Darryl Katz Net Worth is$1.5 Billion
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Profession: Lawyer, Businessperson
Date of Birth: 1962
Country: Canada
Daryl Allan Katz is a wealthy Edmonton philanthropist and businessman, with a net worth of $1.5 billion. Daryl Katz has earned his net worth as chairman and chief executive officer of The Katz Group, Canada's leading drug store operators. He also owns the nation's only mail order pharmacy business, Meditrust Pharmacy Inc., and owner of the Edmonton Oilers. Born in Edmonton, Alberta, he also owns homes in the US and British Columbia.
Daryl Allan Katz (born 1962) is a Canadian businessman, philanthropist, and arts patron. With an estimated net worth of $US 2.0 billion (as of March 2011), Katz was ranked by Forbes as the 16th wealthiest Canadian and 595th in the world. The Edmonton-based Katz is chairman and chief executive officer of The Katz Group, Canada's leading drug store operators with over 1,800 stores and owns and operates the nation's only mail order pharmacy business, Meditrust Pharmacy Inc., one of Canada's largest institutional pharmacy operations, as well as the owner of the Edmonton Oilers. Katz is a former lawyer. He currently resides in Edmonton, Alberta.
Daryl Katz' net worth is reported at C$2.43 Billion which makes him the 17th richest person in Canada. Through the Katz Group, he has business interests in retail pharmacies, pharmaceutical distribution, multiple sports teams, event production, and property development. The Katz Group also has naming rights to Rexall Place (Edmonton's NHL Hockey Arena).
Katz reportedly maintains a small circle of highly paid advisers who run Katz Group. Rexall Pharmacy is run from Ontario, while other subsidiaries of Katz group maintain private headquarters separate from Katz Group itself.
Through Rexall Sports - the sports division of the Katz Group - Daryl Katz owns four sports franchises.
In May 2007, Katz made a $145-million bid to buy the Edmonton Oilers franchise, which the owners of the team, the Edmonton Investors Group (EIG), quickly rejected, stating the team was not for sale.
In July 2007, he made another bid for the Oilers of $185-million, which was turned down by the Edmonton Investment Group (EIG) on August 7, 2007. On December 12, 2007, Katz made an offer of $188-million to the EIG. The Board of the EIG announced in January 2008 that it would again recommend to its shareholders to reject this latest bid.
On January 28, 2008, Katz increased his offer to $200 million and extended the acceptance deadline to February

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Darryl Katz Latest News

4 Reasons It’s Time for a Career Move

Also Read: The 3 Best Websites for Interviewing With Your Next Employer In the spring of 2016, Daryl Katz, owner of the Rexall drugstore empire, sold that core business and turned toward exploring the real estate and sports/entertainment sectors.
Posted: January 12, 2017, 8:59 am

With Rexall deal, owner Daryl Katz free to refocus business empire

Three billion dollars will go far in helping former drugstore magnate Daryl Katz’s decade-long push to refocus his business interests around hockey, real estate and Hollywood film production. Famously publicity shy, Mr. Katz gave little in the way of ...
Posted: March 2, 2016, 8:13 pm

Lavish Living: Some of the World’s Most Pricey Homes

From its perch above Bel Air, residents can view beyond downtown LA’s skyline on clear days. The Art Linkletter Estate is owned by Daryl Katz, a Canadian entrepreneur who owns the Edmonton Oilers and several pieces of property throughout Edmonton ...
Posted: January 19, 2017, 1:20 am
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