Howard Lutnick
Overview
- Source of Wealth
- Finance
- Industry
- Finance & Investments
- Residence
- Washington, District of Columbia
Assets
- BGC Group, Inc. Class A84,330,719 shares @ --BGC-US
- Newmark Grubb Knight Frank (Commericial Real Estate Company)35,746,988 shares @ --NMRK-US
Biography
Donald Trump tapped Howard Lutnick to co-chair his transition team, then named him America's 41st secretary of commerce.
Lutnick lost both parents as a teenager, leaving him and his two siblings to take care of each other.
After graduating from Haverford College, he got a job at the Wall Street firm of Cantor Fitzgerald, where he became a favorite of founder Bernie Cantor and eventually took control of the firm.
The September 11, 2001 attack on the World Trade Center killed 658 of Cantor Fitzgerald's 960 New York employees, including Lutnick's younger brother, Gary.
Thanks to an electronic trading business and savvy dealmaking, Lutnick rebuilt his empire, which employed more than 14,000 people by the time he joined the Trump administration in 2025.
About
Lutnick's rise to power at Cantor Fitzgerald sparked a fight with the family of his mentor, Bernie Cantor, whose widow barred Lutnick from her husband's cemetery.
Lutnick lived in a Trump Palace penthouse before purchasing a townhouse next door to Jeffrey Epstein, with whom a Lutnick spokesperson says he had no association.