The New York Times - Breaking News, US News, World News and VideosFamily Affair: Commerce Secretary’s Sons Cash In on A.I. Frenzy
https://web.brid.gy/r/https://www.nytimes.com/2025/11/20/us/politics/howard-lutnick-family-ai.html
NonilexAmong its legion of businesses, #CantorFitzgerald has interests in #weather & #climate. It owns a controlling interest in #BGCGroup, which operates a weather derivatives market that essentially allows investors to bet on climate risk & where #hurricanes will make landfall.
#HowardLutnick also played a pivotal role in cultivating #Satellogic. He helped raise capital to take the company public & held a seat on its board until #Trump nominated him. Cantor holds a roughly 13% stake in Satellogic….
⚯ Michel de Cryptadamus ⚯#HowardLutnick (part owner of #Tether, chairman of the #Trump transition team, billionaire owner of #CantorFitzgerald, and future Commerce Secretary of the US) made $216 million from Cantor last year as well as ~$128 million from other sources (mostly Newmark Group and BGC Group).. He's also an executive or board member of 818 different organizations (mostly small LLCs).
* Here's his financial disclosure form: https://legacy.www.documentcloud.org/documents/25503861-howard-lutnick-final-asset-disclosure-278
* I wrote a long thing about Lutnick and Tether: https://universeodon.com/@cryptadamist/113086118854620924
$200 million is a lot of blood money...
#crypto #cryptocurrency #corruption #bloodmoney #crime #cabinet #inauguration #trump #uspol #uspolitics #donaldtrump #NewmarkGroup #HoraceMann #BGCGroup