The 50 Wealthiest Angelenos: Anthony Pritzker – #24

0
The 50 Wealthiest Angelenos: Anthony Pritzker – #24
Anthony Pritzker

The money and the buzz on each of L.A.’s wealthiest.

THE MONEY: Economic recovery boosted net worth. Member of Chicago family whose fortune is derived from hospitality, financial services and heavy industry. Family crown jewel Hyatt Hotels went public in successful IPO. Family retains controlling interest.

BUZZ: Honored in November for fundraising efforts on behalf of Ronald Reagan UCLA Medical Center. About 850 people attended dinner. Continues to work as managing director of family investment firm Pritzker Group. Sister Penny Pritzker, clan matriarch, serves on President Obama’s Economic Recovery Advisory Board. Grandfather Nicholas Pritzker founded dynasty century ago buying distressed Chicago real estate. Sons started Marmon to buy troubled companies. From single hotel near LAX, family built Hyatt into 718-property chain. In 2007, family agreed to sell 60 percent of Marmon Group to Berkshire Hathaway for $4.5 billion. Remaining 40 percent is being transferred over five years for additional $3 billion. Family sold off majority stake in TransUnion Credit, but retains minority stake in Royal Caribbean cruise line. Family values strong, L.A. Pritzker is father of six.

• NET WORTH: $1.6 billion +13%

• LAST YEAR: $1.4 billion

• AGE: 49

• RESIDENCE: Holmby Hills

• SOURCE OF WEALTH: Inheritance

No posts to display