Penny Pritzker Set To Be Obama’s Secretary of Commerce

CNN, quoting "multiple sources," is reporting this evening that Penny Pritzker is the top choice of president-elect Barack Obama to become his Secretary of Commerce.The 49-year-old billionaire was national finance chair of Obama's record-breaking presidential campaign that raised in the neighborhood of $640 million.CNN also reported that Obama would select Arizona Gov. Janet Napolitano to head the Department of Homeland Security.

She is an heir of the Pritzker family of Chicago that founded the Hyatt chain of hotels. Her brother, Jay Robert (J.B.) Pritzker, was a national finance chair for Obama's New York rival, Sen. Hillary Clinton, and is listed among the top 150 richest Americans.Penny Pritzker is currently chairwoman of Classic Residence by Hyatt and is listed as among the wealthiest 140 Americans with an estimated fortune of nearly $3 billion.