Who is Larry Silverstein?
He was born in May 1931. He is married to Klara, for more than 60 years. They have 3 children: Sharon Silverstein, Lisa Silverstein, and Roger Silverstein.
He is the founder of Silverstein Properties Inc, active in New York real estate. He is known for acquiring the Word Trade Centre in New York, months before the 9/11 attacks.
Silverstein Properties is a real estate development, investment, and management firm based in New York City. It was founded by Larry Silverstein in 1957.
The company has developed, owned, and managed more than 40 million square feet of office, residential, hotel, and retail properties in NYC.
The company owns and manages many successful and high-profile commercial and residential properties in New York City. Properties include 120 Wall Street, 120 Broadway, 1177 Avenue of the Americas and 529 Fifth Avenue.
He also owns the Four Seasons Private Residences New York Downtown at 30 Park Place. He has his residence in this building.
He also owns the Silver Towers, bearing his name. Silver Towers are two 60-story residential towers at 600 West 42nd Street.
World Trade Center
In July 2001 Silverstein completed the largest real estate transaction in New York history. When he signed a 99-year lease on the World Trade Center for $3.25 billion. Only to see it destroyed in terrorist attacks six weeks later on September 11, 2001.
After a long legal battle, Silverstein received US$ 4.6 billion in insurance payments. He has spent the last years rebuilding the office component of the $ 30 billion World Trade Center site.
In 2006 he opened 7 World Trade Center, the first office tower to be rebuilt after the WTC attacks.
Larry and his wife Klara Silverstein are active philanthropists. They donated $5 million to Hunter College to create the Klara and Larry Silverstein Student Success Center at the Hunter College Library.
They also created the Silverstein Scholarship Fund at the New York University School of Medicine. And Larry is a founding trustee of the Museum of Jewish Heritage in New York.
Larry Silverstein Net Worth
His net worth is estimated at US$ 3 billion.