# Edward Reichmann

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{{Short description|Israeli businessman (1925–2005)}}
{{more citations needed|date=February 2009}}

{{Infobox person
| name             = Edward Reichmann
| native_name      = אדוארד רייכמן
| native_name_lang = he
| birth_date       = 1925
| death_date       = {{Death date and age|2005|07|01|1925|df=yes}}
| occupation       = Businessman
| known_for        = Eldest of the Reichmann brothers, property development
}}
'''Edward Reichmann''' ({{langx|he|אדוארד רייכמן}}; 1925 – July 2005) was an Israeli businessman. He was the oldest of the five Reichmann brothers, famed for their global business empire.<ref>{{Cite web|url=https://www.theglobeandmail.com/report-on-business/legendary-canadian-real-estate-developer-paul-reichmann-dies/article15084013/|title=Paul Reichmann: A real estate 'genius' who became a global player|access-date=2016-09-21}}</ref>

He was born to Samuel Reichmann, a wealthy [Vienna](/source/Vienna) merchant of [Hungarian](/source/Hungary) origin from [Beled](/source/Beled). The family was lucky to escape Austria before the [Nazi](/source/Nazism) invasion leaving the country on the morning of the [Anschluss](/source/Anschluss) to tend to Edward's grandfather David who had suffered a stroke. From Hungary the family made its way to [Paris](/source/Paris) and then the neutral city of [Tangier](/source/Tangier) where Samuel established a successful business in currency trading.

Reichmann was the first of the Reichmanns to emigrate to [Canada](/source/Canada). He liked Canada, being attracted by [Montreal](/source/Montreal)'s large Jewish community and favourable economic prospects. In Montreal, he joined with his brother [Louis](/source/Louis_Reichmann) to found Olympia Flooring and Tile, a company that imported tiles from overseas. The business was a success. When Edward's three younger brothers [Paul](/source/Paul_Reichmann), [Albert](/source/Albert_Reichmann), and [Ralph](/source/Ralph_Reichmann) moved to Canada, he convinced them to settle in [Toronto](/source/Toronto) and open a branch of the tile company there.

In Toronto, Edward's three brothers quickly moved into building and property development. Edward, seeing their success, also moved into this industry. He put much energy into building connections with the city's political elite, including becoming a close associate of mayor [Jean Drapeau](/source/Jean_Drapeau).

Despite a number of major projects, Edward Reichmann's construction ventures did not prosper. Nearing bankruptcy, the company only survived through a massive bailout by his Toronto-based brothers. Edward felt embarrassed at having to be rescued by his younger brothers and left Canada for [Israel](/source/Israel). There, he again turned to property development, rising to become Israel's fifteenth richest man. These ventures were largely unaffected by the collapse of his brothers' [Olympia and York](/source/Olympia_and_York) company.

==References==
{{reflist}}

{{DEFAULTSORT:Reichmann, Edward}}
Edward
Category:1925 births
Category:2005 deaths
Category:Austrian emigrants to Canada
Category:Jewish emigrants from Austria after the Anschluss
Category:Emigrants from Austria after the Anschluss
Category:Canadian chief executives
Category:Canadian businesspeople in construction
Category:Canadian emigrants to Israel
Category:Canadian businesspeople in the real estate industry
Category:20th-century Israeli businesspeople
Category:Israeli Jews
Category:Israeli people of Austrian-Jewish descent
Category:Israeli people of Hungarian-Jewish descent
Category:20th-century Canadian businesspeople

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Adapted from the Wikipedia article [Edward Reichmann](https://en.wikipedia.org/wiki/Edward_Reichmann) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Edward_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.