History of Pritzker family in Timeline
The Pritzker family, renowned for their entrepreneurial ventures and philanthropic endeavors, stands as one of the wealthiest families in the United States. Their fortune originated primarily from establishing and expanding the Hyatt Hotels Corporation during the 20th century.
1982: The Pritzker family's debut on Forbes' "America's Richest Families"
In 1982, the Pritzker family was listed among the top 10 wealthiest families in the United States by Forbes magazine.
1995: Jay Pritzker Steps Down, Thomas Pritzker Takes Control
Jay Pritzker, co-founder of Hyatt, stepped down in 1995 and Thomas Pritzker took control of The Pritzker Organization.
1999: Death of Jay Pritzker and Division of the Family Business
Following Jay Pritzker's death in 1999, the Pritzker family business was divided into 11 parts, each valued at $1.4 billion.
2005: Settlement of Family Lawsuit
In 2005, a lawsuit from two Pritzker family members was settled, reportedly for $500 million each.
2011: Completion of the Pritzker Family Business Dissolution
By 2011, the dissolution of the Pritzker family business was finalized, with family members pursuing diverse interests.
2024: Pritzker Family Members on Forbes' World's Billionaires List
In 2024, several members of the Pritzker family were featured on Forbes' World's Billionaires list.
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