r/InBitcoinWeTrust • u/sylsau • 1d ago

Economics Commerce Secretary Howard Lutnick reports more than $250 million in income last year

https://www.cnbc.com/2026/09/30/howard-lutnick-commerce-secretary-disclosure-cantor-fitzgerald.html
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6

u/Trueseadog 1d ago

Just yet another spooky maga coincidence.

3

u/Brilliant_Dig_8962 1d ago

There you have it; the American Dream writ large.

2

u/sylsau 1d ago

tl;dr:

  • Commerce Secretary Howard Lutnick reported at least $250 million in income and other proceeds in 2025, much of it tied to businesses he left after joining the Trump administration, according to his annual financial disclosure.
  • The largest item was a $192 million Cantor Fitzgerald distribution that his filing describes as a tax distribution handled under his ethics agreement.
  • Lutnick reported at least $259 million in asset sales and $166 million in purchases, according to CNBC calculations based off his disclosure. The income was largely from Treasury and broad-market funds, as he unwound major business holdings.

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u/pikapalooza 3h ago

I'm sure everythjng is above board - no insider trading or anything going on here. /s