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JB Pritzker Net Worth: A Billionaire Businessman of America
Here we are talking about JB Pritzker net worth, personal life, biography, and career in business and politics. He is one of the billionaires of America who achieves fame as a top brand ambassador.
JB Pritzker net worth in 2022
American business magnate Jay Robert Pritzker is worth $3.4 billion. Jay Robert Pritzker, better known as J.B. Pritzker, was born in Chicago, Illinois, and earned a degree in political science from Duke University. After graduating from Northwestern University, he attended the school’s law program to further his education. His grandfather started Marmon and the Hyatt hotel network, making his family one of the wealthiest in the United States. Today, Mr. Pritzker is the managing partner of the Pritzker Group, private equity and venture capital firm that invests in well-established but failing businesses. In 1995, he also established his own thriving VC business called New World. New World is focused on the information technology (IT) and software industries and has backed approximately 50 startups in those areas. He is a generous benefactor who has provided funding for numerous academic initiatives.
Last 5 Years’ net worth trend of JB Pritzker
JB Pritzker net worth in 2022
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About JB Pritzker
A wealthy businessman, philanthropist, and politician, Jay Robert “J. B.” Pritzker (born January 19, 1965) has been the 43rd governor of Illinois since 2019. Chicago-based venture capitalist and investor Pritzker is a member of the affluent Pritzker family, which owns the global hotel chain Hyatt. He is also the founder of various companies in this field, including the Pritzker Group, where he serves as a managing partner. His wealth is believed to be $3.4 billion.
Pritzker is a steadfast member and donor to the Democratic Party. After a heated primary, he emerged as the Democratic nominee for governor of Illinois in 2018. On election day, November 6, 2018, he defeated Republican incumbent Bruce Rauner, and on January 14, 2019, he entered office. Pritzker received a BA in political science from Duke University after attending the boarding school Milton Academy in Milton, Massachusetts. He graduated with a J.D. in 1993 from the Pritzker School of Law at Northwestern University. Since becoming an attorney, he has joined the Chicago Bar Association and the Illinois State Bar Association.
Business & Political Career
Pritzker co-founded 1871, a non-profit digital start-up incubator, and chaired Chicago NEXT, Mayor Rahm Emanuel‘s council on innovation and technology (named for the year of the Great Chicago Fire). While in Chicago, he was instrumental in establishing the Chicagoland Entrepreneurial Center and the Illinois Venture Capital Association. He also helped launch local tech incubators Techstars Chicago and Built in Chicago and was a co-founder of the latter.
Pritzker co-founded the private equity firm Pritzker Group Private Capital with his brother Tony. PECO Pallet, the industry leader in pallet rentals, and Clinical Innovations, a manufacturer of medical devices, are both parts of this expanding family of businesses. To recognize Pritzker’s dedication to fostering economic growth and new employment opportunities, the Chicagoland Chamber of Commerce presented him with the Entrepreneurial Champion Award in 2008.
Pritzker spent $500,000 of his own money on television commercials in the Chicago area when he ran for Congress from Illinois’ 9th district in 1998. With 20.48 percent of the vote, he came in third among the five Democratic candidates, behind then-Representative Jan Schakowsky (45.14) and Senator Howard W. Carroll (34.40%).
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Pritzker established the national organization Democratic Leadership for the 21st Century to enlist young people (those under the age of 40) as Democratic Party members. He also worked on the legislative staffs of Senator Terry Sanford, Senator Alan J. Dixon, and Representative Tom Lantos in Washington, D.C., where he dealt with a wide range of domestic and international issues on their behalf.
Pritzker was a co-chairman of Hillary Clinton’s national campaign in the 2008 presidential election. When the Democrats held their national convention in 2008 and again in 2016, he was there as a delegate. In the 2008 general election, he voted for Barack Obama and worked to unite the Clinton and Obama camps in Illinois. Pritzker declared his intention to run for the Democratic nomination for governor of Illinois on April 6, 2017. More than a dozen members of the Illinois General Assembly, 21 local labor unions, and the Illinois AFL-CIO all backed him. He also received the endorsement of Illinois Secretary of State Jesse White.
Pritzker chose Juliana Stratton, a newcomer to the Illinois State Legislature and a resident of Chicago, to be his running mate on August 10, 2017. Pritzker had spent $42 million of his own money on the campaign as of December 2017 without doing anything in the way of outside fundraising. In the primary election held on March 20, 2018, he easily defeated his rivals by a margin of more than 20%. Pritzker received 54% of the vote versus Bruce Rauner’s 39% in the general election held in November. As of the summer of 2018, Pritzker had a significant lead over Rauner in most surveys. He went on to win the election by the greatest margin in a governor contest since 1994.
Personal Life of JB Pritzker
Mary Kathryn “M. K.” Muenster, whom Pritzker met in 1993 when she was an aide to U.S. Senator Tom Daschle, was the wife of Pritzker. She is one of Theodore and Karen Muenster’s three children. In 1990, her father made a futile bid for the Senate of the United States. The family of four resides in the affluent Gold Coast area of Chicago.
According to the Chicago Sun-Times, Pritzker made the property he bought next door to his unusable by removing the plumbing. The freshly constructed mansion was unusable, so Pritzker contested his initial property tax assessment and the Cook County assessor lowered the value from $6.25 million to around $1.1 million, saving him about $230,000 a year in taxes. The matter is being looked upon by federal prosecutors.
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