Matthew Pritzker

Matthew Pritzker
Born (1982-05-28) 28 May 1982
Residence Chicago, Illinois
Occupation Investor, philanthropist
Organization Matthew Pritzker Company (chairman and founder)
Relatives Pritzker family

Matthew Pritzker (born May 28, 1982) is an American investor and businessperson based in Chicago, Illinois.[1] In 2008 he founded the Matthew Pritzker Company.[2] The company’s focus is on building businesses across a variety of industries—including real estate, technology,[3] media,[3][4] consumer,[5] and manufacturing.[6] Pritzker supports a number of local and national charities and institutions.[2]

Early life and education

Matthew Pritzker was born May 28, 1982 to Irene Pritzker (née Dryburgh) and Robert Pritzker of the Pritzker family,[1][7][8] an American family engaged in business and philanthropy.[3][7][8] His parents divorced in 1989.[8] He grew up in Chicago, Illinois and is an alumnus of New Trier High School.[3]

Career

In 2008,[2] following a series of successful real estate investments,[3][4] he formed The Matthew Pritzker Company.[2] The company focuses on building businesses across a variety of industries—including real estate, technology,[3] media,[3][4] consumer,[5][9] and manufacturing.[6] Crain's Chicago Business named Pritzker to their “40 under 40” list of businesspeople, when he was 29.[10]

The Matthew Pritzker Company has a portfolio of investments in companies such as Elon Musk’s SpaceX, Fairgrounds Craft Coffee & Tea, and Blaze Pizza, as well as continued investments in real estate.[11] In 2012 Pritzker bought a stake in the Colson Group, a caster manufacturing company that his father Robert Pritzker had helped build decades earlier.[6]

Philanthropy

Pritzker supports a number of civic and philanthropic initiatives in Chicago and the United States.[2] He is the benefactor of The Mathew Pritzker Enchanted Forest, a network of pathways and play areas within Maggie Daley Park in Chicago.[12]

Lawsuit

After family patriarch Jay Pritzker died in 1999, the extended Pritzker family began restructuring the family's businesses and assets.[1] In the course of that process, issues came to light which Pritzker's younger sister, Liesel, raised in a lawsuit against certain trustees, advisers, and beneficiaries. Pritzker eventually joined his sister's lawsuit,[13] which the parties successfully resolved two years later.[14] In January 2005, the press speculated that Pritzker received about $500 million in a settlement agreement.[15][1]

Political activity

Pritzker is active in politics[16] and supports local,[17] state, and national candidates.[18]

Personal life

Pritzker lives in Chicago's Lincoln Park neighborhood.[4][19] He has a private pilot's license.[20]

References

  1. 1 2 3 4 "Shattered Dynasty". Vanity Fair. 2007-06-01. Retrieved 2011-11-05.
  2. 1 2 3 4 5 "Matthew Pritzker Profile", Bloomberg
  3. 1 2 3 4 5 6 7 Strahler, Steven R. (July 17, 2010). "Matthew Pritzker tests wings with investments in real estate, movies and more". Crain's Chicago Business.
  4. 1 2 3 4 "A Pritzker Picks Up Three Lincoln Park Properties", Chicago Mag, February 17, 2012
  5. 1 2 "Pritzker-backed deal aggregator partnering with MasterCard", John Pletz, Chicago Business, April 17, 2012
  6. 1 2 3 "Pritzker trust sells stake in caster manufacturer", Becky Yerak, The Chicago Tribune, April 17, 2012
  7. 1 2 Worthy, Ford; Hutton, Cynthia (April 25, 1988). "The Pritzkers Unveiling A Private Family Can you believe it? These billionaires actually like each other. But as Pritzkers proliferate, a worry arises: Can they maintain their striking success – and keep everyone happy?". CNN Money. Retrieved August 29, 2010.
  8. 1 2 3 Carlyle, Erin (December 2, 2013). "Liesel Pritzker Simmons Sued Her Family And Got $500 Million, But She's No Trust Fund Baby". Forbes.
  9. ↑ "Koupon Media raises $4.5M for streamlined mobile coupons (exclusive)", Sarah Mitroff, VentureBeat, April 9, 2012
  10. ↑ Crain's Chicago business; "40 under 40 - Matthew Pritzker" 2011
  11. ↑ MatthewPritzkerCompany.com Portfolio
  12. ↑ Donor Information, Maggie Daley Park
  13. ↑ "Matthew Pritzker files suit on trusts", Chicago Tribune , April 30, 2003
  14. ↑ "How a little princess won back her inheritance", Mark Maremont, The Sydney Morning Herald, January 9, 2005
  15. ↑ "$900 Million Accord Enables Breakup of Pritzker Dynasty", Jodi Wilgoren, The New York Times, January 7, 2005
  16. ↑ "Chicagoans at Obama’s last State Dinner: Here is the list", Chicago Sun Times, October 18, 2016
  17. ↑ "Emanuel pads fundraising lead by another $520,900 in last week", Fran Spielman, Chicago Sun Times, February 12, 2015
  18. ↑ "Donor Lookup", OpenSecrets.org
  19. ↑ Greenfield, John (2010-08-11). "Lawsuit alleges a Pritzker heir involved in hit-and-run". TimeOut Chicago. Retrieved 2011-11-05.
  20. ↑ "Planespotting: The Revenge", Bess Levin, Dealbreaker, June 8, 2006
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