LARRY SILVERSTEIN • Net Worth $3 Billion • House • Yacht • Private Jet • Silverstein Properties

Name:Larry Silverstein
Net Worth:$ 3 billion
Source of Wealth:Silverstein Properties
Born:May 30, 1931
Wife:Klara Silverstein
Children:Sharon Silverstein, Lisa Silverstein, Roger Silverstein
Residence:New York, NY, USA
Private Jet:Bombardier Global 5000 (N117QS)
YachtSilver Shalis

When it comes to the New York City real estate scene, few names are as iconic as Larry Silverstein. Born in May 1931, Larry has left an indelible mark on the city’s skyline. Larry shares his life and success with his wife, Klara Silverstein, and their three children, Sharon Silverstein, Lisa Silverstein, and Roger Silverstein.

Key Takeaways:

  • Larry Silverstein, born in May 1931, is the founder of Silverstein Properties Inc., a prominent real estate firm in New York.
  • Silverstein Properties has developed, owned, and managed over 40 million square feet of various properties in NYC.
  • Larry Silverstein signed a 99-year lease for the World Trade Center in 2001, but the site was destroyed in the 9/11 attacks.
  • Larry and his wife Klara are known philanthropists, with substantial contributions to Hunter College, New York University School of Medicine, and the Museum of Jewish Heritage.
  • Larry Silverstein’s net worth is estimated to be around $3 billion.
  • He is the owner of the Silver Shalis yacht, which he named after his daughters Sharon and Lisa.

The Genesis of Silverstein Properties

Embarking on his journey in 1957, Larry founded Silverstein Properties Inc., a firm that quickly became a frontrunner in New York’s competitive real estate market. The company was responsible for the World Trade Centre’s acquisition, a landmark deal that happened just months before the unfortunate 9/11 attacks.

A Deep Dive into Silverstein Properties

Silverstein Properties stands as a leading real estate development, investment, and management firm in New York City. The company’s portfolio boasts over 40 million square feet of office, residential, hotel, and retail properties, cementing its reputation as a real estate powerhouse.

The company’s portfolio includes several high-profile properties such as 120 Wall Street, 120 Broadway, 1177 Avenue of the Americas, and 529 Fifth Avenue. Larry also owns the Four Seasons Private Residences New York Downtown at 30 Park Place, where he currently resides.

One of the notable developments by the company includes the Silver Towers, two 60-story residential towers at 600 West 42nd Street, carrying Larry’s legacy forward with their name.

Tragedy and Triumph: The World Trade Center Saga

In July 2001, Larry signed a 99-year lease on the World Trade Center, a record-breaking real estate transaction in New York history, valued at $3.25 billion. Unfortunately, a tragic turn of events led to the destruction of the World Trade Center in the terrorist attacks on September 11, 2001.

After a protracted legal battle, Larry received $4.6 billion in insurance payments. He has since dedicated his efforts towards rebuilding the office component of the $30 billion World Trade Center site, with 7 World Trade Center being the first office tower to rise from the ashes in 2006.

Generosity Beyond Business: The Silversteins’ Philanthropy

Larry and his wife Klara are known not only for their business acumen but also for their philanthropic initiatives. They have made substantial contributions to Hunter College, establishing the Klara and Larry Silverstein Student Success Center. Their generosity extends to the New York University School of Medicine through the Silverstein Scholarship Fund, and Larry is a founding trustee of the Museum of Jewish Heritage in New York.

The Astounding Net Worth of Larry Silverstein

With decades of successful real estate ventures, Larry’s net worth is estimated to be around $3 billion.

Frequently Asked Questions about Larry Silverstein

Who currently owns the World Trade Center?

While the NY Porth Authority is the current owner, Larry Silverstein held a 99-year lease for the WTC in 2001.

What is Larry Silverstein’s net worth?

Larry Silverstein’s net worth is estimated to be $3 billion.

Who is the owner of the Silver Shalis yacht?

Larry Silverstein, known for leasing the WTC in 2001, is the proud owner of the Silver Shalis yacht.

Who owns Silverstein Properties?

Larry Silverstein is the founder and CEO of Silverstein Properties.


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Yacht Silver Shalis Owner

Larry Silverstein

Watch this video!

Yacht Silver Shalis

He is the owner of the yacht Silver Shalis.

The yacht Silver Shalis was built at Delta Marine in 2010. She is designed by Langan Associates. The yacht has a pretty ice blue hull.

Her interior is designed by  Jonathan Quinn Barnett. Silver Shalis can accommodate 12 guests and a crew of 14.

He named the yacht after his daughters Sharon and Lisa.