The U.S. Senate on 25 June 2013 confirmed billionaire Penny Pritzker as the new Secretary of Commerce.

This position, which is crucial for international free-trade negotiations, was difficult to fill.

Penny Pritzker is one of the heirs to the luxury Hyatt Hotels corporation. Her family is one of the richest in the United States with an estimated $ 20 billion fortune.

After John Kerry and Joe Biden, Penny Pritzker is the third billionaire cabinet member of Obama’s administration.