Key Facts
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Status
Draft
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Overall Confidence
85%
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Career & Education
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About
Larry Silverstein is an American real estate developer and chairman of Silverstein Properties. He is known for his lease of the World Trade Center and co-founded the Israel Export Development Corporation (IEDC) in 1992, where his involvement used to reassure investors.
Key Relationships
Israel Export Development Corporation
co_founder
Silverstein co-founded the IEDC in 1992 with Larry Tisch (CBS owner), Sy Syms (retailer), and Robert Tishman (developer). The IEDC was described as an offshoot of the Institute for Advanced Strategic and Political Studies (IASPS), sharing personnel, legal counsel (David Yerushalmi), and funding sources. The IEDC sought to establish a free-trade zone in the Negev, which Silverstein had proposed in 1989, promising 20,000 jobs. In 1995, Marianne Gingrich (wife of House Speaker Newt Gingrich) was hired as IEDC Vice President at $2,500/month. The IEDC became entangled in a two-year FBI investigation (1995-1997) involving alleged bribery schemes.
Since 1992
Hillary Clinton
major_donor
In 2016: $250,000 to Priorities USA Action (pro-Clinton Super PAC) and $100,000 to Hillary Victory Fund. In 2008: $6,900 to Hillary Clinton for President and Friends of Hillary.
Brooklyn Law School
alumni
Earned JD in 1955. Member of the New York Bar. His wife Klara supported the family as a school teacher while he attended.
Recent Events
Colleague: Larry Silverstein → Marty Burger
Hired in 2009 as EVP. Named co-CEO with Larry Silverstein in 2011. Became sole CEO in 2014. Departed in 2023 when Lisa Silverstein was appointed CEO.
1/1/2009
Colleague: Larry Silverstein → Janno Lieber
Joined Silverstein Properties in 2003 and served as President of World Trade Center Properties LLC until 2017, managing all aspects of the WTC rebuilding. Left to become President of MTA Construction & Development (2017-2021), then was confirmed as MTA Chair and CEO in January 2022.
1/1/2003
Formation of IEDC
Group of U.S. Jewish businessmen formed IEDC
6/1/1992
Parent: Harry G. Silverstein → Larry Silverstein
Russian immigrant who trained as a classical pianist. Struggled during the Great Depression and became a broker of loft spaces in the Garment District. In 1957, he and Larry bought their first building on East 23rd Street, establishing Harry G. Silverstein & Sons. Died in 1966.
1/1/1966
Spouse: Larry Silverstein → Klara Silverstein
Married in 1956. Met at a summer camp during college. Klara worked as a school teacher, supporting the family while Larry attended Brooklyn Law School. Together they have donated to Hunter College ($5M, 2012) and NYU School of Medicine ($5.25M, 2012). They have three children and eight grandchildren.
1/1/1956