Name Albert Reichmann | Siblings Paul Reichmann | |
Nephews Henry Reichmann, Barry Reichmann Nieces Rachel Reichmann, Libby Reichmann, Vivian Reichmann | ||
Albert Reichmann (Hebrew: אלברט רייכמן; born 1929) is a Canadian businessman. He is one of the five brothers that controlled the Reichmann business empire.
Life
The Reichmann Family is Listed on Canadas Top 100 richest.
Albert joined his brothers Paul and Ralph in Toronto. While Albert was 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. Business Builders in Real Estate. The Oliver Press, Inc. 2002. ISBN 978-1-881508-79-3. 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.
Today he is a huge supporter of the Russian Schools he has built (approx; 29 of them) and many schools in Toronto.
He plays an investor/advisory role for his families businesses.
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 managed O & Y Properties Incorporation (before the sale to Brookfield in 2005)
He is an investor in ImageSat, who sued the company.
He owns a house in Miami Beach.