Penny Pritzker is a famous Entrepreneur, born on May 2, 1959 in United States. As of December 2022, Penny Pritzker’s net worth is $2.5 Billion. Her father Donald N. Pritzker was one of the co-founders of Hyatt hotels. In 2011, the Forbes 400 list of America’s wealthiest showed her as the 263rd richest person in the U.S. with an estimated net worth of $1.8511 billion.
| Father | Not Available |
| Mother | Not Available |
| Siblings | J. B. Pritzker, Anthony Pritzker |
| Spouse | Bryan Traubert |
| Children(s) | Donald Pritzker Traubert, Rose Pritzker Traubert |
Penny Pritzker Biography
American business executive and entrepreneur who became the 38th United States Secretary of Commerce in 2013 and made Forbes in 2011. Penny Pritzker was born in Chicago in 1959, the daughter of Sue (née Sandel) and Donald Pritzker. She is a member of the Pritzker family of Chicago, a wealthy and influential business family. Donald Pritzker was one of the co-founders of Hyatt Hotels. He moved the family to Atherton, California, where business for the Hyatt Hotels began to grow. Penny has two younger brothers, Tony (b. 1961) and J. B. Pritzker (b. 1965)..
She mothered two children with her husband Bryan Traubert.
Penny Sue Pritzker (born May 2, 1959) is an American billionaire businesswoman, entrepreneur, and civic leader. President Barack Obama nominated Pritzker as United States Secretary of Commerce. After being confirmed by a Senate vote of 97–1, she became the 38th person to hold that position.
Ethnicity, religion & political views
Many peoples want to know what is Penny Pritzker ethnicity, nationality, Ancestry & Race? Let’s check it out! As per public resource, IMDb & Wikipedia, Penny Pritzker’s ethnicity is Not Known. We will update Penny Pritzker’s religion & political views in this article. Please check the article again after few days.Young Penny would accompany her father to the hotels and check the cleanliness of the ladies restrooms. In 1972, Don died suddenly of a heart attack when Penny was 13 years old. Following Don’s death, Sue began battling depression, requiring Penny to at times care for her mother and her younger brothers. At age 16, Penny wrote a letter to her grandfather, and head of the family business empire, A. N. Pritzker, in which she asked why he talked business with the men in the family and not with her. Finally realizing Penny’s interest in business, A. N. provided her with a summer course in accounting.
Penny Pritzker Net Worth
Penny Pritzker is one of the richest Entrepreneur & listed on most popular Entrepreneur. According to our analysis, Wikipedia, Forbes & Business Insider, Penny Pritzker‘s net worth $2.5 Billion.
| Net Worth | $2.5 Billion |
| Salary | Under Review |
| Source of Income | Entrepreneur |
| Cars | Not Available |
| House | Living in own house. |
She earned an A.B. in Economics from Harvard College in 1981 and both a J.D. and an M.B.A. from Stanford University in 1984.
Young Penny would accompany her father to the hotels and check the cleanliness of the ladies restrooms. In 1972, Don died suddenly of a heart attack when Penny was 13 years old. Following Don’s death, Sue began battling depression, requiring Penny to at times care for her mother and her younger brothers. At age 16, Penny wrote a letter to her grandfather, and head of the family business empire, A. N. Pritzker, in which she asked why he talked business with the men in the family and not with her. Finally realizing Penny’s interest in business, A. N. provided her with a summer course in accounting.
Penny attended Castilleja School until 1977. She graduated with a Bachelor of Arts in economics from Harvard College in 1981. The following year, Penny’s mother died after falling out of the passenger side of a tow truck. Penny returned to school, earning both a Juris Doctor and a Masters of Business Administration from Stanford University in 1985.
In the 1980s, Pritzker completed her first Ironman Triathlon in Hawaii. Pritzker trained for six months and ultimately finished the race in 12 hours. In addition to competing in triathlons, Pritzker has also run marathons. Pritzker is married to ophthalmologist Bryan Traubert, with whom she has two children. Although her relationship with her brothers became strained following the family business restructuring, they eventually reconciled, and Penny expressed support for the idea of younger brother J. B. running for office in 2017.
Who is Penny Pritzker dating?
According to our records, Penny Pritzker married to Bryan Traubert. As of May 2022, Penny Pritzker’s is not dating anyone.
Relationships Record: We have no records of past relationships for Penny Pritzker. You may help us to build the dating records for Penny Pritzker!From 1991–1994, Penny Pritzker was chairperson of the Hinsdale, Illinois-based Superior Bank of Chicago, in which Jay Pritzker had purchased a 50% stake from the Federal Deposit Insurance Corporation, who had taken over the bank when it failed. In 1993 the bank “embarked on a business strategy of significant growth into subprime home mortgages”, according to a report by the United States Treasury Department. In 2000 it became clear the bank was faltering. In the months leading up to 2001, the Pritzkers tried to work out a recapitalization plan. In July 2001, the FDIC seized the bank after the recapitalization could not be resolved. Subsequently, the Pritzker family reached an agreement with regulators to pay $460 million.
Penny Pritzker Height
Penny Pritzker’s height Not available right now. weight Not Known & body measurements will update soon.| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
Facts & Trivia
Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous celebrity born in United States. Penny Pritzker celebrates birthday on May 2 of every year.
Pritzker’s friendship with Barack Obama and his family dates back to the 1990s when he was a professor at the University of Chicago. Pritzker met Obama at a Chicago YMCA where her son participated in a basketball program coached by Obama’s brother-in-law Craig Robinson. Obama and his family were frequent guests at Pritzker’s Lake Michigan vacation home.
Why are the Pritzkers rich?
The Pritzkers, a powerful Chicago family, spent the 2000s feuding over trusts and eventually divvied up fortune that includes Hyatt hotels. With his sons, A.N. Pritzker (d. 1986) created Hyatt and invested in industrial conglomerate Marmon Group, now owned by Berkshire Hathaway.
How much is the Pritzker family worth?
In the early 21st century Forbes magazine estimated that the family’s wealth exceeded $15 billion.
How did JB Pritzkers mother died?
It’s been 40 years since his mother, who suffered from alcoholism, was killed in a gruesome car accident when Pritzker was just 17 — only 10 years after his father clutched his chest and died suddenly of a heart attack at age 39.
Who is JB Pritzkers mother?
Sue Sandel
Who is the richest family in Illinois?
- Ken Griffin, $27.2 billion.
- Patrick Ryan, $8 billion.
- Sam Zell, $5.8 billion.
- Joe Mansueto, $5.7 billion.
- Neil Bluhm, $5.5 billion.
- Thomas J. Pritzker, $5 billion.
- Mark Walter, $4.3 billion (tied)
- Ty Warner, $4.3 billion (tied)
In 1995, Penny was named as one of three successors to the retiring Jay Pritzker besides his son Tom and his cousin Nick. Tom was named the official head of the businesses, Nick and Penny each named vice-chairman. Together, the three were to oversee the Pritzker family assets. Jay intended to keep the family business together, devising a system of trusts that would allow individual family members to receive money from the trusts to meet their needs; however, the family’s wealth was to be primarily maintained in the trusts to grow the businesses and fund philanthropic endeavors. The Pritzker business empire contained over 200 businesses and was valued at $15 billion.
After Jay Pritzker’s death in 1999, other Pritzker family members challenged Tom, Nick, and Penny’s control of the businesses in multiple lawsuits. Penny’s brothers joined in one of the lawsuits. In 2001 Tom, Nick, and Penny decided to sell family assets to allow eleven cousins to receive a share, dissolving the family’s business ties. Disentangling the family’s business interests took nearly a decade. The family sold its controlling stake in the Marmon Group to Berkshire Hathaway for $4.5 billion in 2008. The Pritzker Realty Group sold Parking Spot, an airport parking management business Penny co-founded in 1998, to Green Courte Partners LLC for $360 million in 2011.
Pritzker is involved in public education. She was a member of the Chicago Board of Education and is past chair of the Chicago Public Education Fund. Pritzker was elected to a six-year term on the Harvard Board of Overseers in 2002. In 2018, she was elected to the President and Fellows of Harvard College, which oversees Harvard University. Pritzker was Advisory Board Chair of Skills for America’s Future (SAF), a policy initiative of the Aspen Institute. Pritzker is a former chair of the Museum of Contemporary Art, Chicago.
You may read full biography about Penny Pritzker from Wikipedia.