Someone made billions shorting Israel stocks days before Hamas attack
(www.haaretz.com)
Waterloo. Rothschilds Again?!
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How did he profit it from it?
He purchased the towers for $3.2Bn six months before 9/11. Then successfully had the insurance for those buildings upgraded to include terrorist attacks using planes etc. Then he makes an insurance claim (fraud) netting $4.5Bn.
Larry Silverstein committed insurance fraud The September 11 Financial Heist: “Follow The 9/11 Money Trail” Silverstein Makes a Huge Profit off of the 9/11 Attacks Meet 'Lucky' Larry Silverstein Silverstein explains his 'fortunate' story on where he was on 9/11
OK. Let's Examine this. Did he "net" $4.5 billion.
In April 2001, he leased the property and the buildings were 97% rented. He had four buildings and retails space
https://www.panynj.gov/port-authority/en/press-room/press-release-archives/2001_press_releases/port_authority_toleaseworldtradecentertosilversteinpropertiesinc.html
So he has successful income generating buildings.
Then 9/11 happens and suddenly he is not generating income. This is going to affect his profit. He won't have income generating buildings until 2013
He also needs to build a new building. This will affect his profit.
One World Trade aka the Freedom Tower opened in Nov 2014. It cost 3.9 billion dollars.
4 World Trade opens in Nov 2013. It cost 1.67 billion dollars
https://web.archive.org/web/20150919170754/http://www.wsj.com/articles/SB10001424052970203920204577191371172049652
In 2007 he got the final $2 billion of a total of $4.55 billion https://www.businessinsurance.com/article/20070527/story/100022003/silverstein,-insurers-settle-wtc-claims
#Accounting
So did he actually profit at all? Did he net even a single dollar?
Let's do some accounting.* We need to consider the credits and debits
#Debits $3.2 billion from the original billion lease. He didn't "buy" the towers. He leased them. So these means after 9/11 he was paying about $100+ million in rent for a giant hold in the ground.
$? billion 12/13 years of loss of income if 9/11 never happened. If rent is over 100 million a year, and the building in profitable than income would be something like 110 million a year, so this would be like 1.2 billion dollars
$?? million legal fees. 6 year battle with insurance companies would probably be multiple tens of millions of dollars
$350 million leasing fees. Just building the buildings in not enough, you need to lure tenants. They spent a ton of money to do this, helping tenants build out their office and in the case of Conde Nast, the anchor tenant of the Freedom Tower, they bought out the last 5 years of the existing lease. this number is part of the 3.9 building below, so we can ignore it
Building 1 $3.9 billion Building 4 $1.7 billion.
#Credits
$4.5 billion
So has he made a profit? Where? How? It seems like he gained a bunch more expenses.
. . . *I'm sure this is super simplified.
So just as a comparison, he invested his billions in the stock market in April 2001, he would 5 times his money now.
He would have a 400% profit.
Seems like a whole lot let trouble too.
We can simplify this.
let's say somebody makes you this offer.
You buy a car for $32,000 and 6 months later you set it on fire for the chance of.
6 years later, an insurance company would give you $45,000. And you could start paying that money for a new car, but you wouldn't get your new car to use for ANOTHER 6 years. So don't have your $32 grand or it takes you 12 years to get another car, but you have $1,000 profit a year less years of legal fees.
Would you do it? I wouldn't.
Interestingly you make no mention of questioning the fact that he changed the insurance policy to reflect 'any' terrorist attack, which coincidently happened 6 months later, or thereabouts, and happened 'not' to be within one of the two towers that he always had a breakfast/morning meetings in, but not that morning of 9/11. Funny that his crystal ball was working very well, or that he was one of the conspirators of 9/11!
Larry Silverstein, Lewis Eisenberg made billions from destruction of Twin Towers