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Breaking Down the Forbes 400 to Find the Richest People in Travel

  • Skift Take
    Investing in travel isn’t such a gamble after all, except if you’re referring to gaming — which appears to be a sure bet when it comes to wealth creation.

    Jack Taylor, the elderly founder of Enterprise Rent A Car, is the richest travel investor in the U.S. with a net worth of $11.4 billion, according to the just-released Forbes list of the 400 “Richest People in America,” but when it comes to bragging rights, it’s all about the Pritzker family of Hyatt fame.

    We’ve identified 30 people among the 400 (see the table below) who are involved in travel, including Liberty Media chairman John Malone ($6.7 billion) who owned a chunk of Expedia and TripAdvisor and now is a member of the Expedia board, Carnival chairman Micky Arison ($5.9 billion), and Marriott chairman Bill Marriott Jr. ($1.95 billion).

    The family most widely represented on the list of the richest travel investors is the Pritzker family, with 10 members occupying spots. The Pritzkers beat out the Fertitta family (restaurants, casinos, Ultimate Fighting Championship), who merely have a trio (Tillman, Frank III and Lorenzo) on the list.

    In the race within the race, Thomas Pritzker ($2.7 billion), chairman of The Pritzker Organization, is the richest Pritzker on the list, and Nicholas Pritzker III ($1.3 billion) is the poorest Pritzker to make the Forbes’ Richest list.

    But let’s not forget Penny Pritzker ($2.2 billion), the second richest Pritzker on the list, who also happens to be U.S. Secretary of Commerce. Penny Pritzker was edged out by Thomas Pritzker in the richest Pritzker sweepstakes by a mere $500 million.

    Overall, judging from the list, casinos, hotels and restaurants appear to be very fruitful investment targets in the travel industry.

    But, don’t tell that to Steven Udvar-Hazy ($3.4 billion), the CEO of Air Lease Corp., who made his mark in aircraft leasing, which is obviously a nice way to bring home an honest paycheck.

    Here’s the travel-oriented investors represented on The Forbes 400:

    The Richest Travel Investors in America

    Forbes 400 Richest Ranking Name Source Net Worth
    36 Jack Taylor and Family Enterprise Rent A Car $11.4 billion
    61 John Malone Cable TV, Expedia $6.7 billion
    61 Elon Musk Tesla Motors $6.7 billion
    70 Micky Arison Carnival $5.9 billion
    118 Barbara Carlson Gage hotels, restaurants $3.9 billion
    118 Kirk Kerkorian casinos, investments $3.9 billion
    118 Marilyn Carlson Nelson hotels, restaurants $3.9 billion
    143 Martha Ingram and Family book distribution, transportation $3.4 billion
    143 Steven Udvar-Hazy aircraft leasing $3.4 billion
    151 Karen Pritzker hotels, investments $3.3 billion
    166 Anthony Pritzker hotels, investments $3 billion
    166 Jay Robert (J.B.) Pritzker hotels, investments $3 billion
    184 Steve Wynn casinos, hotels $2.9 billion
    201 Thomas Pritzker hotels, investments $2.7 billion
    222 Phillip Ruffin casinos, real estate $2.5 billion
    235 Tillman Fertitta restaurants, casinos $2.4 billion
    252 Penny Pritzker hotels, investments $2.2 billion
    260 Barry Diller online media (Expedia) $2.1 billion
    260 Jean (Gigi) Pritzker hotels, investments $2.1 billion
    273 Richard Marriott hotels $2 billion
    293 Daniel Pritzker hotels, investments $1.95 billion
    296 Bill Marriott Jr. hotels $1.95 billion
    296 Dean White billboards, hotels $1.95 billion
    296 Elaine Wynn casinos, hotels $1.9 billion
    314 Linda Pritzker hotels, investments $1.8 billion
    327 Jennifer Pritzker hotels, investments $1.7 billion
    352 Manuel Maroun and Family transportation $1.5 billion
    382 Nicholas Pritzker II hotels, investments $1.35 billions
    386 Frank Fertitta III casinos, Ultimate Fighting Championship $1.3 billion
    386 Lorenzo Fertitta casinos, Ultimate Fighting Championship $1.3 billion
     Source: Forbes
    Photo Credit: Penny Pritzker, part of the Hyatt family that's on the list, testifies before a Senate Commerce, Science and Transportation Committee in Washington. Yuri Gripas / Reuters
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