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Howard Lutnick Net Worth, Biography & Wiki 2017
Howard William Lutnick was born on the 14th July 1961, in Jericho, Long Island, New York, USA. He is best known for being a businessman, who is the Chairman and CEO of Cantor Fitzgerald LP as well as the Chairman and the CEO of Bernard Gerald Cantor (BGC) Partners, Inc. He is recognized as the founder of the Cantor Fitzgerald Relief Fund. His career has been active since 1983.
Have you ever wondered how rich is Howard Lutnick? Sources estimate that Lutnick’s net worth is over $1 billion as of early 2016, with the main source of this amount of money being, of course, his career as a businessman.
Howard Lutnick Net Worth $1 Billion
Howard Lutnick is the third child of Dr. Solomon Lutnick, a history professor, and Jane Lutnick, a sculptor and painter. When he was an 18 years old, his mother died from lymphoma, and after only a year his father died from lung cancer. After high school, Howard enrolled at Haverford College in Pennsylvania, when he got an offer in his freshman year of a full scholarship for his entire education. Thanks to that, Howard graduated with a BA degree in Economics in 1983. Howard’s career began soon after, joining the Cantor Fitzgerald company, a financial services firm which specializes in institutional equity, fixed income sales and trading. He soon started a friendship with Bernard Cantor, who was one of the founders of the company, hanging on his every word and learning from such a successful person. He built his way up in the company, and in 1991 he became its President and CEO, and five years later, he was appointed as Chairman of the company, a position he holds today. As the firm has grown in its worth, so has Howards overall net worth, and his position became more stable.
Furthermore to his career, in 2004 Howard started another company, as a part of Cantor Fitzgerald, called BGC Partners, needing to take a bank loan of $400 million, but four years later, it was all paid off when it merged with eSpeed in a deal worth $1.3 billion.
Thanks to his successful career, Howard has earned numerous prestigious awards and recognitions, including the Department of the Navy Distinguished Public Service Award, and he was ranked 4th Most Important Person in Commercial Real Estate Finance by Commercial Observer.
Speaking about his personal life, Howard Lutnick married Allison Lambert in 1994, and they have four children.