Howard Lutnick Wiki/Biography
Howard Lutnick serves as the chairman and chief executive officer of Cantor Fitzgerald and BCG Partners. Howard Lutnick, Bernard Gerald Cantor was replaced as CEO of Cantor Fitzgerald by Howard.
He was born on 14 July 1961, his age is 61 years as of 2023.
Through the Cantor Fitzgerald Relief Fund, which aids families impacted by terrorism and natural disasters, Howard is well known for his charity donations. This happened as a result of the business suffering losses from an attack that claimed the lives of 658 employees, including his brother.
Solomon and Jane Lutnick, both history teachers at Queens College, were the parents of Howard Lutnick. He was the middle child of three; his siblings were Gary, his younger brother, and Edie, his older sister.
Howard experienced the early loss of both of his parents; his mother passed away from lymphoma in 1978 when he was a high school senior, and his father passed away from colon and lung cancer the following year. He received a full scholarship from the dean to attend Haverford College in Haverford, where he earned a degree in economics in 1983.
What is the net worth of Howard Lutnick?
As of 2023, Howard Lutnick’s net worth is anticipated to reach about $2 billion. Howard Lutnick started his lengthy career with Cantor Fitzgerald right out of college, where he eventually accumulated his wealth. He worked his way up the corporate ladder until he succeeded business founder Bernard Gerald Cantor as CEO and Chairman.
Despite having a tough life in which he lost his parents at an early age and had to care for himself and his brothers, Howard Lutnick’s success story is rather encouraging. He refused to let this decide his fate. He put in a lot of effort to become one of the world’s billionaires; he hasn’t let any setbacks get in the way of his success. He even lost his brother in an attack at his place of employment, but this motivated him to start helping attack victims. The sky is the limit for him; his net worth is rising daily, and one day he might be much richer than he is now.
Quick facts about Howard Lutnick
|Celebrated Name:||Howard Lutnick|
|Real Name/Full Name:||Howard William Lutnick|
|Age:||61 years old|
|Birth Date:||14 July 1961|
|Birth Place:||Jericho, Long Island, New York, U.S.|
|Height:||5 feet 7 inches|
|Wife/Spouse (Name):||Allison Lambert (m. 1994)|
|Children/Kids (Son and Daughter):||Yes (Brandon Lutnick, Kyle Lutnick, Ryan Lutnick, Casey Lutnick)|
|Is Howard Lutnick Gay?:||No|
|Profession:||Chairman & CEO of Cantor Fitzgerald, Chairman & CEO of BGC Partners|
|Net Worth in 2023:||$2 billion|
Soon after receiving his college diploma in 1983, Howard Lutnick started working for Cantor Fitzgerald. He grew close to Bernard Cantor, the company’s founder, who also acted as his mentor when he was employed there.
In 1991, he was named the company’s CEO, president, and chairman. When he made the eSpeed public, Lutnick made a significant choice. eSpeed was a Cantor Fitzgerald subsidiary at the time. This is what allowed the business to exist after the attack killed over three-quarters of its brokers. It was fortunate that eSpeed, an electronic trading subsidiary, did not mandate that brokers trade publicly.
Lutnick became leader of the London Office once the corporation was divided into two distinct companies, each with its own set of operations. Cantor continues to oversee both major stock deals and bond trading departments. The newly established business, BGC, would partake in broker-driven trading. Because the two businesses were independent, Cantor was forced to take out a $400 million loan to support the expansion of the newly created business. 2008 witnessed the $1.3 billion merger of BGC Partners and eSpeed, which Lutnick handled.
Family, Wife, Relationship
Allison Lambert and Lutnick were married on December 10th, 1994, and they have 4 kids together. On September 11, 2001, the day of the attack that left 658 of his company’s employees dead, his two boys, Brandon and Kyle, began preschool and kindergarten respectively. He had to drop his son off at kindergarten, therefore he was late for work that day.
Physical Appearance (Height, Weight)
He is 76 kg in weight and 5 feet 7 inches tall.