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Albert Reichmann

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Albert Reichmann
Born(1929-01-18)18 January 1929
Vienna, Austria
Died17 December 2022(2022-12-17) (aged 93)
Toronto, Ontario, Canada
OccupationBusinessman
Known forFounder of Olympia & York
Spouse
Egosah Feldman
​
​
(m. 1955; died 2022)​
RelativesReichmann family

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

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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

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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

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Albert Reichman died in Toronto, Ontario, Canada on December 17, 2022, at the age of 93.[16]

References

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  1. ^ Monte Stewart (2022-12-30). "Albert Reichmann and his brothers built Toronto-based Olympia & York into a global commercial juggernaut". The Globe and Mail.
  2. ^ R’ Yissochor Dov (Albert) Reichmann z”l
  3. ^ "Albert Reichmann, Canadian 'mastermind' behind Olympia & York real estate empire, dead at 93". nationalpost. Retrieved 2022-12-28.
  4. ^ "Canada's Richest People: The Complete Top 100 Ranking". www.canadianbusiness.com. Archived from the original on 2019-10-23. Retrieved 2020-08-03.
  5. ^ Millward, David (2019-09-15). "Reichmann brothers, who built Canary Wharf for Margaret Thatcher, embroiled in 'baffling' family court battle". The Telegraph. ISSN 0307-1235. Retrieved 2020-08-04.
  6. ^ Slovak, Julianne (1989-09-11). "The Billionaires RANKED BY NET WORTH". CNN.
  7. ^ "History of Olympia & York Developments Ltd. – FundingUniverse".
  8. ^ Business Builders in Real Estate. The Oliver Press, Inc. 2002. p. 124. ISBN 978-1-881508-79-3. Albert Reichmann.
  9. ^ "1980s". Building.
  10. ^ "Ralph and Albert Reichmann: An unfortunate end to a remarkable story of immigrants". The Washington Times. Archived from the original on 2019-09-03. Retrieved 2020-08-04.
  11. ^ New York Media, LLC (23 August 1993). Libya's Odd New Friends. New York Media, LLC. pp. 16–. ISSN 0028-7369. {{cite book}}: |work= ignored (help)
  12. ^ "Albert Reichmann Global Endowment Fund Inc - 501C3 Nonprofit - New York, NY - 113531185".
  13. ^ "Reichmanns Rebound". Maclean's Magazine, September 22, 1997, via The Canadian Encyclopedia website
  14. ^ "Company News; Reichmann Family Members Buy Olympia Leasing Unit". The New York Times. 1993-07-27. Retrieved 2010-04-23.
  15. ^ DAVID POMERANTZ. "Spy Satellite Lands Israel in U.S. Court".
  16. ^ "Albert Reichmann's obituary".
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