What is Howard Lutnick’s Net Worth?
Howard Lutnick is an American businessman who has a net worth of $1 billion. Howard Lutnick was born July 14, 1961 in Jericho, Long Island, New York. After graduating from Haverford College (Haverford, Pennsylvania) in 1983 with a level in economics, Lutnick went to work for Cantor Fitzgerald (a monetary companies agency headquartered in New York City, New York). When Howard Lutnick was 29 he was named second in command at Cantor Fitzgerald and a yr later he grew to become the president and CEO of Cantor (1991) and Chairman in 1996. On September 11, 2001, Cantor Fitzgerald misplaced 658 workers, together with Lutnick’s brother Gary, to the 9/11 terrorist assault on New York City. Lutnick was heartbroken and vowed to the households who misplaced family members that Cantor would handle them. Cantor created Cantor Fitzgerald Relief Fund and Howard Lutnick donated $1 million of his private cash to the fund. In 2006, Cantor paid a complete of $180 million to the affected households.
After Hurricane Sandy, Lutnick additionally led Cantor to donate $10 million to New Yorkers who lived within the neighborhoods affected by Hurricane Sandy. Ever the philanthropist, Lutnick appeared on the Piers Morgan Live TV present and pledged $2 million to households affected by the Moore, Oklahoma twister. The May 20, 2013 twister killed 24 folks and injured a whole bunch extra. The donation was given out within the type of $1,000 debit playing cards to space households. Forward from the 9/11 assaults, every year on September 11, Cantor Fitzgerald and its affiliate BGC Partners donate 100% of their income to charitable causes on their annual Charity Day. Charity Day was initially established to boost cash for the Cantor Fitzgerald Relief Fund to help the households of Cantor workers who perished within the World Trade Center assaults. Since Charity Day’s inception, the agency has raised $101 million for charities globally.
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