Larry Silverstein is a renowned real estate developer and investor, best known for his ownership and redevelopment of the World Trade Center in New York City. Over the decades, he has built a multi-billion-dollar real estate empire, making him one of the most influential figures in the industry.

This article explores his net worth, biography, family, career journey, and future plans.

What is Larry Silverstein’s Net Worth?

Larry Silverstein’s net worth is estimated to be around $4 billion.

Sources of His Wealth

Larry Silverstein has amassed his fortune through:

• Real Estate Development – Owns several high-profile commercial properties.
• World Trade Center Redevelopment – Spearheaded the rebuilding of One World Trade Center after 9/11.
• Commercial Leasing & Investments – Holds significant commercial and retail real estate portfolios.

Silverstein’s legacy as a real estate mogul continues to shape the New York City skyline.

Who is Larry Silverstein?

Larry Silverstein is an American billionaire real estate developer and the founder of Silverstein Properties.

He gained global attention in 2001 after securing a 99-year lease on the World Trade Center, just months before the September 11 attacks.

Despite the tragic events, he played a key role in rebuilding the World Trade Center complex, solidifying his reputation as a resilient and visionary developer.

Quick Bio

Category	Details
Full Name	Larry A. Silverstein
Date of Birth	May 30, 1931
Age	93 years old
Birthplace	Brooklyn, New York, USA
Nationality	American
Ethnicity	Jewish
Religion	Judaism
Zodiac Sign	Gemini
Height	5 feet 7 inches (170 cm)
Weight	Approximately 70 kg (154 lbs)
Marital Status	Married
Spouse	Klara Silverstein
Children	Lisa Silverstein, Roger Silverstein
Profession	Real Estate Developer, Investor
Net Worth	Estimated at $4 billion

Education and Early Life

Growing Up in Brooklyn

Larry Silverstein was born on May 30, 1931, in Brooklyn, New York.

• He grew up in a Jewish family with a strong work ethic.
• His father introduced him to real estate and construction at an early age.

Education and Entry into Real Estate

• He attended New York University (NYU), graduating with a degree in Business and Finance.
• In 1957, he founded Silverstein Properties with his father, Max Silverstein.

His early real estate investments in Manhattan laid the foundation for his billion-dollar empire.

Age, Height, and Weight

Larry Silverstein is 93 years old.

• Height: 5 feet 7 inches (170 cm)
• Weight: Approximately 70 kg (154 lbs)

Despite his age, he remains actively involved in real estate projects and philanthropy.

Family and Legacy

Parents and Upbringing

• Larry was raised in a middle-class Jewish family in Brooklyn.
• His father, Max Silverstein, was in the real estate business and became his mentor.

Children and Family Legacy

• Larry and his wife, Klara Silverstein, have two children:
  • Lisa Silverstein – Actively involved in the family business.
  • Roger Silverstein – Also works in real estate.

His family continues to play a key role in Silverstein Properties, ensuring the business legacy lives on.

Career Journey

Early Real Estate Investments

• In 1957, Larry Silverstein founded Silverstein Properties.
• He started by investing in small residential properties in Manhattan.
• Over time, he expanded into commercial and office buildings.

Major Real Estate Developments

By the 1980s and 1990s, Silverstein had developed several skyscrapers in New York City, including:

• 120 Wall Street
• Seven World Trade Center (7 WTC)
• 1735 Market Street in Philadelphia

World Trade Center Acquisition (2001)

• In July 2001, Silverstein signed a 99-year lease to manage the World Trade Center complex.
• Two months later, the 9/11 attacks destroyed the Twin Towers.

Despite this catastrophic event, Silverstein remained determined to rebuild.

Rebuilding the World Trade Center

Silverstein led the redevelopment efforts, resulting in:

• One World Trade Center (formerly Freedom Tower) – The tallest building in the U.S.
• 4 World Trade Center, 3 World Trade Center, and 7 World Trade Center – New skyscrapers that transformed Lower Manhattan.

His resilience and leadership helped restore confidence in New York’s commercial real estate market.

Relationship and Marriage Life

Marriage to Klara Silverstein

Larry Silverstein has been married to Klara Silverstein for over 60 years.

• Klara is involved in philanthropy and education.
• The couple is known for their charitable contributions to education, healthcare, and Jewish organizations.

Personal Values and Work Ethic

Silverstein credits his long-lasting marriage and strong family support as keys to his personal and professional success.

Future Plans

Despite being in his 90s, Larry Silverstein remains actively involved in business and philanthropy.

Current and Upcoming Projects

• Continuing to develop and manage commercial properties in New York.
• Supporting real estate innovation and sustainability.
• Expanding Silverstein Properties into new markets.

Philanthropy and Giving Back

• Major donor to NYU and medical research institutions.
• Invests in urban development and cultural initiatives.
• Supports Jewish organizations and community programs.

His commitment to rebuilding and giving back ensures a lasting legacy.

Conclusion

Larry Silverstein is a visionary real estate developer whose impact on New York City’s skyline and economy is undeniable.

From his early investments to the rebuilding of the World Trade Center, he has overcome adversity and built a multi-billion-dollar empire.

At 93 years old, he continues to shape the real estate industry, leaving a lasting legacy for future generations.

FAQs

What is Larry Silverstein’s net worth?

His net worth is estimated at $4 billion.

How did Larry Silverstein make his money?

He built his fortune through real estate development, leasing, and investments.

What happened to Larry Silverstein after 9/11?

He led the rebuilding of the World Trade Center complex, including One World Trade Center.

Where does Larry Silverstein live?

He resides in New York City.

Is Larry Silverstein still active in real estate?

Yes, he remains involved in major real estate projects and investments.