Jay Pritzker
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Jay Arthur Pritzker (August 26, 1922 – January 23, 1999) was an American businessman and member of the Pritzker family. He was a founder of the Hyatt Corporation, having purchased the first Hyatt Hotel in 1957, and was responsible for the corporation's evolution into a multinational hospitality conglomerate.
Early life and education
Pritzker was born in Chicago, Illinois to Jewish parents. Pritzker's grandparents emigrated to the United States in 1881.[1] A son of Fanny (née Doppelt) and Abram Nicholas Pritzker, he had two brothers: Donald and Robert Pritzker.[2] At the age of 14, Pritzker was admitted to the University of Chicago.[3] He then went on to graduate with a B.S. from Northwestern University in 1941 and a J.D. from the Northwestern University School of Law in 1947.[2][4][5] Pritzker served in WWII as a naval aviator.[6]
Career
Pritzker diversified the Chicago-based family business—which then consisted of the Pritzker & Pritzker law firm run by his uncle, Harry, and the investments made by his father and his uncle, Jack — into the Marmon Group holding company.Script error: No such module "Unsubst". With his brother, Robert, he built a portfolio of 60 diversified industrial corporations. He created the Hyatt Hotel chain in 1957 with his brother Donald Pritzker and owned Braniff Airlines from 1983–1988.Script error: No such module "Unsubst".
In 1979 he established the Pritzker Architecture Prize. In 1982, he acquired Ticketmaster and expanded it before selling 80% for more than $325 million to Microsoft co-founder Paul Allen in 1993.[7][8][9]
In 1979, Pritzker received the Golden Plate Award of the American Academy of Achievement.[10]
In 1996, he and his wife, Cindy, received the National Building Museum's Honor Award.[11] In 2004, the Jay Pritzker Pavilion, designed by architect Frank Gehry, was completed as part of Millennium Park in downtown Chicago.Script error: No such module "Unsubst".
Personal life
Pritzker was married to Marian "Cindy" Friend, the daughter of Illinois appellate judge Hugo Friend,[12][13] for 51 years.[14][15] They had five children:[16]
- Nancy Pritzker (1948-1972), died by suicide at age 24. The University of Chicago medical school is named for her.[17]
- Thomas Pritzker (born 1950), served as chairman of Hyatt Foundation, chairman of Marmon Holdings, and as a director of Royal Caribbean, and the Pritzker Foundation.[16]
- John Pritzker (born 1953), runs his own private equity firm Geolo Capital, which focuses on investments in hospitality, entertainment and health and wellness companies. In 2010, he purchased a majority interest in the Joie de Vivre hotel chain and later merging it with the Pomeranc family's Thompson Hotel Group.[16]
- Daniel Pritzker (born 1959), musician and filmmaker who served as a trustee of the Jay Pritzker Foundation along with his wife, Karen. He also founded the Jay Pritzker Academy in Ta Chet, Cambodia; and is a prominent supporter of Providence St. Mel School in Chicago and Tufts University. He is the owner of Jerry Garcia's famed guitar "Wolf", which he purchased at auction for $789,500.
- Jean "Gigi" Pritzker (born 1962), film and play producer and is CEO of Odd Lot Entertainment.[16]
See also
References
External links
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- ↑ a b New York Times: "Jay Pritzker, Who Built Chain Of Hyatt Hotels, Is Dead at 76" By ANTHONY RAMIREZ January 25, 1999
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- ↑ Northwestern University Timeline Template:Webarchive retrieved April 17, 2013
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- ↑ Template:Cite magazine
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- ↑ National Building Museum: List of Honor Award recipients retrieved April 17, 2013.
- ↑ CNN Money: "THE PRITZKERS UNVEILING A PRIVATE FAMILY" By Ford S. Worthy April 25, 1988
- ↑ Jewish Telegraphy Agency: "Judge Hugo Friend Named to Illinois Appellate Court" October 27, 1930
- ↑ Vanity Fair: "Shattered Dynasty" by Suzanna Andrews May 2003
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- ↑ a b c d Script error: No such module "citation/CS1".
- ↑ USA Today "Father's 'Little Princess' in big Pritzker family feud" Debbie Howlett July 15, 2003
- Pages with script errors
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- 1922 births
- 1999 deaths
- 20th-century American businesspeople
- 20th-century American Jews
- 20th-century American philanthropists
- American billionaires
- American financiers
- American people of Ukrainian-Jewish descent
- Braniff
- Businesspeople from Chicago
- Hyatt people
- Pritzker family
- Philanthropists from Illinois
- Northwestern University alumni
- Northwestern University Pritzker School of Law alumni
- United States Army Air Forces personnel of World War II
- University of Chicago alumni