Beled
Beled is a town in Győr-Moson-Sopron county, Hungary with a population of around 2.5k people.Reference 1 Beled is the ancestral home of the Jewish-Canadian Reichmann family, who are best known for their Olympia and York Olympia & York (also spelled as Olympia and York, abbreviated as O&Y) was a major international property development firm based in Toronto, Canada. The firm built major financial office complexes including Canary Wharf in London, the World Finan ... property empire References External links * in Hungarian Street map External links Official data for Beled Populated places in Győr-Moson-Sopron County {{Gyor-geo-stub ...
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Reichmann Family
The Reichmann/Reichman family is a Jewish-Canadian family best known for their property empire built through the Olympia and York company which relied on a carefully constructed image and secrecy to obtain billions in loans on property already leveraged to untenable debt loads, loans made by banks on assumptions which ultimately turned out to be wholly unjustified when the Reichmans family company was ultimately shown the be a house of cards and forced into bankruptcy owing more than twice what their family was supposedly worth. 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. The family's fortunes were found to be wildly overstated relying on bank loans and secrecy until finally they were forced to declare bankruptcy, parti ...
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