Source: Self-made; computer sales Home: Chicago "I don't think we've ever charged that much, and I never saw that kind of a fee when I was (presiding judge) in domestic court.". Source: Inherited; hotels, investments According to the court motion, Jeanne Malkin placed her total trust in Allen as a friend, but got suspicious when Allen asked her for a cash "bonus." The firm's flagship fund, the Calamos Growth Fund, has achieved an annual average return of nearly 23 percent over the past ten years, and total assets under the firm's management have increased by 750 percent in just the past five years. Mr. Malkin, 56, will remain chairman of JMB but increasingly will delegate management duties. Peter L. Malkin (born January 14, 1934) is an American real estate investor and chairman emeritus of Empire State Realty Trust and Malkin Holdings. Wrigley Jr. Co. Dallas tycoon Lamar Hunt, who owns about 11 percent of the Bulls, never has met Michael Jordan. from Harvard Law School ( magna cum laude ). Before moving to Judd's current city of Winnetka, IL, Judd lived in Highland Park IL and Chicago IL. Held behind the museum at Lake Shore Park. Bluhm seems ready for the next ride of the market, whether its up or down. He told his children the familys original name sounded like Sass. But someone, perhaps at Ellis Island, informed relatives, Sass is not a good name in America., Decades after hed first thrilled to it, Mr. Sacks could still quote a radio serial about the mysterious crime-fighter known as The Shadow, which opened with a chilling laugh and the question, Who knows what evil lurks in the hearts of men? He grew into an optimistic, resilient child. J. He named Morningstar after the final line of Thoreau's Walden ("The sun is but a morning star"). He is married to Isabel Wien, who is also Jewish, daughter of real-estate investor Lawrence Wien. In 1993, it reorganized and completed the corporate spin-off and initial public offering of Urban Shopping Centers Inc.[9] Urban later acquired Houston Galleria and Century Square Shopping Center. )Bluhm is cagey about it all, but FORBES estimates his one-third share of JMBs property interests surpasses $125 million. Malkin is the founding chairman of the Grand Central Partnership, Inc. and of the 34th Street Partnership, Inc.; and a founder and director of The Fashion Center Business Improvement District. Personal: Not married Now that Chicagos budding telecommunications industry is shrieking for space, the buildings 2.5 million square feet look more precious by the day. We can do more to protect workers, a labor executive writes. Stephane Fitch, an editor of Forbes's rich list, says the magazine bases its rankings on the estimated fair market value of a person's assets, including stocks, bonds, and real-estate holdings. Jay Robert "J. Home: Chicago Previously, Judd was a Board Member at The Michael J. He and his wife, Anne, also give to the Chicago Symphony Orchestra and Children's Memorial Hospital. 2020 Chicago magazine / A Chicago Tribune Media Group website. He declined to comment but told friends, "We kind of went into it. Upcoming films she is producing include The Girls' Guide to Hunting and Fishing, an adaptation of Melissa Bank's best-selling short-story collection (starring Alec Baldwin and Sarah Michelle Gellar); a romantic comedy called Return to Sender; and Undead or Alive, a horror-Western flick. Today, Bill Jr., the fourth-generation gum maker, has updated the major brands-Doublemint, Juicy Fruit, and Big Red-and branched out into new business areas, adding products like Surpass, an antacid chewing gum, and Orbit, a teeth-whitening gum. He wanted to succeed.. Giving back: He now serves on boards and committees of Northwestern University, the Illinois Human Rights Commission, and the Illinois Holocaust Museum Campaign. Penny Pritzker was tapped by her late uncle Jay to help manage the family's hotel empire and the Marmon Group, an industrial conglomerate. Willie Nelson celebrated his 90th birthday with a two-night star-studded stand at the Hollywood Bowl, where he was joined by Neil Young, Snoop Dogg, the Chicks. In 2000, Urban Shopping Centers was acquired by Rodamco. Personal: Married, 2 children President, CEO, Pritzker Realty Group LP;Chairman, Classic Residence by Hyatt Again, Bluhm wont talk values, but FORBES figures these assets are worth $100 million. The fire was controlled by 2:30am. Prior to founding GEM in 1994, Mr. Malkin was a vice president at JMB Realty Corporation, co-founded in 1968 by his father, Judd Malkin. Her biggest hit so far has been The Wedding Planner. Judicial fisticuffs: Unlike the millions who tuned in the Mike Tyson/Peter McNeeley boxing match, a comparative few watched another recent dustup-this one featuring U.S. District Judge Brian Barnett Duff and the U.S. attorney's office. He does, however, speak for the group of 29 partners and maintains daily executive power. In 1985, the sports boom was just picking up steam and Jordan had just arrived. 'Whose idea of love? At JMB, he was involved with projects including the initial public offering of Urban Shopping Centers, Inc. and the sale of JMBs institutional advisory business. Ury arrived at the downtown hotel an hour early that day, then sat in a nearby restaurant to watch his Bulls. Through her private charity, the Oprah Winfrey Foundation, she has given away many millions of dollars to Education, arts, public health, and women's organizations. By Matthew Hendrickson Apr 19, 2023, 4:10am PDT Dear Abby Muchin, who has known Reinsdorf since both worked as rookie lawyers for the federal government years ago, is not sure if he'd been to any games before 1985. And there are more promising projects in the works. Bachelor of Science, University Illinois, 1959. Personal: Divorced, 3 children Education: Illinois Institute of Technology, BA, MBA. But now, real estate mogul Judd Malkin, partner at JMB Realty Corp., is joining forces with ex-wife Jeanne in a different kind of dispute, and it's got the divorce bar buzzing. Shortly after midnight, firefighters were called to the property to contain an out of control fire started by the fireworks display. These investments were made in part with Bluhms take of JMBs $512 million sale of CyberTel, a St. Louis cellular phone company, to Ameritech in 1991. Judd Malkin may own part of the Bulls, but he can't get you playoff tickets. Education: Tennessee State University, BA. Now he buys real estate-lots of it. Personal: Married, 2 children Kenneth C. Griffin, 37 'To be sure, it would be an ambitious judge who would seek to determine when 'love' begins or ends,' Greiman wrote. He is also chairman and cofounder of Bay City Capital, and he has developed other businesses such as Triton Container, the world's largest provider of cargo containers, and GKH, a $550-million private equity fund. A closer look at the 19 Chicagoans on Forbes magazines annual list of the countrys richest people. Prabook is a registered trademark of World Biographical Encyclopedia, Inc. It made for better entertainment and lasted a bit longer than the 89-second Las Vegas fiasco. Giving back: Bluhm raises money for the Democratic Party-he is a big supporter of Barack Obama-and for Alzheimer's research, the Whitney Museum of Art, and various Jewish groups. [3] It also acquired Cadillac Fairview, Canadian developer-owner of shopping centers and office buildings, for $2.6 billion. "Peter Malkin Honored at Real Estate Division Event", Leaders Magazine: "Malkins Mission - An Interview with Peter L. Malkin, Chairman, Malkin Holdings LLC and Malkin Properties", Forbes: "Value Retail's Scott Malkin and Father, Malkin Holdings' Peter Malkin: Is Entrepreneurship Inherited? Chairman, Equity Group Investments LLC Net worth: $1.0 billion Education: University of Chicago, BA and MBA. Since then Urban has acquired Los Angeles Century City Mall and Houstons Galleria. At that time the company had a $9 billion real estate portfolio. Mr. Malkin serves on the boards of Tulane University, The Michael J. Mr. Sacks sister Miriam died before him. William Wrigley Jr., 41 Joseph D. Mansueto, 49 Such success has given Griffin, an art connoisseur, more than enough riches to pay a reported $60 million for a Czanne painting in 1999. Malkin is a graduate of the University of Illinois and is a CPA. Once logged in, you can add biography in the database. Asked to remember an interesting ownership story, Bulls partner Allan Muchin recalled only a discussion about the quality of food served before games. Please enable JavaScript for an optimal experience. Net worth: $1.4 billion Migrant children have been put to work in hazardous jobs, in violation of child labor laws, according to recent news reports. Source: Self-made; real estate You know, two immigrant parents, said Michael J. Sacks, an investor in the Chicago Sun-Times. Next, take Walton Street Capital, a real estate opportunity fund Bluhm formed when JMBbottomed out in 1995. He met his future wife, Elise Gutter, on a blind date. Marvin Herb used to bottle soft drinks-lots of them. [6] In 1986, the company acquired a real estate portfolio in Century City for $600 million from Alcoa. Home: Chicago Over 600 of Chicago's most prominent art and social influencers kicked off the city's Museum of Contemporary Art 's 50th anniversary year on Saturday. Judd now resides at 900 North Michigan Av, Chgo, IL 60611. "We were told up front that investing would not constitute making decisions impacting on basketball.". [11] Who later sold Urban to a small consortium of The Rouse Company, Westfield Group, and Simon Property Group in 2002. By 1985 their share of those investments gained them a place on The Forbes 400in 1990 we estimated their net worths had ballooned to $775 million each. The colleagues of Judd Malkin. That includes the Four Seasons Hotel and the Ritz Carlton, both in Chicago, a half-interest in a Westin Hotel in Bostons Copley Place and the Four Seasons Olympic in Seattle. Giving back: Wrigley Jr. gives to Evanston Northwestern Healthcare, among other philanthropies, and is on the board of trustees at Northwestern University. Many owners have season tickets, and generally attend a significant number of games. Giving back: Business Week named Comer and his wife, Frances, the 37th most generous philanthropists in America in 2005, in part because of their $40-million gift to the University of Chicago Comer Children's Hospital, which opened early last year. Buddy Cohen, brash mortgage banker behind Lake Point Tower, East Bank Club and other landmarks, dies at 93, Billionaire developer Bluhm's favorite project, Wiesenthal Center reopens with heavy-hitting backers, Taking Names: Dept. In the past Mr. Malkin has also served as a board member of The Holocaust Educational Foundation and the Jewish Federation of Metropolitan Chicago. In Los Angeles tony Century City district JMB owns a large block of land that it may soon develop into a 38-story tower, to be dubbed Constellation Place. He became president of Pepsi-Cola Bottling in Indianapolis, and in 1981 bought the Coca-Cola Bottling Companies of Indianapolis and Chicago. Several cited as prized possessions the three championship rings won earlier this decade. ", None of the verbal pugilism was taken kindly by DeGrasse, an Italian-American who, observers said, stood his ground, muscles flexed. And yet, as Chicagoans clamor to identify with this city's most successful sports team during yet another run at the NBA championship, these passive investors truly are among a select group of 29 insiders. [5] Malkin helped to expand Wien's already substantial portfolio, which included many prominent New York City buildings including the Empire State Building (which they jointly bought in 1961 with Harry Helmsley from Henry Crown),[6] the Equitable Building, the Graybar Building, the Fisk Building, the Garment Centre Capitol Building, the Toy Center, and the Lincoln Building at One Grand Central Place. Click below to see everything we have to offer. Jack Gould is a senior vice president with the White Sox, which a Reinsdorf-led group also owns. Subscribe for free today! She runs the Chicago-based film production company Odd Lot Entertainment, which has produced and financed several films, mostly independent. As lawyers for both sides in the case of Frank J. Calabrese Sr. and seven other reputed crime syndicate figures gathered in his courtroom, he lit into prosecutors led by Assistant U.S. Atty. Greiman said the $1 million promise represented a quid pro quo agreement, compensating Jeanne Malkin for giving up her right to an immediate divorce on gounds of infidelity. Source: Self-made; media/entertainment "They think it's kind of neat to be an owner of the Bulls. Judd D. Malkin has been listed as a noteworthy diversified corporation executive by Marquis Who's Who. Prior to this, Mr. he worked in the corporate finance department of Kidder Peabody as an analyst specializing in real estate finance. Education: University of Iowa, BA. (The other 66% of the note is controlled by fellow Chicagoan Samuel Zells Equity Office Properties Trust, says Bluhm. Malkin, a real estate partner of Reinsdorf's in the early 1970s, noted that the returns have exceeded his expectations by "100 times.". The company was founded as Robert Judelson & Co. in 1968. Incredibly, there were potential partners who turned down the chance to buy stakes. [7] Malkin also helped to expand the firm's activities to Newark, Palm Beach, Philadelphia, Los Angeles, Minneapolis, and Las Vegas. These days the true benchmark for stupendous wealth comes with a few more zeroes attached. In 2005, two Chicagoans made the list for the first time: Mansueto, who joined the exclusive club at number 384, and the real-estate mogul Matthew Bucksbaum (ranked 109th), who should have been included on previous years' lists but wasn't. He was a first generation American. She runs the Chicago-based film production company Odd Lot Entertainment, which has produced and financed several films, mostly independent. Personal: Married, 2 children That leaves only a few odds and ends. Net worth: $2.3 billion The two had an. News Billionaire developer Bluhm's favorite project. Education: Stanford University, BA; Anthropology Film Center. Net worth: $1.7 billion Giving back: Bucks-baum has lately spent more time on civic activities, including serving as a trustee and chair-elect of the Aspen Music Festival and School. Chicago, IL 60601 Today her show draws about 49 million viewers each week, and her global media empire includes the world's largest online book club (with 700,000 members), magazines, and movies, on top of her talk show and its spinoff, Dr. Phil. Winfrey also encourages her viewers to give: in 1998 she created the public charity Oprah's Angel Network, which has raised more than $35 million for scholarships, schools, women's shelters, and youth centers. Judd Malkin's Phone Number and Email Last Update. [2] Judelson split from the partnership in 1973 to form Balcor Company with Jerry Reinsdorf. While many of them are longtime colleagues in the real estate industry or other local businesses, others range from lifelong friends to more distant acquaintances. In 1990, it acquired Houston Center for $400 million. Malkin, along with GEM's other co-founders, have the primary responsibility for the formulation and implementation of GEM's corporate strategy. Judd Malkin. I've become a rabid fan.". In 1977 he opened his own private investment firm; it went public in 2004 and today manages $32 billion, with large hold-ings in Amazon, Cisco Systems, and eBay, as well as in mid-cap growth stocks and convertible bonds. Home: Highland Park Bluhm is the "B" of JMB Realty Corporation, the Chicago-based real-estate powerhouse he founded in 1968 with Judd Malkin and Robert Judelson (Judelson left the company in 1973). Source: Self-made; hedge funds, investments Prior to founding GEM in 1994, Mr. Malkin was a vice president at JMB Realty Corporation, co-founded in 1968 by his father, Judd Malkin. Net worth: $1.3 billion Education: University of Buffalo, BA; University of Toledo, MBA. of Education job in D.C. will reunite first lady, close friend Sandy Matthews, With grandkids in tow, a visit to D.C. museum, Rich man on campus: Wealthiest alumni give big, LETTERS TO THE EDITOR CHECK-OUT TIME AT MAG MILE HOTELS. "It was a bit of an oversight," Fitch admits. On December 14, 2020, plaintiff Katherine L. Malkin filed this action in Santa Barbara County Superior Court against defendant Federal Insurance Company, alleging (1) breach of contract; and (2) breach of the implied covenant of good faith and fair dealing. It is hoped this petition, presented to the local council will introduce bylaws preventing fireworks in rural areas in the future[17], This article is about the American real estate investor. She promised a prompt ruling. Bluhm became chairman and Malkin was president. Founder, Lands' End Giving back: Cala-mos serves on the board of Benedictine University and the Illinois Institute of Technology and is a contributor to the Republican Party. Obituaries Buddy Cohen, brash mortgage banker behind Lake Point Tower, East Bank Club and other landmarks, dies at 93. See inline comment how to fix. CHICAGO The wife of millionaire real estate developer Judd Malkin has filed suit in Cook County Circuit Court charging Malkin with violating a contract to pay her $1 million to keep her. Bluhms most embarrassing loss: $340 million of his clients money plus $85 million of JMBs own cash disappeared when Randsworth, a London property owner acquired in 1989, was forced into bankruptcy by Citicorp in 1992. Thomas serves as a director for Royal Caribbean Cruise Lines, in which the Pritzkers hold a 16.5-percent stake with another family. They were adversaries in a contentious divorce for more than four years. [3][4], In 1984, it acquired Urban Development from Aetna for $45 million in cash and $131 million in notes. "ALP LIQUIDATING TRUST, Form 10-K, Annual Report, Filing Date Mar 30, 2001", "Amfac Gives Nod to JMB Realty's $920-Million Bid", "Urban Retail Properties has debt but still a viable real estate player", "URBAN SHOPPING CENTERS SOLD FOR $3.4 BILLION CASH", "Bankrupt Amfac plans debt-free emergence", https://en.wikipedia.org/w/index.php?title=JMB_Realty&oldid=999259298, Real estate companies established in 1968, Defunct real estate companies of the United States, Articles with unsourced statements from July 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 9 January 2021, at 07:47. [7], In 1989, it acquired Randsworth Trust P.L.C. Recently she donated $10 million for Hurricane Katrina relief. Giving back: She is the chairman of the board for the Chicago Children's Museum and also sits on the board for the Chicago Children's Theatre and the Children Affected by AIDS Foundation. Mr. Malkin, along with GEMs other co-founders, have the primary responsibility for the formulation and implementation of GEMs corporate strategy. Along with his cousins Tom and Penny, Nicholas is one of the Pritzker triumvirate that has run the family business in recent years. Judd serves on the board of the Holocaust Education Foundation as well as the Chicago Bulls and White Sox and is otherwise active in political and civic affairs. Bluhm is in a joint venture with the Pritzker familys Hyatt Development Corp. to build a casino on the Canadian side of Niagara Falls. His grandson, Matt Blumenthal is currently a Connecticut State Representative serving the 147th District of Connecticut. [11], In 2012, he was awarded the Jack D. Weiler Award by the United Jewish Appeal of New York. for Empire State Building Wins Backing of Shareholders" by Julie Creswell, New York Times: "Lawrence A. Wien, 83, Is Dead; Lawyer Gave Millions to Charity " by ALFONSO A. NARVAEZ, CNN Money: "Empire State Building IPO disappoints" by Hibah Yousuf, New York Times: "The 30-Minute Interview: Anthony E. Malkin" by VIVIAN MARINO, New York Times: "Miss Malkin Plans Bridal", New York Times: "Shelly Belfer Marries Anthony Malkin", New York Times: "S.D. "My kids like me more because I can get tickets," he cracked. Net worth: $1.7 billion Giving back: Thomas is director of the Pritzker Philanthropic Fund and is a big giver to the University of Chicago, the Art Institute, and the Chicago Council on Foreign Relations. Home: Evanston His parents, the only thing they really had to give him was love., Mr. Sacks enjoyed telling stories. Education: University of Illinois, BBA; Northwestern University, JD. Greg Abbott to halt transports of migrants to Chicago, Bears draft review: Pieces in place for Justin Fields, Willie Nelson inhales the love at his 90th birthday concert at the Hollywood Bowl. Sanford Takiff, who met Reinsdorf at Northwestern Law School in 1957, is a suburban banker. Meanwhile, Mr. Bluhm, 56, will remain JMB president but is launching a private firm called Walton. B." In that sense, they are more closely related to typical fans than to Reinsdorf. Personal: Divorced, 3 children The latest Forbes magazine list of the 400 wealthiest Americans, published in October 2005, contains 19 Chicagoans, 18 of them billionaires and a 19th-Joe Mansueto, the founder of Morningstar, the financial publisher-who's knocking on the door. The son of Greek immigrants who owned a grocery store on Chicago's West Side, Calamos was just a teenager when he invested his parents' $5,000 nest egg. President, JMB Realty Corp. In October 1969, Judelson was joined by University of Illinois roommates Neil Bluhm[1] and Judd Malkin. B. runs New World Ventures, a technology and telecommunications venture capital firm he formed in 1995, as well as a private equity fund, the Pritzker Group, with his older brother, Anthony, who lives in Los Angeles. Jeanne Malkin's attorney, Gemma Allen, called Greiman's ruling significant because 'it shows how law evolves with societal changes. [3] In 1958, he joined the law firm of his father-in-law Lawrence Wien as a partner (renamed Wien & Malkin LLP). Herb began his bottling career as a plant manager for Pepsi-Cola Company, eventually climbing to the executive ranks. They get the privilege of paying for good seats and special merchandise--"no freebies," as Ury puts it. Education: Loyola University, BA. Spectators, their mouths agape, looked on as the judge fumed loudly over what he regarded as pejorative language in the indictment. They met on a blind date and he just adored her, said their son, Michael J. Sacks. And without attracting much attention, Bluhm raised $900 million, tossed in another $100 million of his own and bought properties like the 1.1 million square feet of offices and 907 hotel rooms at the Houston Galleria, and a 210-room Four Seasons resort and adjoining 40-acre gated community under development in Scottsdale, Ariz. She is chairman of Classic Residence by Hyatt, which provides luxury housing for seniors, and last year was named chairman of TransUnion, a credit reporting company spun off from the Marmon Group. The Malkins say they haven't received an accurate accounting of the fees and expenses, so they've gone to court asking for some money back. President and CEO, Tawani Enterprises, Inc. Home: Chicago Of one who deemed it a bad investment, Malkin said: "Every time he sees me, he turns green.". Education Bachelor of Science, University Illinois, 1959. Aside from quarterly board meetings to discuss some business matters, partners have only a little input on team issues and no input on basketball questions. Judd Malkin was to pay $1,550,000 of those fees, and Malkin was to pay the balance. But he told his sons he found adventure traveling through the Jewish, Irish, Italian and Polish enclaves around Garfield Park on the West Side. Picture this: After securing a binding arbitration award of $6.64 million for their client, National Education Training Group Inc., attorneys Francis "Jack" McConnell, Michael S. Mendelson and Betsy J. Caprini have moved to freeze assets of defendant James Martin, a leading guru in the field of information and technology training. Also executive vice president Amfac Inc. subsidiary JMB realty corporation. Bluhm owns valuable homes and has an art collection. [1] In 1997, Urban sold Copley Place for $300 million.[10]. Jean "Gigi" Pritzker Pucker, 43 A. Malkin's Section 2-1401 Petition. In the Sports industry, Judd Malkin has 10,902 colleagues in 649 companies located in 26 countries. Judd D. Malkin, diversified corporation executive. Sam Zell, another real estate mogul, recently tried and failed to buy Rockefeller Center in New York City. 'He was trying to emphasize for all that if in fact Judd left Jeanne, whether she loved him is no longer an issue because he forclosed her performance.'. Net worth: $1.6 billion Wrigley's great-grandfather peddled soap and baking soda in the 1890s, giving out sticks of chewing gum to customers to spur sales. ''I was the J of JMB, and the reason that my initial was first was. Tony Malkin organised an exclusive party with a reported $10,000 fireworks show on New Years Eve 2022. Chairman, Harpo Inc. It was love at first sight, Michael J. Sacks said. Opinions expressed by Forbes Contributors are their own. National Education's lawyers argued the award could be lost unless the assets are frozen. In her section 2-1401 petition, filed on March 23, 1995, Malkin sought to vacate the portion of the judgment relating to attorney fees [301 Ill.App.3d 306] and costs. Pritzker retired in 2001 from the Illinois National Guard with the rank of lieutenant colonel and now runs the Pritzker Military Library and Tawani Enterprises, a private investment company he established in 1994. For the 19 Chicagoans who made the list, we wanted to know a little more. He and partner Judd Malkin ran JMB Realty, managing $26 billion in office buildings, shopping malls, apartments and hotels. Material Service is a wholly owned subsidiary of General Dynamics Corporation (the result of a 1959 merger), and the Crown family still retains a big stake in that company, as well as in Maytag and Hilton Hotels, along with smaller holdings in the New York Yankees and the Chicago Bulls. The Wm. Home: Lake Forest Barry Malkin joined the Board of Directors of The Michael J. Judd D. Malkin. Giving back: Zell has donated millions to the University of Michigan and the University of Pennsylvania's Wharton School. Along with his former fraternity brother Robert Lurie (who died in 1990), Zell built his empire in the late 1960s and early 1970s by snatching up cheap real estate-in places like Toledo, Tampa, and Reno-and taking over struggling companies. [10] Malkin is the founder of Merritt Parkway Conservancy, Greenwich Tree Conservancy and Greenwich Green & Clean, all non-profit organizations based in Connecticut. He also runs Hyatt Equities, an affiliate that operates more than 30 hotels in the Hyatt chain, and is vice chairman of Hyatt International, which oversees the family's international properties. They have two children. Personal: Married, 2 children 'She's entitled to go to the next step in the lawsuit, to try to prove various allegations. Malkin, wife of real estate mogul Judd Malkin, is suing her husband for breach of contract, accusing him of reneging on a promise to pay her $1 million if she would love him and live with him in their residence along Chicago's posh Magnificent Mile. Bucksbaum's son John now oversees the day-to-day operations of an empire that includes Water Tower Place in Chicago along with more than 200 other regional shopping malls in 44 states. But Tom's leadership quickly came under fire by feuding members of the family, and in 2001 the Pritzkers secretly agreed to a ten-year plan to break up the family fortune and sell off many of their huge holdings, including the 60 companies in the Marmon Group (a $6-billion manufacturing conglomerate) and the Hyatt hotel chain (roughly 211 hotels worldwide).