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A massive fundraiser co-organized by Cantor Fitzgerald Chairman Howard Lutnick, took place in The Hamptons, on Friday, August 2, 2024. Huge amounts of funds were donated to former President and current Presidential nominee Donald Trump. Lutnick reportedly targeted at raising about $10 million for Trump in the latest fundraiser. The event co-hosts included Omeed Malik and John Paulson.
Talking about the latest big fundraiser, it is important to note more about co-host Howard Lutnick. According to Celebrity Net Worth, Lutnick has a net worth of about $1 billion.
Lutnich joined Cantor Fitzgerald in 1983, the same year he graduated from Haverford College. He then reportedly developed a great bond with Bernard Cantor, the owner of the company, who was Howard Lutnick's personal mentor as well. In 1991, the 63-year-old businessman became the company's president and CEO, and received the chairmanship, five years later, in 1996.
The fundraiser for Trump took place, just a few weeks after Joe Biden arrived in The Hamptons back in June, for a fundraiser. Communications strategist James McCarthy wrote to The Daily Beast, and said:
"Whatever trepidations the Hamptons finance set had about Trump are melting like frozé in the sun."
Several Republican billionaires had reportedly avoided funding Trump, after his alleged involvement in the January 2021 US Capitol attack.
Exploring the life and career of Howard Lutnick
Born in July 1961, in Long Island, in a Jewish family, Howard Lutnick is a well-known businessman. He recently made headlines after co-hosting a massive fundraiser from Trump on Friday. Lutnick began attending Haverford College in 1979, a year after he lost his mother to lymphoma. He graduated in 1983 with a degree in economics.
As mentioned, he soon joined Cantor Fitzgerald after his graduation. In 2004, Lutnick and Lee M. Amaitis, who was the head of the company's London office, decided to split the firm into two operations. This was what led to the formation of BGC Partners. While Howard Lutnick was supposed to look after the big trades through stock, BGC Partners had the responsibility promoted "broker-driven trading."
4 years later, in 2008, BGC Partners and eSpeed entered into a merger that was worth $1.3 billion. Over the years, Lutnick has received several awards. In 2013, he ranked fourth on the list of "Most Important People in Commercial Real Estate Finance by Commercial Observer."
Howard Lutnick is also known for his philanthropic works including Cantor Fitzgerald Relief Fund, which was a non-profit organization started by him following the attacks on 9/11. Every year, the billionaire is also known to conduct the Global Charity Day. Several big shots and celebrities had been part of the event, and the list would include Venus Williams, Lady Gaga, Susan Sarandon, and Eli Manning.
The official website of the BGC Partners has a detailed page dedicated to Howard Lutnick. The page read:
"Since 9/11, Mr. Lutnick has been recognized as a symbol of resilience, and his story has been widely covered by top financial publications..."
In December 1994, Lutnick got married to Allison Lambert who had been working as an associate at a law firm named Wilson, Elser, Moskowitz, Edelman & Dicker. The couple share four children as well.
More about The Hamptons fundraiser for Donald Trump
Trump's arrival at The Hamptons to attend the fundraiser had caused several disruptions in the roadways and residents had been complaining. The same situation happened when Joe Biden arrived there for a fundraiser in June. Page Six reported that areas like Westhampton Beach, Hampton Bays, Southampton, Shinnecock Hills, North Sea, Water Mill, and Bridgehampton could be affected due to the fundraiser.
Southampton Town Police Lt. Todd Spencer told The East Hampton Star, that the roadways would be shut down from 4 pm to 8 pm on Friday. It had further been reported that Donald Trump landed at the Gabreski Airport in Westhampton. TMZ reported that one had to pay about $25,000 to attend the event and around $50,000 to click a photo with Donald Trump.
Bloomberg also revealed that the former President was also charging people for having a seat at his table, and the amount was a hefty $250,000. The outlet further added that if someone wanted to get the status of a "host" they had to pay at least $500,000.
While Donald Trump is busy getting funding for his campaign, Kamala Harris has also not stayed behind. Harris had reportedly raised more than $300 million in July, which included $200 million which was received within a week of Joe Biden's decision to step down from the elections.
Some of the important people who arrived at Biden's fundraiser event in The Hamptons in June included Sarah Jessica Parker, Matthew Broderick, and Tracy Pollan.
Trump's campaign had revealed that he had reportedly raised about $139 million in July. As of Thursday, they announced of having around $327 million in cash in hand.
