Daryl Katz Net Worth

Daryl Katz has an estimated net worth of $7.1 billion, according to Forbes Real-Time Billionaires, Daryl Katz profile (figures as of October 20, 2026). That is up from $3.1 billion in 2019.

Daryl Katz is a Canadian businessman and the founder and chairman of the Katz Group of Companies. He first worked as a lawyer and also ran frozen yogurt shops after buying Alberta franchise rights to Yogen Früz with other investors. Over time, he built businesses in pharmacies, sports and entertainment, and real estate development. The Katz Group owns the Edmonton Oilers and led the development of Rogers Place and the Ice District in Edmonton.

His fortune started in pharmacies. In 1991, he bought the Canadian rights to Medicine Shoppe, and in 1996 he acquired Rexall in Canada. He later expanded into the U.S. market and added Pharma Plus. In 2012, he sold Drug Trading Co. and Medicine Shoppe Canada to McKesson for $1.2 billion, and in 2016 Katz Group sold about 460 outlets to McKesson for C$3 billion. After that, the group focused on real estate and entertainment.

How Daryl Katz makes money

Katz built his wealth by buying and growing pharmacy businesses. After starting out in law, he made an early move in retail health care by securing the Canadian rights to Medicine Shoppe in 1991 for $300,000. He opened the first store in 1992 and created the Katz Group as the holding company. He then expanded with bigger deals, including Rexall in 1996 and the 143-store Pharma Plus chain in 1997 for $100 million.

He also pushed into the U.S. with Snyders Drug Store in 1999 and Drug Emporium in 2001, though not every move worked. Later, he sold off his pharmacy operations and shifted the Katz Group toward real estate and entertainment. That includes owning the Edmonton Oilers and helping lead Rogers Place and the Ice District. Forbes also notes that he is co-developing a $2 billion, 25-acre downtown Edmonton complex with offices, condos, and retail.

What Forbes says about his fortune

Forbes has shown a long rise in Katz's wealth. On the World's Billionaires List, Forbes estimated him at $3.1 billion in 2019, $3.2 billion in 2020, and $3.6 billion in 2021. The estimate moved up to $4.5 billion in 2022, then dipped to $4.3 billion in 2023. Forbes places him in the diversified industry, while his wealth started in pharmacies and later shifted toward real estate and entertainment.

The Forbes estimate kept climbing after that. Forbes put Katz at $5 billion in 2024, $5.8 billion in 2025, and $7.2 billion in 2026 on the annual billionaires list. Forbes' real-time tracker listed him at $7.1 billion in October 2026, which is also the current figure. His business mix helps explain that broader profile: he sold the pharmacy assets, while the Katz Group stayed active in sports, entertainment, and large Edmonton development projects.