Albert Reichmann
Encyclopedia
Albert Reichmann was one of the five brothers that controlled the Reichmann business empire
.
and Ralph in Toronto
. While the eldest of the three, it was Paul who had the keenest business sense and was the president of Olympia and York
, in 1989 worth 8.4 billion dollars.
Albert served in a secondary role as chairman of the company.
While playing an important role in the workings of the firm Albert was most known for his philanthropic work.
In the late 1980s while Paul was devoting his time to the Canary Wharf
project, Albert became closely involved in the cause of the Jews in the Soviet Union
.
Reichmann used his money and influence to try to allow them to emigrate to Israel.
In 1993, it was reported that he lobbied congress about Libya and Israel.
His endowment is based in Brooklyn, New York.
After the collapse on O&Y in 1992 Albert Reichmann became president of Heathmount Arts and Entertainment Corp, a company owning a number of entertainment venues. He ran the company alongside his nephew Abraham Reichmann. The true dream of the company was the construction of a giant amusement park, known as the Technodome, inside Montreal
. This project has stalled, however.
His son is Philip Reichmann, (born 1958) who manages O & Y Properties Inc.
He is an investor in ImageSat, who sued the company.
He lives in Miami Beach.
Reichmann family
The Reichmann family is a family best known for controlling the Olympia and York business empire.The Reichmann's were originally from the small shtetl of Beled, Hungary but the ambitious Samuel Reichmann moved them to Vienna in 1928 where he became a successful merchant. He and his wife Renée had...
.
Life
Albert joined his brothers PaulPaul Reichmann
Paul Reichmann is a Canadian businessman best known for his leadership of the Olympia & York a real estate development company.-Formative years:Reichmann was born in Vienna in 1930 to Samuel Reichmann, a wealthy egg merchant and his wife René...
and Ralph in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
. While the eldest of the three, it was Paul who had the keenest business sense and was the president of Olympia and York
Olympia and York
Olympia & York was once a major international property development firm based in Canada. The firm built major financial office complexes like Canary Wharf in London, the World Financial Center in New York City and First Canadian Place in Toronto...
, in 1989 worth 8.4 billion dollars.
Albert served in a secondary role as chairman of the company.
While playing an important role in the workings of the firm Albert was most known for his philanthropic work.
In the late 1980s while Paul was devoting his time to the Canary Wharf
Canary Wharf
Canary Wharf is a major business district located in London, United Kingdom. It is one of London's two main financial centres, alongside the traditional City of London, and contains many of the UK's tallest buildings, including the second-tallest , One Canada Square...
project, Albert became closely involved in the cause of the Jews in the Soviet Union
History of the Jews in Russia and the Soviet Union
The vast territories of the Russian Empire at one time hosted the largest populations of Jews in the diaspora. Within these territories the Jewish community flourished and developed many of modern Judaism's most distinctive theological and cultural traditions, while also facing periods of...
.
Reichmann used his money and influence to try to allow them to emigrate to Israel.
In 1993, it was reported that he lobbied congress about Libya and Israel.
His endowment is based in Brooklyn, New York.
After the collapse on O&Y in 1992 Albert Reichmann became president of Heathmount Arts and Entertainment Corp, a company owning a number of entertainment venues. He ran the company alongside his nephew Abraham Reichmann. The true dream of the company was the construction of a giant amusement park, known as the Technodome, inside Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
. This project has stalled, however.
His son is Philip Reichmann, (born 1958) who manages O & Y Properties Inc.
He is an investor in ImageSat, who sued the company.
He lives in Miami Beach.