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

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Howard Lutnick Latest News

Cantor Fitzgerald CEO Howard Lutnick Pays $22.75 Million for Florida Condo

Howard Lutnick has a new getaway beachfront home in Miami Beach. The chairman and chief executive officer of the financial services firm Cantor Fitzgerald, Howard Lutnick, has a new home. He paid $22.75 million for a 14,000-square-foot condominium in Bal ...
Posted: June 16, 2014, 7:51 am

Q&A: Howard Lutnick is bullish on Houston

As chairman and CEO of Cantor Fitzgerald, Howard Lutnick rebuilt the bond brokerage firm after the Sept. 11 terrorist attacks killed 658 of the firm's 960 employees in New York. To continue reading this story, you will need to be a digital subscriber to ...
Posted: January 29, 2016, 2:13 pm

Cantor Fitzgerald CEO gives $25MILLION to his old college which gave him free tuition when both his parents died in his teens

Now, 35 years later, the CEO of Cantor Fitzgerald has given Haverford College $25million back. Howard Lutnick, who lost 658 employees at the financial firm, including his younger brother, Gary, in the 9/11 terror attacks, made the generous contribution to ...
Posted: October 26, 2014, 4:02 pm
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