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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
( R e d i r e c t e d f r o m J a y A . P r i t z k e r )
Cofounder of Hyatt Hotels Corp
This article is about the co-founder of Hyatt. For his similarly-named nephew and governor of Illinois, Jay Robert Pritzker, see
J. B. Pritzker .
Jay Pritzker Pavilion, Chicago, Illinois, USA
Jay Arthur Pritzker (August 26, 1922 – January 23, 1999) was an American entrepreneur, conglomerate organizer, 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 [ edit ]
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]
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.[citation needed ] 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.[citation needed ]
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.[citation needed ]
Personal life [ edit ]
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 (born 1948), died by suicide in 1972 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 [ edit ]
References [ edit ]
^ a b New York Times: "Jay Pritzker, Who Built Chain Of Hyatt Hotels, Is Dead at 76" By ANTHONY RAMIREZ January 25, 1999
^ "The fascinating life of Penny Pritzker (so far)" . Fortune . Retrieved February 12, 2016 .
^ Northwestern University Timeline Archived May 2, 2013, at the Wayback Machine retrieved April 17, 2013
^ Anderson, Jon (January 24, 1999). "JAY A PRITZKER" . Chicago Tribune . Retrieved July 23, 2020 .
^ Ramirez, Anthony (January 24, 1999). "Jay Pritzker, Billionaire Who Founded the Hyatt Hotel Chain, is Dead at 76" . New York Times .
^ "Rival to Ticketron: Ticketmaster Emerging as Force in L.A." Los Angeles Times . January 31, 1985. Retrieved May 30, 2020 .
^ "MICROSOFT CO-FOUNDER PAUL ALLEN BUYS CONTROL OF TICKETMASTER" . Chicago Tribune . November 22, 1993. Retrieved May 30, 2020 .
^ Sandler, Adam. "Industry's #1 has a ticket to rule". Daily Variety . p. 17.
^ "Golden Plate Awardees of the American Academy of Achievement" . www.achievement.org . American Academy of Achievement .
^ 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
^ "2019-254 Cindy Pritzker Day" (PDF) . 2020 Illinois Register . 44 (5 ): 2442–2443. January 31, 2020.
^ a b c d Harris, Melissa; Wernau, Julie (December 18, 2011). "Fortune's Fate" . Chicago Tribune . pp. 1 , 2 – via Newspapers.com .
^ USA Today "Father's 'Little Princess' in big Pritzker family feud" Debbie Howlett July 15, 2003
External links [ edit ]
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