Commerce Secretary Howard Lutnick’s net worth has remained stable in publicly reported figures since the Trump administration’s tariff rollout in early April 2025. As of April 7, 2025, Lutnick’s estimated net worth stands at , primarily tied to his 60% ownership stake in Cantor Fitzgerald and his leadership roles in subsidiaries like BGC Partners and Newmark Group. While his stock holdings in Newmark Group (NMRK) are valued at approximately , these represent only a fraction of his broader financial portfolio, which includes real estate assets worth hundreds of millions and executive compensation exceeding .
Lutnick’s financial disclosures and SEC filings show no significant divestments or losses linked to the tariffs as of early April. However, his advocacy for Trump’s protectionist trade policies — including tariffs targeting China and other nations — has drawn scrutiny. During a CNBC interview on April 3, Lutnick defended the tariffs as necessary to counter “” like foreign subsidies, arguing they level the playing field for U.S. industries. Critics warn these policies could destabilize global markets, but concrete impacts on Lutnick’s wealth have yet to materialize in available data.
Forbes’ 2025 World’s Billionaires List previously estimated Lutnick’s net worth at , but this figure predates his Commerce Secretary confirmation and recent market fluctuations. Current valuations suggest no dramatic plunge, though sector-specific volatility — particularly in commercial real estate and financial services — remains a risk factor under the new tariff regime.
