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Invent, Reinvent, Thrive: The Keys to Success for Any Start-Up, Entrepreneur, or Family Business by Lloyd Shefsky

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12

Differences Between Leading the Family Business and Leading the Family

THE PRITZKER FAMILY OWNS THE HYATT HOTELS; NUMEROUS businesses owned through the family’s holding company, Marmon; and untold other real estate and business interests. Their wealth has been substantial for decades. Not so many years ago, one could calculate the wealth of the Pritzkers by examining a single unit, the Pritzker family itself. Now one needs to calculate the net worth of at least 11 members of this remarkably affluent family. Each a billionaire, their aggregate wealth today tallies in excess of approximately $25 billion.

That need to tally resulted from both the transition down from the third to the fourth generation, as well as the impact of recent family disagreements. ...

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