Paul Reichmann was a Canadian businessman and member of the Reichmann family.
16 Facts About Paul Reichmann
1.
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Paul Reichmann's parents were Orthodox Jews from a small town in Hungary, but his father had risen to prominence in Vienna as a successful merchant.
3.
Paul Reichmann fell into property after building a new warehouse for the Toronto tile company.
4.
Paul Reichmann got the warehouse built for $70,000, selling a year later for a $34,000 profit.
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Paul Reichmann expanded to New York City and by the mid-1980s it was the largest developer in the world, and Forbes magazine ranked them the fourth richest family in the world in 1991, worth $12.8bn.
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Paul Reichmann remained very private and unwilling to talk to the press.
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Paul Reichmann retained his strong religious views, and used much of his fortune to support his religion.
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Paul Reichmann ran into severe trouble in the early 1990s.
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Paul Reichmann had been impressed by Margaret Thatcher's reforms and obtained a personal promise from her that she would help the project, most importantly by extending the London Underground to reach it.
10.
The family took offence at allegations that Samuel Paul Reichmann had aided the Nazis with illegal smuggling operations during the Second World War.
11.
In 1992, as Olympia and York collapsed under some $20 billion in debt, Paul Reichmann lost most of his family fortune.
12.
In March 2005, a consortium of investors led by Morgan Stanley under the banner of Songbird Estates purchased Canary Wharf Group, and Paul Reichmann was therefore no longer involved with Canary Wharf on a day-to-day basis.
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In September 2006, Paul Reichmann announced that he was bored with retirement and that he would be setting up a new $4 billion fund, based in Toronto, with offices in Great Britain and the Netherlands.
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Paul Reichmann died at the age of 83 in Toronto on 25 October 2013.
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Paul Reichmann's funeral took place Saturday night, 26 October 2013, at the Bais Yaakov Elementary School, in Toronto.
16.
Paul Reichmann was buried in Jerusalem, in Har Hamenuchot cemetery.