Richard's remarkable legacy continues to inspire, even after his passing in May 2024 at the age of 88. His vibrant spirit and exceptional achievements are fondly remembered by all who knew him.

He was a constant sounding board for his daughter, Ruth Parasol, and the entire Parasol International team. Always available to brainstorm on strategy, acquisitions, and day-to-day operations, he shared his rich experience, wealth of information, and network.

Richard was a Holocaust orphan and a self-made, highly successful businessman, not only in real estate but also as a venture investor in several retail and telecommunication businesses. He was a tireless businessman, avid yachtsman, and high-flying pilot who circumvented the globe in his own small jet.

His experience as a real estate developer and property owner spanned decades, primarily in the multi-family arena. Over the past four decades, Richard sponsored, developed, operated, and financed thousands of residential units, many of which remained part of his own private family portfolio.

Richard held a B.Sc. in mechanical engineering from Healds Engineering College and performed post-graduate work at California Polytechnic State University (Cal Poly).