Howard Lutnick Net Worth is$45 Million
Howard Lutnick Salary is$6 Million
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Howard Lutnick is an American businessman and CEO of Cantor Fitzgerald who has a net worth of $45 million. Lutnick is most famous for being the CEO of Cantor Fitzgerald on 9/11/2011. 658 Cantor employees died during the terrorist attacks. Lutnick's own brother was one of the victims. Cantor has spent over $180 million of it's own money since the attack providing for the families of the victims they have also raised over $65 million for various other 9/11 charities. Howard Lutnick's annual salary is $6 million, but he also receives generous stock grants each year.
Cantor Fitzgerald L.P. is a global financial services firm specializing in bond trading.
The firm is one of twenty primary dealers who trade U.S. government securities directly with the Federal Reserve Bank of New York, and is also involved in investment banking, asset management, market data, and brokerage services.
Now headquartered in Midtown Manhattan, New York City, it was formerly based in the World Trade Center-and was the company hardest hit by the September 11, 2001 attacks, losing more than two thirds of the employees based there.
Cantor Fitzgerald's corporate headquarters and New York City office, on the 101st-105th floors of One World Trade Center in Lower Manhattan (2-6 floors above the impact zone of a hijacked airliner), were destroyed during the September 11, 2001 attacks. Cantor Fitzgerald lost 658 employees (all of the employees in the office at the time of the attacks), or about two-thirds of its workforce, considerably more than any other of the World Trade Center tenants or the New York City Police Department and New York City Fire Department. The company was able to bring its trading markets back online within a week, and CEO and chairman Howard Lutnick, whose brother was among those killed, vowed to keep the company alive.
On September 19, Cantor Fitzgerald made a pledge to distribute 25 percent of the firm's profits for the next five years, and committed to paying for ten years of health care, for the benefit of the families of its 658 former Cantor Fitzgerald, eSpeed, and TradeSpark employees (profits which would otherwise have been distributed to the Cantor Fitzgerald partners). In 2006, the company completed its promise, having paid a total of $180 million (and an additional $17 million from a relief fund run by Lutnick's sister, Edie).
Before the attacks, Cantor handled about one-quarter of the daily transactions in the multi-trillion dollar treasury security market. Cantor has since rebuilt its infrastructure, thanks in pa

Howard Lutnick Latest News

Howard Lutnick aims for electronic Treasury trading comeback

Howard Lutnick has set his sights on reclaiming a prime cut of US Treasury bond trading and challenging the dominance of rival Michael Spencer’s Nex Group. The hard-charging 55-year-old chief executive of Cantor Fitzgerald and affiliate BGC Partners, who ...
Posted: August 8, 2017, 8:44 pm

Howard Lutnick bought the Pierre penthouse for $80M under ask

It looks like BGC Partners head honcho Howard Lutnick is the mystery buyer behind of the massive triplex at the Pierre Hotel. As The Real Deal first reported Tuesday, a buyer paid $44 million through an LLC to acquire the 12,000-square-foot penthouse at ...
Posted: August 3, 2017, 6:46 am

Whiff of Reality at Crazy Super High-End Housing Market?

BS asking prices meet the ax. No, Cantor Fitzgerald CEO Howard Lutnick didn’t “save” $81 million when he bought the most expensive listing in New York City, the 12,000-square-foot, 16-room triplex penthouse on the 41st, 42nd, and 43rd floors of The ...
Posted: August 7, 2017, 1:00 am

Cantor Fitzgerald CEO who lost 658 employees in 9/11 scoops NYC penthouse for $44m after price was more than halved

Howard Lutnick is the newest resident of the iconic Pierre hotel after scoring the triplex apartment that was originally priced at a staggering $125million. The 56-year-old businessman recently plucked up the 795 Fifth Avenue address overlooking Central ...
Posted: August 2, 2017, 7:54 pm

A decade on from the credit crunch that led to a global financial crisis, we still need to confront 'too big to fail'

The quotations can still be found on Reuters, which also cited Cantor Fitzgerald boss Howard Lutnick describing the market’s movements that day as “an overreaction”. Hindsight is a wonderful thing, of course, and even now economists are not united in ...
Posted: August 10, 2017, 8:40 am
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