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Richest Cabinet Secretary in History?

05 May 2013

Richest Cabinet Secretary in History?

President Obama nominated longtime fundraiser and hotel magnate Penny Pritzker as commerce secretary. If confirmed, Pritzker, the daughter of the co-founder of the Hyatt hotel chain and a successful investor in her own right, would become the richest secretary in Obama’s Cabinet and potentially the richest Cabinet secretary in U.S. history. She has a net worth of $1.85 billion, according to Forbes magazine, making her the 277th wealthiest person on the Forbes 400 list. NO LOVE LOST From BuzzFeed, “Commerce Sec.-designate Penny Pritzker’s appointment imports a Chicago rivalry to DC … between Pritzker and WH senior adviser Valerie Jarrett, who “tried to torpedo the appointment.” DIVERSITY The president promised more diversity and it came: women at Commerce, EPA and Interior; an Hispanic at Labor; and an African-American at Transportation.

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