J B Pritzker Net Worth, Family, Wife, Education, Children, Age, Biography, Political Career

J B Pritzker Biography

Jay Robert "J. B." Pritzker is an American businessman, philanthropist, and politician serving as the 43rd governor of Illinois. He is a private business owner based in Chicago and a managing partner and co-founder of the Pritzker Group, and a member of the Pritzker family that owns the Hyatt hotel chain. He has an estimated personal net worth of $3.4 billion.

Pritzker was the Democratic nominee for governor of Illinois in the 2018 gubernatorial election. He defeated Republican incumbent Bruce Rauner in the general election on November 6, 2018, and took office on January 14, 2019.

He attended Massachusetts boarding school Milton Academy and then graduated from Duke University with a Bachelor of Arts degree in political science. Pritzker went on to earn his Juris Doctor degree from Northwestern University School of Law. He is an attorney and a member of the Illinois State Bar Association and the Chicago Bar Association.

The Chicago Sun-Times reported that Pritzker had purposefully directed a mansion that hed purchased next door to his multi-million-dollar home to become uninhabitable by removing the toilets from the residence. He then appealed his original property tax assessment claiming that the newly built residential property was thus "uninhabitable"; the Cook County assessor reduced the homes value from $6.25 million to about $1.1 million, which granted Pritzker an 83% property tax reduction, equal to about $230,000 per annum. Federal prosecutors are investigating the matter.

J B Pritzker Net Worth

J B Pritzker Net Worth is $ 360 Crores in 2022.

J B Pritzker Family, Parents

Pritzker was born and raised in Atherton, California, a member of the Pritzker family, a Jewish family prominent in business and philanthropy during the late 20th century. The Pritzkers are consistently named near the top of the Forbes "Americas Richest Families" list since its 1982 inception. One of three children of Sue and Donald Pritzker, his elder siblings are Penny Pritzker, former United States Secretary of Commerce, and Anthony Pritzker. Pritzker is named after both of his fathers brothers, Jay and Bob. His grandfather Abe Pritzker, was a business lawyer.

J B Pritzker Wife, Children

In 1993, Pritzker married Mary Kathryn "M. K." Muenster of South Dakota, whom he had met in Washington, D.C., when she worked as an aide to U.S. Senator Tom Daschle of South Dakota. She is one of three children of Theodore and Karen Muenster. Her father unsuccessfully ran for the U.S. Senate in 1990. They live in the Gold Coast neighborhood of Chicago with their two children.

J B Pritzker Career and Achievement

Business Career

Pritzker served as chairman of ChicagoNEXT, Chicago Mayor Rahm Emanuels council on innovation and technology, and he founded 1871, a non-profit digital start-up incubator (named for the year of the Great Chicago Fire), Chicagos digital start-up center. He played an important role in the creation of the Illinois Venture Capital Association and the Chicagoland Entrepreneurial Center. He also co-founded Chicago Ventures and funded the start-up of Techstars Chicago and Built in Chicago.

Together with his brother Tony, Pritzker co-founded Pritzker Group Private Capital, which owns and operates middle-market companies. The group includes a growing family of companies including pallet rental leader PECO Pallet and medical device maker Clinical Innovations. In 2008, Pritzker received the Entrepreneurial Champion Award from the Chicagoland Chamber of Commerce for his efforts to promote economic development and job creation.

Political Career

In the 2008 presidential election, Pritzker served as national co-chairman of Hillary Clintons campaign. He was a delegate to the 2008 Democratic National Convention and the 2016 Democratic National Convention. He supported President Barack Obama in the 2008 general election and helped bring the Clinton and Obama campaigns in Illinois together.

Pritzker founded Democratic Leadership for the 21st Century, a national organization dedicated to attracting voters under the age of 40 to the Democratic Party. He also served on the Washington, D.C. legislative staffs of U.S. Senator Terry Sanford (D-NC), U.S. Senator Alan J. Dixon (D-IL), and U.S. Congressman Tom Lantos (D-CA), for whom he handled multiple domestic and international issues.

In 1998, he ran for the U.S. House of Representatives in Illinoiss 9th congressional district, spending a half-million dollars from his personal fortune on television ads in the Chicago market. Pritzker finished third among five candidates in the Democratic primary, receiving 20.48% of the vote, to then State Representative Jan Schakowskys 45.14% and State Senator Howard W. Carrolls 34.40%.

Governor of Illinois

Pritzker was inaugurated as the 43rd Governor on January 14, 2019.

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