.
Source: https://heavy.com/news/2018/02/j-b-pritzker-net-worth-hotels-hyatt-technology-governor/
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