Breaking Down the Lutnick Family's Potential Windfall from the Supreme Court Tariff Ruling The Supreme Court's Feb 2025 decision striking down Trump's broad IEEPA tariffs could unlock $175B in refunds for companies that paid up.
thehill.com
But guess who might've cashed in big? Howard Lutnick's sons, Brandon and Kyle, running Cantor Fitzgerald.Reports from mid-2025 show Cantor was snapping up "tariff refund rights" at steep discounts...paying just 20-30 cents on the dollar for companies' potential claims.
finance.yahoo.com 1
Example: A firm pays $10M in tariffs, sells rights to Cantor for $2-3M. If refunded fully? Cantor pockets the full $10M, netting $7-8M profit per deal.
newsweek.com
Scale? They inked at least one ~$10M deal and had capacity for "several hundred million" more in face value.
finance.senate.gov 1
If they maxed out at, say, $500M in rights (conservative estimate), bought at 25% avg ($125M outlay), they'd rake in $500M refunds...potential profit: $375M. Upscale to $1B in deals? Easily hits hundreds of millions to over $1B in gains, with 3-5x returns.
facebook.com 1
Irony: Dad Howard, as Commerce Sec, pushed these tariffs publicly while the family firm bet against them.
rawstory.com
Cantor denies any profits or trades tied to the ruling, calling reports "false."
semafor.com 1
But Senate probes (Warren/Wyden) confirmed deals.
instagram.com
Crony capitalism at its finest? You decide.
#LutnickTariffs #SCOTUSRuling #TrumpAdmin