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What is J.B. Pritzker’s Net Worth? How Illinois Governor Become Billionaire Businessman?

Jay Robert “J. B.” Pritzker is the 43rd governor of Illinois and a billionaire businessman and philanthropist in the United States. He took office in 2019. Pritzker is the managing partner of the Pritzker Group and the founder of several other venture capital and investment firms.

His family controls the global hotel brand Hyatt. His personal wealth is believed to be $3.6 billion. Pritzker has been a committed member and generous donor to the Democratic Party for many years. After facing stiff competition in the Democratic primary, he emerged as the state of Illinois’ nominee for governor in the 2018 election.

On November 6, 2018, he won the general election and gained office after the Republican incumbent Bruce Rauner was beaten by him. In the gubernatorial election of 2022 in Illinois, Pritzker was elected to a second term.

J. B. Pritzker: Biography

He entered the world on January 19, 1965, as Jay Robert “J. B.” Pritzker. Pritzker is a member of the notable Jewish business and philanthropic family the Pritzkers, who have roots in Atherton, California. Ever since Forbes began compiling its list of “America’s Richest Families” in 1982, the Pritzkers have been among its most prominent members.

J.B. Pritzker's Net Worth

His older siblings include Penny Pritzker, a former United States Secretary of Commerce, and Anthony Pritzker. Jay and Bob Pritzker are the names of Pritzker’s paternal grandfather’s two brothers. Abe Pritzker Sr. was a successful business attorney and the ancestor of Robert Pritzker.

Pritzker claims that his grandfather set up abroad trusts for which he is the beneficiary only for the purpose of making philanthropic donations and not for any personal gain. Pritzker received his BA in political science from Duke University after completing his time at the Milton Academy boarding school in Milton, Massachusetts.

J.B. Pritzker's Net Worth

He graduated with a J.D. in 1993 from the Pritzker School of Law at Northwestern University. As an attorney, he is involved in the legal community by way of affiliation with the Illinois State Bar Association and the Chicago Bar Association.

Jay Robert Pritzker: Net Worth

Net Worth: $3.4 Billion
Date of Birth: Jan 19, 1965 (57 years old)
Gender: Male

United States business magnate Jay Robert Pritzker is worth $3.4 billion. Mr. Pritzker currently oversees the operations of the Pritzker Group, a private equity and venture capital firm that invests in well-established but failing businesses.

J.B. Pritzker's Net Worth

In 1995 he also established his own thriving VC business called New World. New World has supplied funding to approximately 50 different firms, all of which are in the information technology or software industries. His philanthropic efforts have focused largely on K-12 and higher education.

Entrepreneur, Investor, And Philanthropist

J. B. performed well for himself and became an entrepreneur amidst the legal drama occurring inside the Pritzker family. In 2012, he founded the nonprofit digital startup 1871 and served as chairman of ChicagoNEXT.

In 1871 provides a platform for over 200 organizations to operate out of and collaborate with major players in the business world, including UPS and Google for Entrepreneurs, to assist entrepreneurs to grow their ventures.

J.B. Pritzker's Net Worth

J. B. Pritzker, along with his brother Tony, established Pritzker Group Private Capital, which invests in and manages businesses in the middle market. As of April 2020, J. B.’s “source of wealth” was reported by Forbes to be “hotels, investments” and his net worth to be $3.4 billion, making him the 250th richest American in 2019.

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Business Career

Pritzker launched the non-profit digital start-up incubator in 1871 (named after the year of the Great Chicago Fire) and served as the chairman of ChicagoNEXT, Mayor Rahm Emanuel’s council on innovation and technology.

He was instrumental in the development of such organizations as the Illinois Venture Capital Association and the Chicagoland Entrepreneurial Center. He also helped launch local tech incubators Techstars Chicago and Built in Chicago, which he co-founded.

J.B. Pritzker's Net Worth

Pritzker is a co-founder of Pritzker Group Private Capital with his brother Tony. The firm invests in and manages middle-market businesses. PECO Pallet, the industry leader in rental pallets, and Clinical Innovations, a manufacturer of medical devices, are both members of this expanding family of businesses.

Pritzker was recognized by the Chicagoland Chamber of Commerce in 2008 with the Entrepreneurial Champion Award for his contributions to the city’s economic growth and employment opportunities.

Political Career

Pritzker was the national co-chairman of Hillary Clinton’s campaign in the 2008 presidential election. He attended both the 2008 and 2016 Democratic National Conventions as a delegate. In the 2008 general election, he voted for Barack Obama and worked to unite the Clinton and Obama campaigns in the state of Illinois.

J.B. Pritzker's Net Worth

Pritzker established the national organization Democratic Leadership for the 21st Century with the goal of enlisting young people (those under the age of 40) as Democratic Party members. In Washington, D.C., he worked on the legislative staffs of Democratic Senator Terry Sanford (NC), Democratic Senator Alan J.
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Dixon (IL), and Democratic Representative Tom Lantos (CA).

In 1998, he spent half a million of his own money on television advertising in the Chicago area as part of his bid for the U.S. House of Representatives from Illinois’s 9th congressional district. There were five candidates in the Democratic primary, and Pritzker came in third with 20.48 percent of the vote, behind then-State Representative Jan Schakowsky (45.14) and State Senator Howard W. Carroll (34.40%).

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J. B. Pritzker: Personal Life

J.B. Pritzker's Net Worth

Mary Kathryn “M. K.” Muenster, a South Dakota native and aide to U.S. Senator Tom Daschle of South Dakota, and Pritzker wed in 1993. 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. They have two kids and live in Chicago’s affluent Gold Coast area.

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