Background and career
Jay Robert Pritzker (born January 19, 1965) is an American politician, philanthropist, and businessman serving since 2019 as the 43rd governor of Illinois. He is a member of the Democratic Party. The Pritzker family owns the Hyatt hotel chain, and JB Pritzker helped create several Chicago-based venture capital and investment startups. He was also active in politics decades before serving in elected office. After an unsuccessful 1998 bid for Illinois's 9th congressional district, Pritzker became a major financial supporter of candidates and served as a national co-chair of Hillary Clinton's 2008 presidential campaign. According to Forbes, as of August 2025, his estimated net worth is $3.9 billion. This makes him the second-wealthiest U.S. elected official, behind President Donald Trump. Pritzker won a crowded Democratic primary for governor of Illinois in the 2018 election and defeated Republican incumbent Bruce Rauner in the general election. He was reelected in 2022, defeating Darren Bailey. A progressive Democrat, he has legalized recreational cannabis, raised the minimum wage, expanded abortion access, and unsuccessfully sought to implement income tax reforms. During his second term, Pritzker has become a prominent critic of the second Trump administration.
Pritzker was born in Palo Alto, California, on January 19, 1965. He is the son of Donald Pritzker and Sue Pritzker (née Sandel). Pritzker is named after his paternal uncles, Jay Pritzker and Robert Pritzker, and is known by his initials ("JB" for "Jay Bob"). He has two older siblings: Anthony and Penny, the latter of whom served as the United States Secretary of Commerce under Barack Obama. Pritzker is a member of the Pritzker family, a Jewish family of Ukrainian descent that was prominent in business and philanthropy during the late 20th century. The Pritzkers have consistently ranked near the top of the Forbes "America's Richest Families" list since its inception in 1982. Pritzker was raised in Atherton, California. His father, Donald, was the president of Hyatt, a hotel chain owned by the Pritzker family. Donald was credited with growing Hyatt into the nation's fifth-largest hotel chain at the time of his death. Pritzker's parents were also active in Democratic politics in California. Pritzker later credited this exposure with spurring his own interest in politics. In 1972, Donald Pritzker died of a heart attack at age 39. After his father died, Pritzker's mother struggled with alcoholism and depression. As a result, at age 12, Pritzker moved to Chicago to live with his aunt and uncle, Jay and Cindy Pritzker. He graduated from Milton Academy, a boarding school in Massachusetts, and attended Georgetown University before transferring to Duke University, from which he graduated with a Bachelor of Arts in political science. He returned to Chicago and earned his Juris Doctor from the Northwestern University School of Law in 1993.
Pritzker co-founded Pritzker Group Private Capital with his brother Anthony Pritzker, serving as managing partner before stepping down in 2017 to run for governor. Anthony Pritzker reported that the Pritzker Group generated a return of 28.7% from 2007 to 2012, focusing on investing in family businesses and other entrepreneurial enterprises. In 2008, he received the Chicagoland Chamber of Commerce's Entrepreneurial Champion Award for his efforts to promote economic development and job creation. Pritzker served as chairman of ChicagoNEXT, then-Chicago Mayor Rahm Emanuel's Council on Innovation and Technology, and founded 1871, a nonprofit digital startup incubator, which, as of February 2025, had created 15,000 jobs and raised $4 billion in venture capital, according to a memo by its CEO, Betsy Ziegler. He was involved in the creation of the Illinois Venture Capital Association and the Chicagoland Entrepreneurial Center. He also co-founded Chicago Ventures and funded the startups Techstars Chicago and Built in Chicago. Pritzker is a member of the Illinois State Bar Association and the Chicago Bar Association. He has also been active in philanthropy. The J.B. and M.K. Pritzker Family Foundation, founded in 2001, has given millions of dollars to numerous causes, particularly early-childhood education. Most notably, in 2015, the foundation gave $100 million to the Northwestern Law School, which was renamed the Pritzker Law School.
Pritzker first became involved in politics while an undergraduate student at Duke University, volunteering for Terry Sanford's 1986 campaign for the U.S. Senate. After graduating from Duke in 1987, Pritzker moved to Washington, D.C., to work on Capitol Hill. He served on the legislative staffs of Congressman Tom Lantos of California and Senator Alan J. Dixon of Illinois, focusing on trade and transportation issues. After his career as a staffer, Pritzker founded Democratic Leadership for the 21st Century, a national organization dedicated to attracting voters under 40 to the Democratic Party, in 1991. Anticipating that Sidney Yates, the longtime Democratic incumbent in Illinois's 9th congressional district, might retire instead of seeking reelection, Pritzker laid the groundwork for possible 1994 and 1996 campaigns for his seat. Each time, there was public speculation about whether Yates would retire, but he ultimately ran for reelection. Each time, after Yates announced his intention to run, Pritzker abandoned his plans to run. Pritzker established a campaign committee in 1993. By the end of the 1996 cycle, the committee had raised more than $120,000 and spent most of this money on operating expenditures.
In 1998, Yates opted to forgo reelection, and Pritzker ran in the Democratic primary to succeed him, reconstituting his campaign committee in April 1997. Also running in the primary were state representative Jan Schakowsky and state senator Howard W. Carroll. The district covered the northern lakefront of Chicago, as well as the suburbs of Evanston and Skokie. It had a large Jewish electorate and had long been regarded as the "Jewish seat" in Illinois's congressional delegation. Yates was Jewish, as were all three Democratic contenders to succeed him. The district had been described as being among the most liberal in the country. Journalist James Ylisela Jr. observed that Pritzker, Schakowsky, and Carroll largely all ran on platforms aligned with the "liberal Democratic Party agenda" that Yates had championed. But the Chicago Tribune wrote that Pritzker and Carroll ran on more moderate platforms than Schakowsky, and therefore potentially wound up competing with each other for many of the same voters. At the time, the election was one of the most expensive congressional primaries in U.S. history, and Pritzker spent nearly $1 million of his own money on his campaign. This included $500,000 on television ads in the Chicago market. He finished third among five candidates in the Democratic primary, with 20.5% of the vote to Schakowsky's 45.1% and Carroll's 34.4%. Schakowsky went on to represent the district for 28 years, retiring after the 2026 election.
After running for Congress in 1998, Pritzker transitioned away from electoral politics, becoming a significant donor to Democratic candidates. In this role he first met former First Lady and then-U.S. Senator Hillary Clinton, hosting a fundraiser at his Chicago home for her 2006 reelection campaign. When Clinton ran for president in 2008, she named Pritzker a national co-chair of her campaign. After Clinton withdrew from the race, he supported the party's nominee, Barack Obama, helping merge the Clinton and Obama campaigns in Illinois. While Pritzker had no official role in Clinton's 2016 presidential campaign, he was one of her largest donors, giving more than $17.5 million to her super PAC and campaign combined. Pritzker and his wife were also in attendance at Clinton's watch party in the Javits Center when she conceded the 2016 election to Donald Trump.
