Career
He is one of the five brothers that controlled the Reichmann business empire. 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, Incorporated.
2002. 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 New York After the collapse on O&Y in 1992 Albert Reichmann became president of Heathmount Arts and Entertainment Corporation, a company owning a number of entertainment venues. 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.
He is an investor in ImageSat, who sued the company. He lives in Miami Beach.
