THE MONEY: One of 11 heirs to Hyatt hotel fortune, runs family-funded private equity and venture capital firm Pritzker Group with brother J.B. Wealth continued to grow after sale of remaining shares in industrial conglomerate Marmon to Berkshire Hathaway and continuing expansion of Pritzker Group.
BUZZ: Pritzker Group Private Capital acquired Technimark, packaging design and production, materials recycling and product distribution company, in late April. Bought Milestone AV Technologies, global designer and distributor of branded audiovisual products in late 2013. Venture capital fund invested $45 million in cloud-based facilities maintenance company SMS Assist. Pritzker sits on board of Los Angeles County Museum of Art, Hammer Museum and UCLA Institute of the Environment and Sustainability. Donated $20 million to UCLA in October. Grandfather Nicholas Pritzker established family fortune by buying distressed real estate in Chicago century ago. Second generation founded Marmon Group, which was sold in series of transactions over time for $7.5 billion to Warren Buffet’s Berkshire Hathaway. Transfer of Pritzker interests completed last year. He spent 20 years running middle-market manufacturing and distribution companies.
$3.33 billion s17%
LAST YEAR: $2.85 billion
RESIDENCE: Beverly Hills
SOURCE OF WEALTH: Inheritance
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