History of Howard Lutnick in Timeline
Howard Lutnick is an American billionaire businessman and chairman and CEO of Cantor Fitzgerald and BGC Group. He took over Cantor Fitzgerald after the death of its previous head, Bernard Gerald Cantor. Lutnick survived the September 11 attacks, but lost 658 employees, including his brother. Following the attacks, he established the Cantor Fitzgerald Relief Fund, a charity supporting families of victims of attacks and natural disasters. Lutnick holds a 60% ownership stake in Cantor Fitzgerald and has a net worth exceeding $1.5 billion.
July 14, 1961: Birth of Howard Lutnick
Howard William Lutnick was born on July 14, 1961.
1978: Death of Lutnick's Mother
Howard Lutnick's mother died of lymphoma in 1978 while he was a senior in high school.
1983: Graduation from Haverford College
Howard Lutnick graduated from Haverford College with a degree in economics in 1983.
1991: President and CEO of Cantor Fitzgerald
Howard Lutnick was named president and CEO of Cantor Fitzgerald in 1991.
December 10, 1994: Marriage to Allison Lambert
Howard Lutnick married Allison Lambert on December 10, 1994.
1996: Chairman of Cantor Fitzgerald
Howard Lutnick became chairman of Cantor Fitzgerald in 1996.
1999: eSpeed Goes Public
In 1999, Howard Lutnick took eSpeed, an electronic trading subsidiary of Cantor Fitzgerald, public.
September 11, 2001: Survival of 9/11 Attacks
Howard Lutnick survived the September 11, 2001 attacks because he was dropping his son off at kindergarten.
2004: Split of Cantor Fitzgerald
In 2004, Howard Lutnick and Lee M. Amaitis split Cantor Fitzgerald into two separate operations: Cantor Fitzgerald and BGC Partners.
2005: Start of Global Charity Day
Since 2005, Cantor Fitzgerald and BGC Partners have held an annual Global Charity Day, donating 100% of the day's revenue to charity.
2006: Donation to 9/11 Victims' Families
In 2006, Cantor Fitzgerald donated $180 million to the relatives of their employees affected by the 9/11 attack.
2008: Merger of BGC Partners and eSpeed
Howard Lutnick oversaw the merger of BGC Partners and eSpeed, valued at $1.3 billion, in 2008.
October 2012: Hurricane Sandy Relief Efforts
In October 2012, Howard Lutnick pledged $10 million to aid families affected by Hurricane Sandy.
2012: Appointment to Haverford College Board of Managers
Howard Lutnick was appointed to the Haverford College Board of Managers in 2012.
2013: Donation to Moore Tornado Victims
In 2013, Howard Lutnick pledged $2 million to victims of the Moore tornado.
September 2018: Lutnick's Net Worth and Cantor Fitzgerald Ownership
As of September 2018, Howard Lutnick owned 60% of Cantor Fitzgerald, with a net worth estimated to be at least $1.5 billion.
May 17, 2019: Fundraiser for Donald Trump
On May 17, 2019, Howard Lutnick hosted a fundraiser for Donald Trump at his home, raising approximately $5 million.
2020: Fundraiser for Donald Trump's Presidential Campaign
In 2020, Howard Lutnick was a fundraiser for Donald Trump's presidential campaign.
August 2, 2024: Fundraiser for Donald Trump
On August 2, 2024, Howard Lutnick hosted a fundraiser for Donald Trump at his home in Bridgehampton.
October 2024: Defense of Robert Kennedy Jr.'s Vaccine Claims
In October 2024, Howard Lutnick defended Robert Kennedy Jr.'s claim that vaccines cause autism.
October 27, 2024: Speech at Trump Rally
On October 27, 2024, Howard Lutnick spoke at a Trump rally at Madison Square Garden.
November 2024: Nomination for Secretary of Commerce
In November 2024, President-elect Donald Trump announced his intention to nominate Howard Lutnick as Secretary of Commerce.
November 19, 2024: Nomination for Secretary of Commerce
On November 19, 2024, President-elect Trump announced his intention to nominate Howard Lutnick as Secretary of Commerce.
2024: Launch of FMX Futures Exchange
In 2024, Howard Lutnick, through BGC Group, began efforts to launch the FMX Futures Exchange.