http://www.bloomberg.com/news/2013-05-15/obama-s-commerce-pick-gets-54-million-from-bahama-trust.html
U.S. Commerce Secretary nominee Penny Pritzker received $54 million last year from an offshore trust in the Bahamas, according to a disclosure report that describes an empire of casinos, hotels, energy companies and family trusts that may be worth more than $2 billion.
Pritzker, whose family founded Hyatt Hotels Corp (H)., has assets valued in a range of $400 million to $2.2 billion, not including holdings in the hotel company, according to documents released yesterday by the U.S. Office of Government Ethics.
She listed her Hyatt holdings as worth more than $50 million in the form, which only requires values in broad ranges. Her shares are worth $409 million, based on proxy disclosures and yesterday’s closing price of $40.78. Pritzker’s net worth is more than $1.5 billion in the Bloomberg Billionaires Index.
Pritzker, 54, would be among the wealthiest cabinet secretaries in U.S. history, ranking with industrialist Andrew Mellon, who served as Treasury secretary during the 1920s. Her financial disclosure forms provide a detailed look at the holdings of the most public figure in a very private family dynasty.
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