Howard Lutnick's Net Worth, by His Own Disclosure
The Secretary of Commerce is a Wall Street billionaire. We read his federal financial disclosure in full. It reports a net worth estimated at $1.5–$2 billion+, over $457 million in disclosed assets, two brokerage stakes worth $25–$50 million each, and $22 million in political giving — while his department administers the CHIPS Act's billions. We show the money; you draw the conclusions.
The disclosed-asset floor on his federal filing — before counting the private Cantor Fitzgerald equity that pushes most estimates past $1.5 billion. He is the first Wall Street billionaire to run the Commerce Department in modern memory.
The Filing Every Official Has to Make — Finally Readable
Every Cabinet secretary files a financial disclosure with the U.S. Office of Government Ethics (OGE): an annual snapshot of what they own and earn (Form 278e), plus a report every time they buy or sell (Form 278T). They're public — just scanned PDFs with no database and no search.
So we parsed Secretary Lutnick's, line by line. For a man this wealthy, the document is unusually revealing: it names the firms, the brackets and the divestiture promises. We report what it says.
How Much Is Howard Lutnick Worth?
The honest answer starts with a floor. His OGE form records over $457 million in disclosed assets — but the form bands each holding and caps the top brackets, and much of his Cantor Fitzgerald partnership equity is privately held and never fully captured in a public filing. Add it back, and independent estimates including Forbes put his net worth above $1.5 billion, plausibly toward $2 billion or more. Either way, he is among the wealthiest people ever to run the Commerce Department.
Where the Money Comes From: Cantor, BGC and Newmark
One firm, three tickers. Lutnick joined Cantor Fitzgerald in 1983 and became CEO by 1991, then rebuilt it after the September 11 attacks killed 658 of its employees. Over the following two decades he spun two public companies out of it: BGC Group (Nasdaq: BGC), an institutional brokerage, and Newmark Group (Nasdaq: NMRK), a commercial-real-estate services firm. His disclosure shows large stakes in both, plus Cantor Fitzgerald partnership interests and a web of related private vehicles.
The Brokerage Empire, on the Filing
The largest line items in the disclosure, by the form's value brackets:
| Asset | What it is | Disclosed value |
|---|---|---|
| Newmark Group NMRK | Commercial real-estate brokerage | $25M–$50M |
| BGC Group BGC | Institutional brokerage | $25M–$50M |
| Cantor Fitzgerald, L.P. Private | The flagship partnership | $5M–$25M |
| Newmark Holdings, L.P. Private | Newmark partnership units | $5M–$25M |
| KBCR Management Partners Private | Investment vehicle | $5M–$25M |
| 770 Ocean Road Properties LP Real estate | Real-estate partnership | $5M–$25M |
| Cut 7 Carry, L.P. Private | Carried-interest vehicle | $5M–$25M |
Those are just the headline lines — the full filing runs to hundreds of entries across Cantor, BGC and Newmark vehicles. In his ethics agreement Lutnick committed to resign his roles at all three and to divest; his periodic transaction report records the multi-million-dollar BGC and Newmark sales that began unwinding those positions.
Watch the divestiture in real time.
Every periodic transaction report a Cabinet member files — the moment it posts. We track the President, the Cabinet and all 538 in Congress side by side.
The Job and the Portfolio Point at the Same Industries
This is what the disclosure exists to make visible. The Commerce Department that Lutnick now runs administers the CHIPS Act's semiconductor grants — roughly $8.5B to Intel, $6.6B to TSMC and $6.1B to Micron — and oversees critical-minerals deals including a $1.6 billion federal stake in USA Rare Earth. His former firm, Cantor Fitzgerald, has also been tied to the crypto economy through a custodial relationship with the stablecoin issuer Tether, a sector touching Commerce's trade and digital-asset remit.
$22 Million in Political Giving
Beyond his own fortune, FEC records show Lutnick gave roughly $22.1 million across 94 contributions between 2017 and 2024, overwhelmingly to Republican and Trump-aligned committees — including over $17.9 million to Make America Great Again Inc., Donald Trump's principal committee and super PAC. He co-chaired Trump's 2024 presidential transition before his nomination.
How He Stacks Up
Lutnick sits near the very top of the executive branch by wealth — behind President Trump's billions, in the same league as fellow billionaire-class appointees, and far above Vice President JD Vance's $6.5–$22.4 million. Treasury Secretary Scott Bessent is the other nine-to-ten-figure money manager in the Cabinet. Set any of them against the richest members of Congress and the executive branch's wealth concentration is hard to miss.
How We Count It
Asset figures aggregate parsed line items from Secretary Lutnick's OGE Form 278e and 278T filings, using the form's value brackets. Because the brackets cap large holdings and Cantor Fitzgerald is privately held, the $457M disclosed-asset sum is a floor, and we cite the Forbes/OGE range for net worth rather than a single number. Contribution figures come from FEC records. We report what the documents say and draw no legal conclusions about any person.
The richest Cabinet in modern history.
Lutnick is one of several nine- and ten-figure fortunes around the President's table. We read every disclosure, score it, and track every new filing the day it posts — the whole executive branch and all 538 members of Congress. Start free, no card required.
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Not financial advice. All data from public federal disclosures. GovGreed reports disclosed financial information and does not allege that any person violated any law.