Albert Reichmann


Albert Reichmann is a Canadian businessman. He is one of the five brothers that controlled the Reichmann business empire.

Life

The Reichmann Family is Listed on Canada’s Top 100 richest.
Albert joined his brothers Paul and Ralph Reichmann 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.
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 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. He was born in 1958, and managed O & Y Properties Incorporation
He is an investor in ImageSat, who sued the company.
As a Haredi Jew, Reichmann donates significantly to many Jewish organizations both in and out of Toronto where he lives.
He owns a house in Miami Beach.