[1] Richter was born to a Jewish family in Ecséd, Hungary, but due to the death of his parents, from 1873 he grew up in Gyöngyös.

In 1901 he bought the pharmacy named as the Eagle at the corner on the Üllői Road and Márton Street in Budapest, producing organo-therapeutic drugs.

By the start of World War II, his pharmaceutical network had representatives on five continents, with 10 subsidiaries and in 34 states with commission repositories.

After being caught, Richter was murdered by the Hungarian "nyilas" national socialists (Arrow Cross Party) in December 1944, along with others shot, and thrown into the Danube.

Richter made the first organo-therapeutic composition for raising blood pressure, an adrenal hormone extract (adrenaline), and the Kalmopyrin and the Tonogen suprarenale which are all still used in medicine.