The well-known developer and philanthropist from Toronto, Albert Reichmann, has passed away. He was 93.
Although the family was among the wealthiest in Canada and is best known for its real estate development empire, which included Toronto’s First Canadian Place and Canary Wharf in London, England, according to Albert’s family, philanthropy and his Orthodox Jewish faith were essential aspects of his life.
Robert Reichmann, Albert’s grandson, remarked that faith was the foundation of everyone in the family, including Paul (his brother) and Albert.
Even though Albert and his brothers Paul and Ralph founded Olympia & York, which became one of the biggest real estate development companies in the world, Robert lauded his grandfather for his humanitarian work with Jews in the USSR.
Robert remarked, “At a time when being even Jewish was forbidden, he was focused on the former Soviet Union and aiding Soviet Jewry. The foundation of all he did was his Jewish identity.
When travelling inside the Iron Curtain, Albert expressed “relatively little fear.” Robert said that the man appeared motivated by a conviction to do whatever he could to aid others.
Because he was “very, very proud of his orthodoxy,” he constantly displayed his yarmulke publicly.
Robert added, “He wanted people to know that a renowned Jew like himself could be a Jew and that they should be proud of being Jews themselves as well.
How did Albert Reichmann die?
2On December 17, 2022, 93-year-old Albert Reichmann, a prominent developer and philanthropist from Toronto, passed away.
Albert Reichmann cause of death
The cause of Albert Reichmann’s passing has not yet been revealed. No information is provided regarding Albert Reichmann’s cause of death.
Who was Albert Reichmann?
The businessman from Canada named Albert Reichmann.
He was one of the five in charge brothers of the Reichmann business empire. The Reichmann family is among the top 100 wealthiest families in Canada.
Albert Reichmann was born in Vienna, Austria, to Orthodox Jewish parents.
The family was successful in leaving Austria and Paris during Nazi rule.
Career Of Albert Reichmann
When Reichmann relocated to Toronto, two of his younger brothers, Paul and Ralph, already had enterprises. Paul was the president of Olympia and York in 1989, an 8.4 billion dollar company.
Despite serving as the company’s chairman, Albert Reichmann had a more supportive position and is most known for his charitable work. Albert became actively involved in the campaign for Jews in the Soviet Union in the late 1980s, while Paul concentrated on the Canary Wharf project.
With his means and influence, Albert Reichmann attempted to aid their immigration to Israel. In 1993, Albert Reichmann reportedly lobbied congress on behalf of Israel and Libya. His endowment is in Brooklyn, New York.
Philip Reichmann, the son of Albert Reichmann, was born in 1958. He managed O & Y Properties Incorporation until Brookfield purchased it in 2005. Albert Reichmann sued ImageSat in addition to investing in the company.
Tributes to Albert Reichmann
Numerous people offered their deepest condolences to his family and how much they loved him.
“Another real estate giant from Canada has passed away. A hero of mine. The “largest property development enterprise in Western history” was founded by Albert Reichmann and his brother. The Rothschilds of Canadian real estate were referred to as them. Goodbye, Albert Reichmann.
Losing a loved one is among the most challenging experiences anybody can have. Any journey must have a final destination. Sadly, the person’s time on earth has now come to an end with their death. The death of Albert Reichmann has devastated the neighbourhood.
We express our love, prayers, and wishes for eternal peace to his family, friends, and loved ones. Peace be upon him.
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