Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#490 Thomas Pritzker $4.26B

Random fact: Was called to the Pentagon for a meeting about the Iraq war in 2008.

Overview

Pritzker is the chairman and chief executive of Hyatt Hotels, which was founded by his father, Jay. He owns shares of Hyatt and Royal Caribbean Cruises. Along with other family members, he also owns commercial real estate through Pritzker Realty Group and Vi Senior Living as well as a stake in Triton International.

As of Jan. 21, 2018:
Last change +$52.7M (+1.3%)
YTD change +$197M (+4.8%)
Industry Finance
Biggest asset Cash
Citizenship United States
Age 67
Wealth Inherited
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Thomas Pritzker's net worth of $4.26B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Pritzker's wealth is derived from the proceeds and assets he received following the breakup of his family's hotel and diversified manufacturing empire. Beginning in 2001, the family underwent a decade-long restructuring program to dispose of most of the assets accumulated by third-generation brothers Jay, Robert and Donald.

The family sold the TransUnion consumer credit-reporting service, The Marmon Group, Conwood chewing tobacco and several other real estate holdings, resulting in total calculated pre-tax proceeds of $20.1 billion, according to separate company announcements about the sales. That amount was distributed to Thomas and 10 other cousins in the third and fourth generation of the family.

Pritzker retained a stake in certain family holdings including shares of Hyatt Hotels in which he owns a 16.7 percent stake, according to its April 2016 proxy. He also owns shares in publicly traded container leasing company, Triton International, according to its May 2016 prospectus.

His stake in assisted living developer, Vi Senior Living, is valued using data on average value-per-unit for senior housing properties on the west coast of the U.S., according to 12 months of transaction data collected by Bloomberg Intelligence. The value of his share in the family's Pritzker Realty Group is based on the group's stated value in 2010, less the value of disclosed divestments and adjusted in accordance with the Moody's/RCA U.S. Commercial Property Price Index's performance from 2011 through the third quarter of 2016.

The billionaire declined to comment on his net worth.

Biography

Birthdate: 6/6/1950
Family: Married, 3 children
Education: University of Chicago, MBA Claremont Men's College, Bachelor's Degree University of Chicago, JD

The grandson of family patriarch Abram Nicholas "A.N.", Thomas J Pritzker was born in Chicago in 1951 to A.N.'s oldest son Jay. He was raised in his home town and studied at the University of Chicago where he received both a masters degree in business and a law degree in 1976.

During his career he has been involved with building businesses in various industries such as container leasing, manufacturing, pharmaceuticals and hospitality. He's chairman and Chief Executive Officer of The Pritzker Organization, the family's closely-held investment firm, as well as chairman and CEO of Hyatt Hotels.

Over the span of a decade beginning in 2001, Pritzker led a massive restructuring of the family's jointly-held holdings. The process, which involved keeping some assets, selling others and listing shares of Hyatt on the New York Exchange, was initiated after a group of fourth-generation cousins accused other family members of paying themselves too much to run the family enterprises, moving assets to their own trust funds and failing to disclose those actions. Rather than go to court, the family decide to restructure their assets.

The billionaire lives in Chicago with his wife, U.K.-born Margot, who became a U.S. citizen in 1994. They have three sons and one grandson.

Milestones
  • 1957 Father Jay Pritzker buys the family's first hotel for $2 million.
  • 1977 Marries Margot Marshall.
  • 1995 Father designates him head of the family business.
  • 1999 Father Jay dies at age 76.
  • 1999 Becomes a director at Royal Caribbean Cruises.
  • 2001 Pritzker family agrees to restructure assets to avoid court feud.
  • 2006 Conwood becomes first major family asset to be sold.
  • 2013 Pritzker Organization buys TMS International Corp. for $688 million.