John Pritzker’s profile picture

John Pritzker

John Pritzker’s profile picture
Net worth 2018: $2.43 Billion
Industry: Investments
Residence: San Francisco, California
Country: United States
BirthDay: 1953
Children: 3
Education: Bachelor of Arts / Science, Menlo College
BIOGRAPHY

John Pritzker was bornon 1953 in San Francisco, California, United States. John Pritzker is #1003 in List Billionaires People In The World. John Pritzker learned the hotel business at his family's Hyatt Hotel chain; he sold his shares in Hyatt to relatives in 2010. Pritzker went on to build Commune Hotels and Resorts, a boutique hotel management company. In 2016 Commune Hotels merged with Destination Hotels of Denver and was renamed Two Roads Hospitality. It manages 95 hotels in 8 countries. John's brother Thomas Pritzker is the chairman of Hyatt and his sister Gigi Pritzker is a film producer. John's father Jay, uncle Robert and grandfather A.N. Pritzker built a diverse fortune that included manufacturing and service group Marmon Holdings.

NET WORTH STATISTIC
2009

$1.5 Billion

2010

$1.4 Billion

2011

$1.9 Billion

2012

$1.8 Billion

2013

$2 Billion

2014

$2.1 Billion

2015

$2.3 Billion

2016

$2.3 Billion

2017

$2.4 Billion

2018

$2.43 Billion

Three years ago I gave the commencement speech at Menlo College and received an honorary degree in Rocket Science (true story). Whenever my team doubt the veracity of my assertions I remind them I'm a Rocket Scientist.

John Pritzker
TIMELINE
2016

In 2016, the San Francisco Museum of Modern Art completed a $500 million expansion, which includes the Pritzker Center for Photography

2012

In 2012, Commune operated 46 hotels and had $450 million in revenues

2011

In October 2011, he merged the 30 hotel Joie de Vivre chain with the Pomeranc family's 12 hotel Thompson Hotel Group to form Commune Hotels & Resorts which he co-chairs with Jason Pomeranc

2010

In 2010, he sold his ownership interest in Hyatt to his family

2007

5 billion to cigarette company Reynolds American Inc; in 2007, the family sold control of the Marmon Group to Warren Buffett's Berkshire Hathaway for $4

2006

The family has been divesting its assets: in 2006, the family sold Conwood, a smokeless tobacco company, for $3

2005

In 2005, Pritzker founded the private equity firm Geolo Capital with his Mandara business partner Tom Gottlieb; Geolo Capital focused on investments in hospitality, entertainment, and health & wellness companies

2001

In 2001, the remaining 60% was sold to Steiner Leisure Limited, a Nasdaq (STNR) listed company

2000

In 2000, 40% of the company was sold to Shiseido Co

1996

In 1996, he formed Mandara Spa, a chain of 72 resort spas, which he hoped to pair up with Hyatt Hotels, but ended up being located entirely in competitors to Hyatt

1988

In 1988, he left Hyatt to pursue his own entrepreneurial activities including become a founding member of Ticketmaster

1972

In 1972, Pritzker started his career working in the family business, Hyatt Hotels, where in 1984, he rose to become Managing Director and Divisional Vice President

1957

He also created the Hyatt Hotel chain in 1957 and owned Braniff Airlines from 1983–1988

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