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Daryl Katz rises amongst Canada's wealthiest, climbing the money ladder

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Finnegan Frost
November 9, 2024  (7:27 PM)
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Edmonton Oilers owner Daryl Katz continues to climb the money ladder, being ranked one of the richest Canadians in the country.

According to Oilers Daily, MacLean's magazine recently published a list of the country's richest people. Oilers owner Daryl Katz was ranked the 29th richest Canadian, with an estimated worth of $5.84 billion.

Katz made his fortune building Rexall, a Canadian drug store chain, but sold his stake in the company in 2016. Katz bought the Oilers back in 2008 for a price of $200M, and the team's worth has skyrocketed to $2.4B, an increase of over 50% from last year. Safe to say, it was a good investment from Katz.

Daryl Katz has earned the respect of many Oilers enthusiasts over the years, making sound investments and putting his money where his mouth is.

Although he may be somewhat controversial, he's also earned the respect of his players as well.

When Leon Draisaitl signed his monstrous 8 year $14 million contract extension over the summer, a big reason why that deal came to fruition came down to how the organization treats their superstars, which all comes down to ownership.

During an interview, Leon Draisaitl spoke about the overall impact Daryl Katz's ownership style had on him.

On Bob Stauffer's show, Draisaitl added «we are so fortunate with Daryl and the entire Katz family and how we're treated», and «the things that we are able to get as an organization simply because how much Daryl and his family cares about us is in my opinion, uh, the best in the league. That plays a big part in this.»

I think it's safe to say the Oilers are extremely lucky to have an owner like Daryl Katz, and Oilers Insider tips their proverbial cap to him.

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Are you a fan of Daryl Katz?

Yes6761.5 %
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