Katz's $85M Estate Paid $85 Million for a Malibu Estate Plus $21 Million for Its Art and Furnishings
Edmonton Oilers owner Daryl Katz paid $85 million for the Malibu estate.
By the Rich vs Reality desk February 2018 10 sources

Could have paid a year of rent for
4,764
homeless veterans.
Edmonton Oilers owner Daryl Katz paid $85 million for the Malibu estate. The Real Deal reported he paid another $21 million for artwork and furnishings, bringing reported spending associated with the deal to $106 million.
Reported by Los Angeles Times, March 2018 and The Real Deal, May 2018.
$85 million could pay a full year of rent for 4,764 homeless veterans.
$85 million could have changed these lives
Instead, it went on this.
4,764
years of rent for a homeless veteran
At the U.S. median rent of $1,487 a month (Census, 2024), about $17,844 a year. Source
776,256
hungry kids fed three meals a day for a whole year
No Kid Hungry: $1 can help provide 10 meals for kids. Three meals a day for 365 days is 1,095 meals, about $110 per child per year. Source
15,455
lives saved from malaria, most of them children under five
GiveWell estimates its top charities save a life for $3,000 to $5,500. We use the higher figure: $5,500, the cost through Against Malaria Foundation bed nets. Source
Or: 2.1 million people given clean drinking water; 2,382 families escaping domestic violence given a safe home for two years. Every rate and source.
Daryl Katz
$85 million
For everyone else, that's
Could have paid a year of rent for 4,764 homeless veterans.
Drag the seam between the two worlds.
Measured against a typical American household: $87,460 a year, $192,900 net worth.
The receipts
- Los Angeles Times, March 2018
- The Real Deal, May 2018
- Net worth: No published estimate
- U.S. Census Bureau, Income in the United States: 2025 (Sept 2026)
- Federal Reserve, Survey of Consumer Finances 2022
- No Kid Hungry, What your dollars can do
- GiveWell, How much does it cost to save a life?
- charity: water, How much clean water will my donation provide
- U.S. DOJ Office on Violence Against Women, Transitional housing
- U.S. Census Bureau median gross rent, via USAFacts
See something wrong? Send a source to hello@richvsreality.com and we will correct it.
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