Silverstein built the rebuilt World Trade Center complex in Lower Manhattan, New York City. He also owns a home at 30 Park Place, which is one of the city’s tallest residential towers.
He and his father set up Silverstein Properties, which is in the real estate business.
As of November 2022, it is thought that Larry Silverstein’s net worth is about $4 Billion.
Early Life of Larry Silverstein
Larry A. Silverstein was born in Bedford-Stuyvesant, Brooklyn, on May 30, 1931. Silverstein went to New York’s High School of Music and Art and then to New York University. He graduated from New York University in 1952. Silverstein met his wife, Klara, at a summer camp where he worked while in college.
As Harry G. Silverstein & Sons, he and his father started Silverstein Properties in 1957 and bought their first building in Manhattan.
Net Worth of Larry Silverstein
How much does Larry Silverstein really have? How much does this person make? Salary and net worth are both things that can change over time. You can find the latest information about salary and assets in the table. There are also disagreements in this section. Larry Silverstein has a $5 billion fortune.
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Career Life of Larry Silverstein
In 1952, Silverstein got his degree from New York University. Larry started Silverstein Properties with his father and brother-in-law, and they bought a building in Manhattan.
After he moved out on his own, he bought more homes in Midtown and Lower Manhattan. He made more than $46 million when he sold a building to Coca-Cola for $57.6 million in 1983.
People like the National Urban League and the Illuminating Engineering Society of North America lived in his buildings.
In 1980, Silverstein won the bid to build 7 World Trade Center. In 2001, his company won the bid to rent the World Trade Center.
After the 9/11 attacks, he got into a fight with his insurance company over his plans to rebuild. He kept the rights to 150, 175, and 200 Greenwich Street, but the Port Authority bought One World Trade Center.
A few years later, he showed up at a rally to protest insurance companies Allianz & Royal and Sun Alliance alongside construction workers and other public employees.
This was because he thought they hadn’t given the insured all of the $800 million they were owed for the many insurance claims related to the September 11 attacks in 2001.
Highlights of Larry Silverstein’s Career
Here are some of Larry Silverstein’s career’s greatest achievements:
- He sold a building to Coca-Cola (1983)
- Purchased The World Trade Center (2001)
Larry Silverstein’s Donations
Larry and Klara Silverstein give a lot of money to good causes. They gave $5 million to Hunter College to build the Klara and Larry Silverstein Student Success Center at the Hunter College Library.
Favorite Quotes of Larry Silverstein
“What is so spectacular is the opportunity to come together as we have in the last few days to rebuild the World Trade Center. It’s of great significance to me and to all New Yorkers.” – Larry Silverstein
“I can’t tell you why the government does what it does. In the private sector, this doesn’t happen. If they are sincere about making a deal, there’s nothing to prevent us from going right back to the table and getting it done. It’s just that simple. And we’re ready to do it today.” – Larry Silverstein
“Clearly, there are some issues that need to be resolved. But for today, my focus, like that of all New Yorkers, is on getting the Freedom Tower underway.” – Larry Silverstein
Final Words
Larry Silverstein was born in Brooklyn, New York City on May 30, 1931. He and his father set up Silverstein Properties, which is in the real estate business. As of November 2022, it is thought that Larry Silverstein’s net worth is about $4 billion. Larry Silverstein’s net worth is thought to be about $4 billion. He sold a building to Coca-Cola in 1983 and purchased the World Trade Center in 2001.
