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Daryl Katz Net Worth

Daryl Katz Net Worth

Net Worth: $3.5 Billion

Statistics
  • Source of Wealth Business, Company, Medicine, Pharmacy
  • Birth Place Edmonton, Alberta
  • Marital Status Married to Renee Gouin
  • Full Name Daryl Allan Katz
  • Nationality Canadian
  • Date of Birth May 31, 1961
  • Occupation Businessman
  • Education University of Alberta
  • Children two children
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About Daryl Katz

Daryl Katz is a Canadian businessman who has an estimated net worth of $3.5 billion as of April 2016, according to Forbes. He is also #554 in the World Billionaires List, #634 in 2012, and #11 in Canada. Born Daryl Allan Katz on May 31, 1961 in Edmonton, Alberta, he earned his degree in arts in 1982 and law degree in 1985 at the University of Alberta. He worked at the Shoctor, Mousseau and Starkman law firm after school. He then began his own practice with focus on corporate and franchise law. With a partnership with his father, he paid $300,000 for the Canadian rights to the U.S.-based Medicine Shoppe drugstore franchise with more than 1,000 stores in the U.S. They opened the first Medicine Shoppe store in 1992. In the same year, he founded the Katz Group of Companies, the holding company for the group, and the country’s leading drug stores operators

A son of a pharmacist, Katz has bought up several distressed pharmacies during the late 1990’s and has built an empire of 1,800 drugstores in Canada. In 2012, he sold Medicine Shoppe pharmacy and the Drug Trading unit to the McKesson Corporation for an estimated value of $1 billion. It now oversees around 450 Rexall pharmacies in central and western Canada.

Daryl Katz had also made several attempts of bids to buy out the franchise of the Edmonton Oilers, a team in the National Hockey League (NHL). He has also worked to build a new stadium for the team with an estimated cost of $600 million.