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23-Jan-2018 03:47

(Thanks to judicious investments in such companies as Facebook well before they went public, Pritzker has grown his billion-dollar-plus inheritance to a net worth that No, the main source of his allure is that for nearly two decades, he has devoted himself to making sure that one day “Silicon Prairie” will be an honest-to-God nickname for his adopted city, not a stubbornly elusive dream.This very incubator wouldn’t exist without Pritzker: Two years ago, he ponied up

(Thanks to judicious investments in such companies as Facebook well before they went public, Pritzker has grown his billion-dollar-plus inheritance to a net worth that No, the main source of his allure is that for nearly two decades, he has devoted himself to making sure that one day “Silicon Prairie” will be an honest-to-God nickname for his adopted city, not a stubbornly elusive dream.This very incubator wouldn’t exist without Pritzker: Two years ago, he ponied up $1 million and built a coalition of other supporters to get 1871 off the ground.In some ways, the two couldn’t have been more different: He a West Coast Jew from a superrich clan, she a Midwestern Protestant from a family that was comfortable but not wealthy. K., a South Dakota native who was attending the University of Nebraska, was casually dating the center on the school’s basketball team, says Pritzker. They wed in 1993, the same year he graduated from Northwestern University Law School. Though he still nurtured political ambitions, he started working at a boutique investment bank called the Chicago Corporation.“I fell in the lucky tub,” he says, shaking his head slightly, as though still marveling at his good fortune. The job provided a chance to bet on the kinds of people who had made such an impression on him during his boyhood: tech entrepreneurs. “The idea of investing in entrepreneurs who are building things from scratch, where I can participate in their dream, was very, very exciting to me,” he explains.“I had to call 911 and essentially get her to the hospital,” Pritzker recalls. To finance that, he created a little company and issued shares.He did pretty well.” But Pritzker—gregarious like his father and passionate about such liberal causes as early childhood education (“I think much of what you learn as a kid comes before age seven”)—felt that his true calling was politics.He soon summoned his younger brother Donald—who had recently earned a law degree at the University of Chicago—to run it. Pritzker recalls his earliest years in the sequoia- and redwood-studded area as idyllic.

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(Thanks to judicious investments in such companies as Facebook well before they went public, Pritzker has grown his billion-dollar-plus inheritance to a net worth that No, the main source of his allure is that for nearly two decades, he has devoted himself to making sure that one day “Silicon Prairie” will be an honest-to-God nickname for his adopted city, not a stubbornly elusive dream.

This very incubator wouldn’t exist without Pritzker: Two years ago, he ponied up $1 million and built a coalition of other supporters to get 1871 off the ground.

million and built a coalition of other supporters to get 1871 off the ground.In some ways, the two couldn’t have been more different: He a West Coast Jew from a superrich clan, she a Midwestern Protestant from a family that was comfortable but not wealthy. K., a South Dakota native who was attending the University of Nebraska, was casually dating the center on the school’s basketball team, says Pritzker. They wed in 1993, the same year he graduated from Northwestern University Law School. Though he still nurtured political ambitions, he started working at a boutique investment bank called the Chicago Corporation.“I fell in the lucky tub,” he says, shaking his head slightly, as though still marveling at his good fortune. The job provided a chance to bet on the kinds of people who had made such an impression on him during his boyhood: tech entrepreneurs. “The idea of investing in entrepreneurs who are building things from scratch, where I can participate in their dream, was very, very exciting to me,” he explains.“I had to call 911 and essentially get her to the hospital,” Pritzker recalls. To finance that, he created a little company and issued shares.He did pretty well.” But Pritzker—gregarious like his father and passionate about such liberal causes as early childhood education (“I think much of what you learn as a kid comes before age seven”)—felt that his true calling was politics.He soon summoned his younger brother Donald—who had recently earned a law degree at the University of Chicago—to run it. Pritzker recalls his earliest years in the sequoia- and redwood-studded area as idyllic.

Donald had suffered a fatal heart attack at the age of 39.

N., and Jack, who made a fortune buying up distressed properties and other assets. N.’s elder sons, Jay and Robert, the growth into a multibillion-dollar family-held conglomerate called Marmon, which owned mostly manufacturing companies; they also acquired casinos and even an airline (Braniff).

In 1957, Jay, an indefatigable dealmaker and the de facto head of the Pritzker family’s third generation, bought a Los Angeles hotel called Hyatt House.

“So here this big personality was just gone,” Pritzker says. She found someone to take care of us for a couple of weeks so she could check herself into a rehab program.

“My mother was left with three young kids, ages 13, 11, and 7. Who was going to drive you to your friend’s house, or who’s going to drive you to the soccer game? She went to Alcoholics Anonymous meetings and was sober on and off. I love you, and sometimes I’m challenged by my alcoholism to do everything I should be doing as a mother, but I want you to know that it’s not because I don’t love you.’ ” Ten years to the day after Donald’s fatal heart attack, in May 1982, tragedy struck a second time. “It was a very hard, dark time [for him],” recalls childhood friend Karl Austen, now a Hollywood attorney. also had his Chicago relatives, and he relied on them—particularly his uncles Jay and Robert and their wives—for emotional support. We were very lucky to have an extended family that was so far away but still cared a lot about us.” J. entered Georgetown University that fall (he would later transfer to Duke).

“I was always fascinated by politics, and I was exposed to it quite a lot,” he says.



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