Thomas Pritzker: American heir, businessman, and philanthropist
Thomas Pritzker is an American heir, businessman, and philanthropist with a net worth of $3.1 billion dollars. He was born on June 6, 1950, and is a member of the Pritzker family. Pritzker currently serves as the Chairman and CEO of The Pritzker Organization (TPO), which manages the various Pritzker family business assets, and is the Executive Chairman of the Hyatt Hotels Corporation.
Pritzker is also the founder and Chairman of North America Western Asia Holdings LLC (Nawah), an investment and advisory firm that seeks to invest in Iraqi companies while advising clients looking to do business in the region. He is the Chairman of the Board of the Art Institute of Chicago and responsible for organizing the Pritzker Neuropsychiatric Disorders Research Consortium. Additionally, he serves on the Board of Directors of UCLA.
After years of selling off assets to settle a family dispute, Pritzker is now wheeling and dealing once again. In late 2013, he teamed up with his sister Gigi to buy up steel mill servicing company TMS International Corp. for about $687 million in cash, or $1 billion including debt. He inherited a stake in Hyatt, industrial conglomerate Marmon Holdings, and other assets built up by his grandfather A.N. Pritzker with his sons Jay, Robert, and Donald.
Thomas is one of three cousins who led a 10-year unwinding of shared family assets, which ended in 2011. Pritzker also chairs the Art Institute of Chicago.
