Nicholas Pritzker II is the Chairman and CEO of the Hyatt Development Corporation who has an estimated net worth of $1.1 billion as of March 2013. According to Forbes, he is the 408th richest person in the United States and 1268th in the world.

Nicholas J. Pritzker has built his estimated net worth of $1.1 billion through his investments and hotel business. He is a graduate of Lake Forest College with a Bachelor of Arts & Science degree. He has also earned a bachelor’s degree from Reed College in 1967. He holds a Doctor of Law degree from the University of Chicago.

Mr. Pritzker is the nephew of A.N. Pritzker (1986) who created the industrial conglomerate Marmon Holdings and the Hyatt Hotel along with his sons, Jay (1999) and Robert (2011). In 2007, the Pritzker family sold Marmon to Warren Buffett’s Berkshire Hathaway. For the past decade, the extended Pritzker family has also been selling assets that it owns jointly.

Also referred to as Nick, he has been the head of Hyatt’s new hotel management efforts for several years already. He retired from the family business in 2009. He then teamed up with Reed Hastings, the CEO of Netflix, and former billionaire Chuck Feeney in order to bring an end to the death penalty in California during the 2012 election. He and Feeney both spent $1 million at the repeal but the voters chose to keep the controversial law.