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Daryl Katz

Daryl Katz

D. Katz
0.02% | + $0.89M
$5.98 B ₹ 54,387 Cr
Real Time Net Worth #697 Ranking as of 21 Feb 2026 By Forbes

More on Daryl Katz

Gender

Male

Age

64Y

Country

Canada

Born On

May, 1961

Deceased

No

Relationship Status

Married

Children

2

Education

University Of Alberta - Juris Doctor

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Pharmacies)

Primary Organization

Katz Group Of Companies

Titles

Founder & Chairman

Sources of Wealth

Rexall Pharmacies, Edmonton Oilers

Industry

Sports, Real Estate, Pharmaceuticals

About Daryl Katz


D aryl Katz is a Canadian billionaire who made his fortune in the pharmacy business and is best known as the owner of the National Hockey League's Edmonton Oilers. A lawyer by training, Katz began his entrepreneurial career by acquiring the Canadian rights to the U.S.-based Medicine Shoppe pharmacy franchise. He then founded the Katz Group of Companies and grew it into a massive pharmacy empire by acquiring major Canadian drugstore chains like Rexall.

In 2012, he sold the company's pharmacy business for a reported C$3 billion, which provided him with a massive infusion of capital. He has since focused on his other interests, primarily the Oilers and real estate development. As the owner of the Oilers, he was the driving force behind the development of the Rogers Place arena and the surrounding Ice District in downtown Edmonton, one of the largest mixed-use sports and entertainment districts in North America. He is known for being extremely private and rarely gives interviews.

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Quick Reads


  • Owner of the NHL's Edmonton Oilers hockey team.
  • Made his fortune by building and selling the Rexall pharmacy chain.
  • He is the driving force behind the development of the Ice District in Edmonton.
  • Sold his pharmacy business in 2012 for a reported C$3 billion.
  • Known for being intensely private and media-shy.

Early Life and Background


Daryl Katz is a Canadian billionaire businessman, the founder and Chairman of the Katz Group of Companies, a massive conglomerate spanning pharmaceuticals, sports, and real estate. His background is rooted in law and retail: he graduated from the University of Alberta with a Bachelor of Arts degree and a Law degree (LLB).

His entrepreneurial journey began in the pharmacy sector. Recognizing the fragmented market and the immense revenue potential of drug retail, he founded The Katz Group in 1991. This initial focus on acquiring and consolidating independent pharmacies became the foundation of his massive fortune, providing the capital for his later diversification into sports and urban development.

Career Journey of Daryl Katz


Daryl Katz's career is defined by three successful stages of asset accumulation. Phase 1: Pharmacy Domination. He built one of North America's largest pharmacy chains by aggressively acquiring and consolidating independent drugstores (including Pharma Plus and Snyder Drug Stores). This profitable venture was later monetized through major divestments.

Phase 2: Sports Ownership. In 2008, Katz purchased the Edmonton Oilers (NHL). This acquisition was the catalyst for his most significant real estate venture: the massive Ice District project in downtown Edmonton, a multi-billion dollar mixed-use sports and entertainment complex that includes Rogers Place arena. The Ice District project, led by the Katz Group, transformed the urban landscape of Edmonton. His wealth is tied to the long-term success of his sports franchise and this massive urban revitalization project.

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Daryl Katz's Timeline


1991:

Founds the Katz Group of Companies, focusing on pharmacy acquisition (Founding).

2008:

Purchases the Edmonton Oilers (NHL) (Sports Acquisition).

2010s:

Initiates and leads the multi-billion dollar Ice District urban revitalization project (Real Estate Milestone).

Ongoing:

Continues as Founder and Chairman of The Katz Group, guiding the development of the sports and real estate empire (Executive Leadership).

Major Business Ventures and Investments


Daryl Katz's wealth is rooted in his founding of the private holding company, The Katz Group of Companies, and its diversified assets.

  • The Katz Group of Companies (Founder & Chairman): The core private asset, a conglomerate specializing in pharmaceutical retail, real estate development, and sports & entertainment.
  • Edmonton Oilers (Owner): The NHL franchise he purchased in 2008, which anchors the Ice District development.
  • Ice District (Developer): The multi-billion dollar urban revitalization project in downtown Edmonton, Canada, centered around the Rogers Place arena.
  • Pharmaceutical Retail: The family's founding wealth was generated by acquiring and operating one of North America's largest pharmacy chains.

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Philanthropy and Social Impact


Daryl Katz is a dedicated philanthropist, focusing heavily on healthcare, medical research, and urban revitalization. His donations include a major commitment to cancer research through the Daryl Katz Centre for Oncology and Cancer Research.

His structural social impact is massive: the Ice District project is considered one of Canada's most significant urban renewal efforts, transforming downtown Edmonton and creating thousands of jobs. His ownership of the Oilers provides a major civic and cultural asset to the community.

Fashion, Style, and Lifestyle


Daryl Katz maintains the polished, professional style of a successful Canadian sports mogul and executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic is one of stability and confident authority, befitting a multi-billionaire who is reshaping a city's skyline.

Residing in Edmonton, Alberta, his luxury is the immense security and autonomy derived from his fortune, which he leverages to pursue high-impact urban development and sports ownership, particularly his passion for the Edmonton Oilers.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the owner of the Edmonton Oilers (NHL).
  • He is the developer behind the multi-billion dollar Ice District urban revitalization project in Edmonton.
  • His fortune was founded on acquiring and consolidating independent pharmacy chains in Canada.
  • He holds a Law degree (LLB) from the University of Alberta.
  • The Ice District includes the Rogers Place arena.
  • He has made major philanthropic contributions to oncology and cancer research.
  • The sale of his pharmacy chain assets provided the capital for his sports and real estate investments.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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