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Grizzly Bulls’ Billionaires Index

⬅ # 650 Dorothy Chao Jenkins|# 652 Qi Shi ➡

# 651 Daryl Katz 

$5.04B

Real Time Net Worth
as of 6/28/2024
$1.8M (0.04%)

# 651 Daryl Katz 

$5.04B

Real Time Net Worth
as of 6/28/2024
$1.8M (0.04%)
OccupationFounder and Chair, Katz Group
Source of WealthPharmacies
Age62
ResidenceEdmonton, Canada
Marital StatusMarried
Children2
EducationBS, University of Alberta; JD, University of Alberta
Age-Adjusted Net Worth$4.40B
Daryl Katz
Daryl Katz
Canada
Net worth: $5.04B

Self-Made Score 

Wealth History

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Biography

Overview

Daryl Allan Katz, born on May 31, 1961, in Edmonton, Alberta, is a Canadian billionaire businessman and philanthropist.
He founded the Katz Group of Companies, initially focusing on pharmacy business and later expanding into real estate and entertainment.
Katz is most renowned for his ownership of the Edmonton Oilers NHL team and his significant real estate developments, notably the Ice District in Edmonton.

Early Life

Daryl Katz was born in 1961 in Edmonton, Alberta, to a father who was a pharmacist and founder of Value Drug Mart.
He attended the Edmonton Talmud Torah and graduated from Jasper Place High School before pursuing degrees at the University of Alberta, earning an arts degree in 1982 and a law degree in 1985.

Pharmacy Business

In 1991, Katz partnered with his father to acquire the Canadian rights to the Medicine Shoppe franchise, later expanding to Rexall and other chains.
He ventured into the U.S. market, acquiring struggling drugstore chains like Snyders and Drug Emporium, though not without some failures.
Katz sold his pharmacy operations to McKesson Corporation in 2012 and 2016 for a total of over $4 billion.

Purchase of Edmonton Oilers and Creation of Oilers Entertainment Group (OEG)

After failed bids, Katz successfully acquired the Edmonton Oilers NHL franchise in 2008 for $200 million.
He established the Oilers Entertainment Group (OEG) to manage the team and other entertainment assets, including Rogers Place arena.
Under OEG, Katz expanded into film production with Silver Pictures Entertainment, though the partnership dissolved in 2019.

Rogers Place and Edmonton Ice District

Katz aimed to revitalize downtown Edmonton by building Rogers Place arena, which opened in 2016 as a modern sports and entertainment venue.
The arena is part of the larger Edmonton Arena District (now Ice District), a $2.5 billion mixed-use development covering 25 acres.
The Ice District features office towers, a hotel, a casino, residential units, and retail spaces, contributing to the city's urban renewal.

Philanthropy

Katz has made significant philanthropic contributions, including a $7 million donation to the University of Alberta and a $20 million donation to Mount Sinai Hospital in Toronto.
He has supported healthcare institutions like the Stollery Children's Hospital and various charitable events across Canada.
Between 2005 and 2010, Katz and his wife donated over $50 million to organizations and institutions.

Personal Life

Daryl Katz is married to Renee Gouin, daughter of the founder of North American Construction Group.
The couple has twin children, Chloe and Harrison, who are involved in charitable work through the nonprofit Hockey Helps Kids organization.

Health Issues

In 2019, Katz battled a life-threatening antibiotic-resistant bacterial sinus infection, undergoing multiple surgeries with a positive prognosis.
Reports indicate he carried an IV bag around-the-clock during the Edmonton Oilers' playoff run in 2017.
Katz's health struggles highlight his resilience amid personal challenges.

Allegations of Sexual Misconduct

Katz faced allegations of sexual misconduct in 2017 and 2022, including accusations of offering money for sexual favors.
While some allegations were withdrawn, they underscore controversies surrounding Katz's personal life.
The allegations have not significantly impacted Katz's business ventures or public image.

How long would it take you to become as rich as Daryl Katz?

If you started with $10,000 and invested an additional $500 each month at a 44.13% CAGR, it would take you 5 years to reach Daryl Katz's net worth of $5.04B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 48.35% compared to 16.28% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Daryl Katz is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Daryl Katz, Pharmacies is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey