Commerce Secretary Howard Lutnick Reports Over $250 Million in Income for 2025
Commerce Secretary Howard Lutnick reported at least $250 million in income and other proceeds during the fiscal year ending 2025, primarily from financial businesses he left behind after joining President Trump’s administration. The largest portion of his earnings came as a $192 million distribution from Cantor Fitzgerald, which is described as part of an ethics agreement under federal guidelines. Lutnick also disclosed significant asset activity during the year: at least $259 million in sales and over $166 million in purchases. His transactions included major stakes in Newmark, BGC Group, and Cantor Fitzgerald, while his new investments were largely focused on Treasury funds and broad-market ETFs like an S&P 500 fund. Despite stepping down from leadership roles at multiple firms including Cantor Fitzgerald, Lutnick still holds around 40 outside positions involving trusts and property companies. His financial disclosure provides the most detailed look yet into his finances during his first year in government.
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Topics: Cabinet Members Earnings Disclosure Finance Politics