Obama’s Commerce Pick Got $54 Million from Bahamas Trust
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U.S. Commerce Secretary nominee Penny Pritzker received $54 million last year from an offshore trust in the Bahamas, according to a disclosure report that describes an empire of casinos, hotels, energy companies and family trusts that may be worth more than $2 billion.
Pritzker, 54, whose family founded Hyatt Hotels Corp., has assets valued in a range of $400 million to $2.2 billion, not including holdings in the hotel company, according to documents released yesterday by the U.S. Office of Government Ethics.