Albert Reichmann Explained
Albert Reichmann (Hebrew: אלברט רייכמן; January 18, 1929 – December 17, 2022)[1] [2] was a Canadian businessman. He was one of five brothers who controlled the Reichmann business empire. Together with his wife Egosah they had four children, Philip, David, Bernice and Libby.[3] The Reichmann family is listed as one of Canada's 100 richest families.[4]
Early life
Albert Reichmann was born in Vienna, Austria to Orthodox Jewish parents. He was one of six siblings. The family escaped Nazi occupied Austria and Paris.[5]
Career
Reichmann joined his younger brothers Paul and Ralph Reichmann, who had set up business in Toronto. Paul was the president of their company, Olympia and York, in 1989 worth 8.4 billion dollars.[6] [7] [8] Albert served in a secondary role as chairman of the company, but was most known for his philanthropic work. In the late 1980s while Paul was devoting his time to the Canary Wharf project,[9] [10] Albert became closely involved in the cause of the Jews in the Soviet Union. He used his money and influence in an effort to enable their emigration to Israel. In 1993, it was reported that he lobbied congress about Libya and Israel.[11] His endowment is based in Brooklyn, New York.[12]
His son, Philip Reichmann, was born in 1958. He managed O & Y Properties Incorporation before it was sold to Brookfield in 2005.[13] [14]
Reichmann was also an investor in ImageSat, who sued the company.[15]
Death
Albert Reichman died in Toronto, Ontario, Canada on December 17, 2022, at the age of 93.[16]
External links
Notes and References
- Web site: Albert Reichmann and his brothers built Toronto-based Olympia & York into a global commercial juggernaut. Monte Stewart. The Globe and Mail. 2022-12-30.
- https://matzav.com/r-yissochor-dov-albert-reichmann-zl/ R’ Yissochor Dov (Albert) Reichmann z”l
- Web site: Albert Reichmann, Canadian 'mastermind' behind Olympia & York real estate empire, dead at 93 . 2022-12-28 . nationalpost . en-CA.
- Web site: Canada's Richest People: The Complete Top 100 Ranking. 2020-08-03. www.canadianbusiness.com. 2019-10-23. https://web.archive.org/web/20191023092427/https://www.canadianbusiness.com/lists-and-rankings/richest-people/100-richest-canadians-complete-list/. dead.
- News: Millward. David. 2019-09-15. Reichmann brothers, who built Canary Wharf for Margaret Thatcher, embroiled in 'baffling' family court battle. en-GB. The Telegraph. 2020-08-04. 0307-1235.
- News: The Billionaires RANKED BY NET WORTH . CNN . Julianne . Slovak . 1989-09-11.
- Web site: History of Olympia & York Developments Ltd. – FundingUniverse.
- Book: Business Builders in Real Estate. registration. 124. Albert Reichmann.. The Oliver Press, Inc.. 2002. 978-1-881508-79-3 .
- Web site: 1980s. Building.
- Web site: Ralph and Albert Reichmann: An unfortunate end to a remarkable story of immigrants. live. 2020-08-04. The Washington Times. en-US. https://web.archive.org/web/20190903064629/https://www.washingtontimes.com/news/2019/sep/2/unfortunate-end-remarkable-story-immigrants/ . 2019-09-03 .
- Book: New York Media, LLC. Libya's Odd New Friends. New York Magazine. 23 August 1993. New York Media, LLC. 16–. 0028-7369.
- Web site: Albert Reichmann Global Endowment Fund Inc - 501C3 Nonprofit - New York, NY - 113531185.
- https://www.thecanadianencyclopedia.ca/en/article/reichmanns-rebound "Reichmanns Rebound"
- News: Company News; Reichmann Family Members Buy Olympia Leasing Unit . The New York Times . 1993-07-27 . 2010-04-23.
- Web site: Spy Satellite Lands Israel in U.S. Court. DAVID POMERANTZ.
- Web site: Albert Reichmann's obituary.
