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

A look at new arena hurdles facing Calgary, Ottawa, Arizona

In sheer size the Ottawa project, when completed, will be more than twice as large as the project Daryl Katz created with city help in Edmonton. But of course, urban planning can be tedious and bureaucratic. Talks between the NCC and Melnyk's group will ...
Posted: November 29, 2016, 9:07 am

Wayne Gretzky, back with the NHL, returns to L.A. as an Oilers executive

He was comfortable with owner Darryl Katz, Oilers Chief Executive Bob Nicholson and his old teammate, Kevin Lowe, now a vice chairman of the team. “Darryl and Bob Nicholson and Kevin Lowe for the last few years have consistently chatted to me and talked ...
Posted: November 18, 2016, 6:26 pm

HOK-Designed Rogers Place Arena in Edmonton Shatters Attendance Records

“Daryl Katz believed from the beginning that Rogers Place had to be a great piece of architecture for it to catalyze urban revitalization in downtown Edmonton,” said Bob Black, OEG’s chief project development officer. “HOK designed a stunningly ...
Posted: November 30, 2016, 9:12 am
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