Larry Silverstein's 9/11 Insurance Controversy

It gets stranger.

This is, this man is named Larry Silverstein,

and he is both the

dumbest

and the luckiest businessman in the world.

He's the stupidest businessman in the world because

six weeks before 9/11, he buys the lease to

the World Trade Center.

Okay? Why is that stupid? Because

the World Trade Center has asbestos and

like a dangerous chemical, so they had to

clean or remove the asbestos. The problem is the

cost of remov- re- removing all that asbestos would have been more than

the

value of the Twin Towers.

That's kind of stupid, okay? Why would you lease the Twin Towers

knowing that you

have, you have to put all this money into re-

renovation, which would bankrupt you?

Also, what's stupid is

to have the lease, you're required to have

insurance.

Okay?

And so the insurance company says, "We value the World Trade Center at one

point

five billion dollars," okay?

And Larry Silverstein says, "No, it's not one point five billion dollars.

They are worth

three point five billion dollars." So he is asking to pay

more insurance than he needed to. That's kind of

stupid.

But again, he's the luckiest man in the world because

9/11

happened, and guess what?

He can now claim that two towers

were struck, and therefore, he should get twice as much as three point

five five

million. He should get seven billion.

And he sued. They went to court, and he got four point five five billion.

Okay? He's also lucky because he's, he's a workaholic. He never misses work.

But that day, because of a dermatology appointment,

he had to miss work.

He wasn't there when 9/11 happened.

The luckiest man in the world.