Albert Reichmann Cause of Death, Net Worth, Wife, Biography, Children, Brother, Family
Canadian Real estate pioneer Albert Reichmann has passed away.
How Did Albert Reichmann Die?
The well-known Toronto developer and philanthropist Albert Reichmann has passed away on December 17, 2022, at the age of 93.
Mr. Reichmann’s passing occurred on the 10th anniversary of the death of Sen. Daniel Inouye—who along with Sen. Bob Dole & Zev Wolfson helped pressure an unenthusiastic President Bush to sign off on 🇺🇸 support for Reichmann’s vital programs following the fall of the Iron Curtain. pic.twitter.com/deGe1MjczU
Albert Reichmann cause of death was not disclosed yet. There are no information available about Albert Reichmann cause of death.
The Jewish world, especially the Russian speaking community, mourns the passing of the father of the Jewish Renaissance in Russia, Mr Albert Reichmann. He was the person who was instrumental in installing me as the Chief Rabbi of Moscow in 1990. תנצב״ה https://t.co/zLh0eemZuB
We will update about the Albert Reichmann cause of death once we get the information from the right source.
Who was Albert Reichmann?
Albert Reichmann was a Canadian businessman.
He was one of the Reichmann corporate empire’s five controlling brothers. One of the top 100 wealthiest families in Canada is the Reichmann family.
In Vienna, Austria, to Orthodox Jewish parents, Albert Reichmann was born.
The family managed to flee Nazi-occupied Paris and Austria.
Albert Reichmann Career
Paul and Ralph Reichmann, two of his younger brothers, had established businesses in Toronto when Reichmann moved there. Their 8.4 billion dollar corporation, Olympia and York, had Paul as its president in 1989.
Although he was the company’s chairman, Albert Reichmann played a supporting role and is most recognized for his philanthropic endeavors. While Paul was focusing on the Canary Wharf project in the late 1980s, Albert became actively involved in the struggle for Jews in the Soviet Union.
Albert Reichmann tried to help them immigrate to Israel using his resources and power. Albert Reichmann reportedly lobbied congress about Israel and Libya in 1993. In Brooklyn, New York, his endowment is located.
In 1958, Albert Reichmann had a son named Philip Reichmann. Before it was sold to Brookfield in 2005, he oversaw O & Y Properties Incorporation. In addition to investing, Albert Reichmann also filed a lawsuit against ImageSat.
Albert Reichmann Wife, Children
Albert Reichmann’s wife, Egosah, died in April, the National Post said. One of their children, Philip, began his career at Olympia & York and later co-founded ReichmannHauer Capital Partners, a Toronto-based investment firm.
Albert Reichmann Net Worth
Reichmann joined his younger brothers Paul and Ralph Reichmann, who had set up business in Toronto. Paul was the president of their company, Olympia and York, in 1989 worth 8.4 billion dollars. Albert served in a secondary role as chairman of the company, but was most known for his philanthropic work.
At the family’s peak, their combined wealth was estimated at $13 billion, while Unknown to anyone outside the family at the time of this estimation they were actually in debt owing billions more than the family was supposedly worth to banks and creditors, the fourth-richest family on the planet on paper.
