# Albert Reichmann

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{{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](/source/Vienna), [Austria](/source/Austria)
| death_date       = {{death date and age|2022|12|17|1929|1|18|df=y}}
| death_place      = [Toronto](/source/Toronto), Ontario, Canada
| known_for        = Founder of [Olympia & York](/source/Olympia_%26_York)
| occupation       = Businessman
| relatives        = [Reichmann family](/source/Reichmann_family)<br>
* [Edward Reichmann](/source/Edward_Reichmann) (brother)
* [Paul Reichmann](/source/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](/source/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](/source/Reichmann_family). 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](/source/Vienna), Austria to Orthodox Jewish parents. He was one of six siblings. The family escaped [Nazi](/source/Nazism) occupied Austria and [Paris](/source/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](/source/Paul_Reichmann) and Ralph Reichmann, who had set up business in [Toronto](/source/Toronto). Paul was the president of their company, [Olympia and York](/source/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](/source/philanthropic) work. In the late 1980s while Paul was devoting his time to the [Canary Wharf](/source/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](/source/History_of_the_Jews_in_Russia_and_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](/source/Philip_Reichmann), was born in 1958. He managed O & Y Properties Incorporation before it was sold to [Brookfield](/source/Brookfield_Properties) 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](/source/Toronto%2C_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'']

{{Authority control}}

{{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

{{Canada-business-bio-stub}}

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Adapted from the Wikipedia article [Albert Reichmann](https://en.wikipedia.org/wiki/Albert_Reichmann) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Albert_Reichmann?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.