As one of the most talked-about figures, Howard Lutnick has built a significant fortune. Our team analyzed the latest data to provide a clear picture of their income.
What is Howard Lutnick's Net Worth and Salary?
The president and dean of Haverford College, an institution that prides itself on its Quaker heritage, called Lutnick a week after his father's death. His condolence call came with an added surprise – the college was giving him a full scholarship so that he could complete his bachelor's degree. Lutnick graduated from Haverford in 1983 with a degree in economics.
Now orphans, Lutnick and his siblings were abandoned by their extended family members. The siblings turned to each other for support. Howard was forced to hire an attorney to settle the debt his father left behind.
Howard Lutnick was born on July 14, 1961, in Jericho, Long Island, New York. He and his two siblings grew up with their parents, Solomon and Jane. Solomon Lutnick was a history professor at Queens College, and Jane Lutnick was an artist. Howard is the middle child. His sister Edie is the oldest, and his brother Gary was the youngest. When Lutnick was a senior in high school in 1978, his mother lost her battle with lymphoma. The following year, Lutnick was a freshman at Pennsylvania's Haverford College when his father died while undergoing treatment for lung and colon cancer. It was an accidental death unrelated to the cancer. A nurse gave Solomon Lutnick 100 times the dose of chemotherapy drugs that he was prescribed.
Howard Lutnick earned his fortune thanks to his 60% stake in the financial services company Cantor Fitzgerald. Lutnick joined Cantor in 1983. It was his first job out of college. He was named President and CEO in 1991. Over the decades, he has slowly acquired more of the firm's equity. In the early 2000s, he owned around 25% of the firm's equity. Today, he is the sole stockholder of Cantor Fitzgerald Group Management, which gives him sole voting control over the firm, but his economic equity stake in the company is believed to be 60%.
Howard andLinda McMahonare the co-chairs ofDonald Trump's2024 presidential transition team. Howard had been floated as potentially being selected to serve as Trump's Treasury Secretary. He was ultimately selected to be Trump's Commerce Secretary. He was confirmed and sworn in in February 2025.
According to a financial disclosure released in January 2025, Howard holds executive positions in more than 800 firms and earned $300 million in compensation in just the previous years.
Howard was CEO of Cantor Fitzgerald on September 11, 2001, when two planes struck the World Trade Center. Cantor Fitzgerald's business headquarters were located on floors 101-105 of One World Trade Center. The plane that struck that tower crashed into the building between floors 93 and 99 – just below his company's offices – trapping everyone above and condemning them to death. Lutnick's brother, Gary, and his best friend, Douglas Gardner, were among the658Cantor employees who died that day. Lutnick would usually be in the office long before 9 am. But, as fate would have it, September 11, 2001, was his son Kyle's first day of kindergarten, and he wanted to take him to school. That fatherly act saved his life. As the sun set on September 11, 2001, Lutnick and his sister Edie were the sole surviving members of their immediate family. Lutnick's philanthropic efforts since that tragic day have been nothing short of extraordinary. In the nearly 14 years since September 11, 2001, Lutnick's giving has grown impressively. His firm donates the profits made each September 11 to the families of the victims of the World Trade Center attacks. To date, this giving alone totals more than $100 million.
Howard Lutnick is an American businessman who has a net worth of $2 billion.
Ultimately, Howard Lutnick's financial journey is a testament to their success.
Disclaimer: All net worth figures are estimates based on public data.
