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Karen Pritzker
Karen L. Pritzker (born 1958), the granddaughter of A.N. Pritzker and daughter of Robert Pritzker is an American billionaire, investor, and philanthropist. She is a member of the Pritzker family.
==Biography==
Pritzker was born to a Jewish family in Chicago, Illinois, the daughter of Audrey (née Gilbert) and Robert Pritzker.〔(CNN Money: "THE PRITZKERS UNVEILING A PRIVATE FAMILY" By Ford S. Worthy ) April 25, 1988〕 She has two siblings: Jennifer N. Pritzker (b. James, 1950), a retired Lt Colonel in the U.S. Army and founder of the Pritzker Military Library,〔(Pritzker Military Library website: "Colonel (IL) J. N. Pritzker, IL ARNG (Retired)" ) retrieved December 21, 2012〕 and Linda Pritzker (b. 1953). Her parents divorced in 1979.〔 In 1981, her mother remarried Albert B. Ratner, the co-chairman of Cleveland-based real estate developer Forest City Enterprises.〔(Yale University: "Slow readers, creative thinkers: gift will spur dyslexia studies - New center will explore links between reading problems, creativity" ) retrieved December 21, 2012〕〔(Encyclopedia of Cleveland History: "Biography of the Ratner Family" ) retrieved December 21, 2012〕 In 1980, her father remarried to Irene Dryburgh with whom he had two children: Matthew Pritzker and Liesel Pritzker Simmons.〔
Her father diversified the Chicago-based family business, the Marmon Group - along with his brothers Jay Pritzker and Donald Pritzker - building it into a portfolio of over 60 diversified industrial corporations. They also created the Hyatt Hotel chain in 1957 and owned Braniff Airlines from 1983–1988.〔 The family has been divesting its assets: in 2006, the family sold Conwood, a smokeless tobacco company, for $3.5 billion to cigarette company Reynolds American Inc;〔(Chicago Tribune: "Pritzker family could soon own less than half of Hyatt" By Julie Wernau ) April 19, 2011〕 in 2007, the family sold control of the Marmon Group to Warren Buffett's Berkshire Hathaway for $4.5 billion;〔 and in 2010, the family sold its majority stake in Transunion, the Chicago-based credit reporting company, for an undisclosed amount to Chicago-based private-equity firm Madison Dearborn Partners.〔
Pritzker graduated with a B.A. from Northwestern University.〔 Pritzker worked as an editor at Working Mother before the family sold it in 1986〔 and has written for various publications including SUCCESS (magazine), Seventeen (magazine), Kirkus Reviews and Newsday.〔(The Big Picture documentary website: The Team - Karen Pritzker, Executive Producer ) retrieved July 24, 2013〕 Pritzker invests her wealth through an investment portfolio, the Pritzker/Vlock family office using a buy-and-hold approach: their largest holdings are the family business, Hyatt, and Apple, Inc. Pritzker also operates a venture fund, LaunchCapital LLC〔〔(Launch Capital website: "About US" ) retrieved July 24, 2013〕 with a core focus in the technology, consumer and medical businesses.〔(Launch Capital website: Our Philosophy ) retrieved July 24, 2013〕
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