What Is Larry Silverstein’s Net Worth
Larry Silverstein, sometimes recognized as Larry A. Silverstein, is an American real estate investor and businessman born on May 30, 1931. As for 2023, Larry Silverstein is estimated to be worth $4 Billion, according to public sources.
He is best known for purchasing and owning the World Trade Center complex in New York City in 2001, shortly before the unfortunate September 12 attack on the twin towers. He is the founder, chairman, and CEO of Silverstein Properties, a privately held, full-service real estate development, investment, and management firm.
This article will dive deeper into Larry Silverstein, providing additional details on his net Worth alongside his personal life, career, early life, and more. Read on!
Larry Silverstein’s Net Worth Annually
Larry Silverstein is a meticulous and dedicated businessman, like Simon Konecki, investing in new opportunities and even persevered in rebuilding his investment after the September 11 attack. His earnings seem to grow yearly, and here is a summary of his net Worth over the years:
- Net Worth in 2023 $4 Billion
- Net Worth in 2022 $4 Billion
- Net Worth in 2021 $3 Billion
- Net Worth in 2020 $3 Billion
Biography
Larry Silverstein is an American businessman and real estate investor estimated to have a net worth of $4 Billion. Below are some quick Larry Silverstein facts:
| Full Name/Real Name: | Larry A. Silverstein |
| Nick Name/Stage Name: | Larry |
| Birth Place: | Bedford-Stuyvesant, Brooklyn |
| Birthday: | May 30, 1931 |
| Zodiac Sign: | Gemini |
| Age(How Old): | 91 |
| Weight: | 143 pounds (64 kg) |
| Height(How Tall): | 1.66m (5 ft 5 in) |
| Marital Status: | Married |
| Wife/Husband: | Klara Silverstein |
| Girlfriend: | N/A |
| Parent’s Name: |
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| Kids/Children Name: |
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| Siblings: | Sister (s): Annette Silverstein |
| College: | City College of New York |
| Profession: | Businessman, Real estate Investor |
| Social Media Accounts: |
How Did Larry Silverstein Get Rich
Larry is a successful American businessman and investor like Jeff Bezos, who has achieved tremendous success due to his analytical abilities. According to public sources, the billionaire was born in Bedford-Stuyvesant, Brooklyn, New York, and graduated from the City College of New York in 1951.
After graduation, he worked in his family’s real estate business and eventually took over the establishment. His leadership led to the company’s expansion, making it one of the largest commercial landlords in New York City.
The businessman and investor have also created shopping centres and apartment buildings in Brooklyn, Long Island, and Queens.
Larry has an affinity for big opportunities, such as his acquired stake in the Empire State Building in 1972 and becoming an owner of the famous building. He also made the historical 99-year lease of the world trade centre in 2001.
The lease allowed Silverstein to develop and control the World Trade Center complex, and while his investment got destroyed by the 9/11 terrorist attack, he was determined to rebuild the site and erect a lasting memorial.
Rebuilding the World Trade Center became possible in 2006 after many negotiations. He completed 7 World Trade Center and opened the first office building at the site. He has developed more buildings in the area, turning a depressing site commercially vibrant again.
Most Popular Real Estate Investors:
Early Life and Education
Larry Silverstein was born to a Jewish family in Brooklyn, New York, on May 30, 1931, with parents Harry G. Silverstein (father) and Helen Ann Dolan (mother). He became interested in classical music and played the piano early.
He received fundamental education at the High School of Music and Art and tertiary education and the City College of New York. He also furthered his education by attending classes at Brooklyn Law school.
Personal Life
Although a busy businessman and investor, Larry Silverstein has been happily married for 54 years to Klara Silverstein, an executive at Silverstein Properties. Kara’s position in the establishment is due to the couple founding Silverstein Properties together.
Larry and Klara have three children, Lisa, Roger, and Sharon, who live on the 80th floor of his 30 Park Place tower worth a $34 million penthouse.
The billionaire is also into philanthropy, evident in the Real Estate Institute he founded at his Alma mater NYU alongside the scholarship fund he created for its medical school.
He also served as Charmaine of the Reality Foundation and United Jewish Appeal and a trustee of the Museum of Jewish Heritage. Larry also donated $5 million to his wife’s Alma mater, hunter college, in 2012 as funding to the Klara and Larry Silverstein Student Success Center.
Assets
As previously mentioned, Larry Silverstein is estimated to be worth $4 Billion in 2023 due to his effective business and investment tactics. Here’s 3sn overview of his assets and income streams:
Silverstein Properties
As previously mentioned, Larry Silverstein began his journey into real estate investment through his father, Henry G. Silverstein, and his brother-in-law Bernard Mendik. He eventually founded his real estate firm Silverstein Properties, in 1957.
Silverstein Properties is recognized as one of America’s biggest real estate firms, developing, managing, and owning over 40 million square feet of property.
These assets feature commercial and residential buildings, and the Silverstein portfolio includes major buildings like 120 Wall Street, 30 Park Place, the Equitable Building, and Americas Tower.
World Trade Centre
Larry Silverstein retained the rights to build three of the new World Trade Center structures, with the first rebuilt having 7 World Trade Centers, which reopened in 2013. One World Trade Center opened the following year, with three more opening in 2018.
These structures function as assets in Silverstein’s portfolio as each section leased will cover the billions needed for rebuilding and much more.
Other Noteworthy Real Estate
Other real estate projects owned by Silverstein include a major residential complex. This area spans the block between 41st and 42nd Street and between 11th and 12th Avenue in Manhattan.
Other notable properties are the One River Place and the 60-story Silver Towers. The real estate firm helped develop Manhattan’s new Riverside centre, where the 42-story condominium building One West End opened.
Summary
Larry A. Silverstein is one of America’s most successful businessmen and eels estate investors and is famous for owning the World Trade Center before and after the September 11 attack. While he may not be as financially buoyant as Tyrone Gilliams, he still has an estimated net worth of $4 Billion as of 2023.
FAQs
How Much Did the World Trade Center Cost Silverstein?
Silverstein began reconstruction of the World Trade Center on April 27, 2006 and ended on May 10, 2013, costing the billionaire $3.9 billion.
Is Larry Silverstein Still Alive?
Despite being 91 years old, Larry Silverstein is still alive and healthy with no reports of health complication or anything of the sort.
How Are Larry Silverstein’s Children?
Larry has three children named Lisa, Sharon, and Roger Silverstein, each with a happy family with Roger, Sharon, and Lisa’s husband working as executives at Silverstein Properties.
