{{Short description|Canadian businessman (1929–2022)}} {{more citations needed|date=August 2020}} {{infobox person | name = Albert Reichmann | native_name = אלברט רייכמן | native_name_lang = he | birth_date = {{birth date|df=y|1929|1|18}} | birth_place = Vienna, Austria | death_date = {{death date and age|2022|12|17|1929|1|18|df=y}} | death_place = Toronto, Ontario, Canada | known_for = Founder of Olympia & York | occupation = Businessman | relatives = Reichmann family<br> * Edward Reichmann (brother) * Paul Reichmann (brother) | spouse = {{marriage|Egosah Feldman|1955|2022|end=died}} }} '''Albert Reichmann''' ({{langx|he|אלברט רייכמן}}; January 18, 1929 – December 17, 2022)<ref>{{cite web|url=https://www.theglobeandmail.com/canada/article-albert-reichmann-and-his-brothers-built-toronto-based-olympia-york/|title=Albert Reichmann and his brothers built Toronto-based Olympia & York into a global commercial juggernaut|author=Monte Stewart|publisher=The Globe and Mail|date=2022-12-30}}</ref><ref>[https://matzav.com/r-yissochor-dov-albert-reichmann-zl/ R’ Yissochor Dov (Albert) Reichmann z”l]</ref> 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.<ref>{{Cite web |title=Albert Reichmann, Canadian 'mastermind' behind Olympia & York real estate empire, dead at 93 |url=https://nationalpost.com/news/canada/albert-reichmann-real-estate-billionaire-dead |access-date=2022-12-28 |website=nationalpost |language=en-CA}}</ref> The Reichmann family is listed as one of Canada's 100 richest families.<ref>{{Cite web|title=Canada's Richest People: The Complete Top 100 Ranking|url=https://www.canadianbusiness.com/lists-and-rankings/richest-people/100-richest-canadians-complete-list/|access-date=2020-08-03|website=www.canadianbusiness.com|archive-date=2019-10-23|archive-url=https://web.archive.org/web/20191023092427/https://www.canadianbusiness.com/lists-and-rankings/richest-people/100-richest-canadians-complete-list/|url-status=dead}}</ref>

==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.<ref>{{Cite news|last=Millward|first=David|date=2019-09-15|title=Reichmann brothers, who built Canary Wharf for Margaret Thatcher, embroiled in 'baffling' family court battle|language=en-GB|work=The Telegraph|url=https://www.telegraph.co.uk/business/2019/09/15/reichmann-brothers-built-canary-wharf-margaret-thatcher-embroiled/|access-date=2020-08-04|issn=0307-1235}}</ref>

==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.<ref>{{cite news| url=https://money.cnn.com/magazines/fortune/fortune_archive/1989/09/11/72457/index.htm | archive-url=https://web.archive.org/web/20110605090225/http://money.cnn.com/magazines/fortune/fortune_archive/1989/09/11/72457/index.htm | url-status=dead | archive-date=June 5, 2011 | work=CNN | title=The Billionaires RANKED BY NET WORTH | first=Julianne | last=Slovak | date=1989-09-11}}</ref><ref>{{cite web|url=https://www.fundinguniverse.com/company-histories/olympia-york-developments-ltd-history|title=History of Olympia & York Developments Ltd. – FundingUniverse|publisher=}}</ref><ref>{{cite book| url=https://archive.org/details/businessbuilders0000aase_j4c3| url-access=registration| page=[https://archive.org/details/businessbuilders0000aase_j4c3/page/124 124]| quote=Albert Reichmann.| title=Business Builders in Real Estate| publisher=The Oliver Press, Inc.| year= 2002| isbn= 978-1-881508-79-3 }}</ref> 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,<ref>{{cite web|url=http://www.building.co.uk/story.asp?storycode=3069500|title=1980s|work=Building}}</ref><ref>{{Cite web|last=|first=|title=Ralph and Albert Reichmann: An unfortunate end to a remarkable story of immigrants|url=https://www.washingtontimes.com/news/2019/sep/2/unfortunate-end-remarkable-story-immigrants/|url-status=live|access-date=2020-08-04|website=The Washington Times|language=en-US|archive-url=https://web.archive.org/web/20190903064629/https://www.washingtontimes.com/news/2019/sep/2/unfortunate-end-remarkable-story-immigrants/ |archive-date=2019-09-03 }}</ref> 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.<ref name="LLC1993">{{cite book|author=New York Media, LLC|title=Libya's Odd New Friends|work=New York Magazine|url=https://books.google.com/books?id=zCYAAAAAMBAJ&pg=PA16|date=23 August 1993|publisher=New York Media, LLC|pages=16–|issn=0028-7369}}</ref> His endowment is based in Brooklyn, New York.<ref>{{cite web|url=http://www.taxexemptworld.com/organization.asp?tn=172487|title=Albert Reichmann Global Endowment Fund Inc - 501C3 Nonprofit - New York, NY - 113531185|publisher=}}</ref>

His son, Philip Reichmann, was born in 1958. He managed O & Y Properties Incorporation before it was sold to Brookfield in 2005.<ref>[https://www.thecanadianencyclopedia.ca/en/article/reichmanns-rebound "Reichmanns Rebound"]. ''Maclean's Magazine'', September 22, 1997, via The Canadian Encyclopedia website</ref><ref>{{cite news| url=https://www.nytimes.com/1993/07/27/business/company-news-reichmann-family-members-buy-olympia-leasing-unit.html?pagewanted=1 | work=The New York Times | title=Company News; Reichmann Family Members Buy Olympia Leasing Unit | date=1993-07-27 | accessdate=2010-04-23}}</ref>

Reichmann was also an investor in ImageSat, who sued the company.<ref>{{cite web|url=http://www.nysun.com/new-york/spy-satellite-lands-israel-in-us-court/58352/|title=Spy Satellite Lands Israel in U.S. Court|author=DAVID POMERANTZ|publisher=}}</ref>

==Death== Albert Reichman died in Toronto, Ontario, Canada on December 17, 2022, at the age of 93.<ref>{{cite web|url=https://steelesmemorialchapel.com/condolence/albert-reichmann/|title=Albert Reichmann's obituary}}</ref>

==References== {{Reflist}}

==External links== *[https://web.archive.org/web/20030325001339/http://www.businessweek.com/pdfs/reichman.pdf "Reichmann Family", ''Business Week'']

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{{DEFAULTSORT:Reichmann, Albert}} Albert Category:1929 births Category:2022 deaths Category:Canadian businesspeople in construction Category:Canadian expatriates in the United States Category:Canadian Orthodox Jews Category:Canadian people of Austrian-Jewish descent Category:Canadian people of Hungarian-Jewish descent Category:Canadian businesspeople in the real estate industry Category:People from Miami Beach, Florida Category:Canadian chairpersons of corporations

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