Commerce Secretary Howard Lutnick Discloses $250 Million Income

U.S. Commerce Secretary Howard Lutnick reported at least $250 million in income for 2025, his first year in government. The disclosure includes $192 million from Cantor Fitzgerald, where he served as CEO for decades, along with millions in salary and bonuses from BGC Group and Newmark. Lutnick also reported buying $166 million in assets and selling $259 million, primarily in Treasury securities and broad-market funds.

Lutnick, who stepped down from his leadership roles in February 2025, remains one of the wealthiest members of the Trump Cabinet. His career at Cantor Fitzgerald began after his parents' deaths, eventually leading him to rebuild the firm following the September 11, 2001, attacks.

Editor's note: The brief accurately summarizes the financial disclosure and Lutnick's background as provided in the source text.