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Illinois Governor JB Pritzker and his wife MK Pritzker reported adjusted gross income of around $ 5.1 million in 2020, according to parts of his tax returns released by the billionaire Democratic campaign.
About $ 2.2 million of this income was taxable, and the Pritzkers paid $ 529,104 in federal taxes on personal income and $ 230,643 to the state. They made $ 2.8 million in charitable donations, the campaign said in an email.
The documents – the front pages of his federal and state tax returns – are only part of Pritzker’s wealth. The heir to the Hyatt hotel fortune and former partner in a private equity firm is estimated by Forbes to have a net worth of $ 3.6 billion.
The couple’s income in 2020 was more than double what they said in 2019 and the highest since before Pritzker was elected governor, the Chicago Tribune reported. The Pritzkers reported taxable income of $ 55 million in 2017, when he left the private equity firm he ran with his brother. Pritzker was elected governor the following year.
The Pritzker campaign has refused to release tax documents related to the trusts where much of the governor’s wealth is held.
Pritzker, who is running for re-election in 2022, invested $ 35 million in his campaign fund earlier this year.
