Who is Larry Silverstein?
Larry Silverstein was born May 30 in Bedford-Stuyvesant in Brooklyn on Jewish descent. From 1955 on, Silverstein started to show an entrepreneurial mindset that eventually helped him build the World Trade Center; yet his real estate achievements go much further than this one accomplishment.
What was the way Larry Silverstein begin his career?
In the 1950s, when he first started out, Larry was initially drawn to the real estate industry by family ties. The father of his son, Harry G. Silverstein was the main driver of Larry’s real-estate journey. Alongside his brother-in law, Bernard Mendik, they founded Silverstein Properties in 1957, beginning under the name Harry G. Silverstein & Sons. Their first venture of note was the purchase of an apartment in Manhattan.
What is Larry Silverstein’s net worth?
Silverstein has amassed a net worth of $3.5 billion from successful transactions in New York real estate markets and further over the course of decades.
Larry Silverstein became synonymous with the World Trade Center after its destruction in the terrorist attacks of September 11th 2001. With a desire to restore and rebuild, Larry committed to the reconstruction of the landmark. His wealth contributed significantly to making possible the rebuild. Although the project was estimated to cost an astounding $4.5 billion in construction, Silverstein has stated that it was less expensive than expected. In 2006, Silverstein was granted the green light to build three office buildings along Greenwich Street.
What other investments are contributing to the wealth of Silverstein?
In addition to that World Trade Center project, Larry Silverstein has a plethora of other investments that have increased his wealth. Some of his most prominent buildings include the 570 Seventh Avenue, 529 Fifth Avenue as well as 1177 Avenue within New York. Silverstein has also diversifying his portfolio of properties located in Washington DC. Silverstein’s influence doesn’t only extend to the ownership of buildings. He’s also a governor for the Real Estate Board of New York.
Which people are who have influenced Larry’s Silverstein’s circle?
Larry’s life was filled with music, family and love. When he was a kid, he adored classical music, and took great pleasure in playing piano music from classical works composed by composers. Later on, his path crossed with Klara who runs summer camps with him as a school teacher; eventually they got to know each other. They tied the knot in 1956 and welcomed three children in the course of time. In spite of the professional success Larry was able to achieve however, the beginning was tough and Klara was a key player in assisting the family. But their journey as a couple ended in 1977 when they divorced.
What did Larry Silverstein given back to the community?
Larry’s legacy doesn’t stop at the real estate industry alone. He is well-known for his charitable initiatives, which have a significant impact on the lives of those around him. Silverstein has a highly regarded position as the founder and chairman of New York University’s Real Estate Institute as well as being involved in Jewish causes by serving as Chairman of the United Jewish Appeal in New York as well as Treasurer of the National Jewish Medical and Research Center and Chairman of the Realty Foundation.
Larry Silverstein’s career can be described as a complex network of business acumen and resilience when faced with difficulties, personal commitments as well as giving back to the community. From Brooklyn’s bustling streets, to New York City skylines he has demonstrated a tremendous amount of determination, vision, and perseverance throughout his life.
