The 62-year-old Canadian tycoon has owned the Edmonton Oilers since 2008 and has been a key figure in the city.
Daryl Katzan entrepreneur born in Edmonton, has managed to build a considerable fortune thanks to his first steps in the pharmaceutical sector. Over time, has expanded his empire through real estate developments and sports. Today, his name is synonymous with power in the world of business and entertainment.
This note explores his impressive career, his most notable assets, and the team he leads with great success.
Who is Daryl Katz
Daryl Katz, born in Edmonton, Canadabegan his business career in the world of pharmaceuticals. In 1991, he acquired the rights to the franchise Medicine Shoppe in the country, an initial step that positioned it in the pharmacy sector. A few years later, it took over the Canadian pharmacy chain Rexallexpanding its influence in the field of health. After years of expansion, He sold his empire to an American company for $3 billion.allowing him to refocus his focus on new opportunities.
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As he moved away from the industry, Katz He dedicated himself to real estate development. He was the promoter of large-scale projects such as the ICE Districta 25-acre complex in the center of his hometown that includes offices, residences, retail and a public plaza. This project has been key in the urban transformation local, with the creation of a vibrant space that has attracted big brands and given a new look to downtown Edmonton.
In addition to his business side, the Canadian is known for his participation in the world of sports. In 2008, bought the Edmonton Oilers ice hockey team for $200 million. Since then, it has invested large sums in improving facilities and equipment, consolidating its presence in the sporting arena. This acquisition not only allowed him to enter this space, but was also an important step in his strategy to connect his business interests with his passion.
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How much is Daryl Katz’s fortune today?
At the end of 2024, his net worth is estimated to be around 5.6 billion dollarswhich positions it between Canada’s richest individuals. Katz has been able to diversify his wealth, from pharmacies to large investments in infrastructure and entertainment.
In 2008, his acquisition of the Oilers was just the beginning of his foray into sports, a sector that he has managed to dominate with growth strategies. The ICE District, one of its most ambitious projects, has revitalized the city, adding shops, offices, and public spaces that complement its vision of the urban future. Currently, his group of companies, Katz Group, is a key player in the areas of real estate, entertainment and capital.
Source: Ambito
