Howard William Lutnick is a billionaire businessman who is also the Chairman and CEO of Cantor Fitzgerald and BCG Partners. Howard took over as CEO of Cantor Fitzgerald from Bernard Gerald Cantor.
Howard is well-known for his charitable contributions through the Cantor Fitzgerald Relief Fund, which assists families affected by natural disasters and terrorist attacks. This was due to the company’s loss in an attack that resulted in the loss of 658 employees, one of whom was his brother.
|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.|
|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|
Howard Lutnick Biography
Howard Lutnick was born to Solomon and Jane Lutnick, both history professors at Queens College. He was the middle child in a family of three, with an older sister named Edie and a younger brother named Gary.
Howard lost both of his parents at a young age; his mother died of lymphoma in 1978, when he was a senior in high school, and his father died of colon and lung cancer the following year. He attended Haverford College in Haverford on a full scholarship provided by the dean and graduated in 1983 with a degree in Economics.
Howard Lutnick Age, Height, Weight
Howard Lutnick was born on July 14, 1961, and will be 61 years old as of October 2023. His height is 1.76 meters and his weight is 76 kilograms.
Howard Lutnick began his career at Cantor Fitzgerald in 1983, shortly after graduating from college. While working at the firm, he became close to the firm’s founder, Bernard Cantor, who also served as his personal mentor.
He was appointed CEO and President of the company in 1991, and chairman in 1996. Lutnick made a big decision when he took eSpeed public. At the time, eSpeed was a subsidiary of Cantor Fitzgerald. This is what allowed the company to survive after nearly three-quarters of its brokers were killed in the attack. Because eSpeed was an electronic trading subsidiary, it was fortunate that it did not require brokers to trade publicly.
When the company was split into two separate entities, each with different operations, Lutnick became the head of the London Office. Cantor continued to manage bond trading desks as well as large stock trades. BGC, the newly formed company, would engage in broker-driven trading. Cantor had to borrow $400 million to fund the growth of the newly formed company because the two companies operated independently. Lutnick oversaw the merger of BGC Partners and eSpeed in 2008, which was valued at $1.3 billion.
Howard Lutnick’s Net Worth in 2023
Howard Lutnick’s net worth is estimated to be around $2 billion as of August 2023. Howard Lutnick amassed his fortune while working at Cantor Fitzgerald, where he began his long career immediately after college. He rose through the ranks of the company until he became CEO and Chairman, succeeding the founder Bernard Gerald Cantor.
Howard Lutnick’s success story is quite inspiring, despite having a difficult childhood in which he lost his parents at a young age and had to fend for himself and his siblings. He did not let this determine his fate. He worked hard and is now one of the world’s billionaires; he hasn’t let any setback bring him down; he even lost his brother in an attack at his workplace, but this inspired him to become charitable and assist victims of attacks. His net worth is increasing by the day, and he may be richer than he is today in the future; the sky is the limit for him.
Howard Lutnick Wife, Marriage
Lutnick married Allison Lambert on December 10, 1994, and the couple has four children. His two sons, Brandon and Kyle, started preschool and kindergarten on the same day, September 11, 2001, the day of the attack that killed 658 of his company’s employees. He arrived late for work that day because he had to drop his son off at kindergarten.