Daryl Katz is the owner of Edmonton Oilers, who had amassed billions through his global pharmacy business. He founded Katz Group in 1990, which employs around 8600 people in its 1800 stores across Canada. He purchased NHL’s Oilers in the year 2008, and is currently revamping the downtown area of Edmonton through the construction of Edmonton Arena District. This district is going to include a 62 stories office tower, condos, hotels, theatre complex and an up to date arena for its team. He started his career by taking over distressed pharmacies, and today, his brand oversees around 450 Rexall pharmacies in western and central Canada.
Born in Edmonton, Daryl’s father used to be a pharmacist himself, who founded Value Drug Mart in the 1970s. After completing his schooling, Daryl started working at a law firm, Shoctor, Starkman and Mousseau. Then, he started his own private practice, focusing on franchise and corporate law. In 1991, he paid $300,000 for Canadian rights to the Medicine Shoppe drugstore franchise, which had more than 1000 stores all across United States.