Lutnick's rise as a prominent business figure began after the September 11 attacks, a tragedy that claimed many employees of Cantor Fitzgerald, pushing him to rebuild the company with new hires.
He has committed significant donations to Trump’s campaigns and has strengthened his role in the upcoming administration by serving as co-chair of the transition team.
The bid for the Treasury role faced challenges as Trump became frustrated with Lutnick's aggressive push and the backing he received from influential figures like Elon Musk.
As Lutnick navigates the transition, he must also separate from his responsibilities at Cantor Fitzgerald, BGC Group, and Newmark Group to fully commit to a potential government role.
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