Rank #544
Daryl Katz
Net worth $7.1B
Pharmacies · Canada
- Born
- Sep 01, 1961
- Age
- 64
- Source
- Pharmacies
- Residence
- Edmonton
- Citizenship
- Canada
- Marital status
- Married
- Children
- 2
- Education
- Bachelor of Arts/Science, University of Alberta; Doctor of Jurisprudence, University of Alberta
Net worth over time
Biography
- Daryl Katz amassed a fortune in the pharmacy business, buying the Canadian rights to U.S. franchise Medicine Shoppe in 1991.
- A few years later he snatched up struggling Canadian drugstore chain Rexall, then expanded to the U.S. market.
- Katz, the son of a drug store owner, has since sold off all of his pharmacy operations, pivoting his Katz Group to real estate and entertainment.
- He has been co-developing a $2 billion, 25-acre complex in Edmonton's downtown that will include offices, condos and retail, among others.
- Katz also owns his native city's NHL team, the Edmonton Oilers.
- Katz started off his career as a lawyer, then ran a chain of frozen yogurt stands after buying the Alberta franchise rights to Yogen Früz with other investors.
- Katz is the majority owner of conservative news website LifeZette, founded by Fox News host Laura Ingraham.
Financial assets
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