Oilers owner Daryl Katz buys most expensive house ever sold in LA

Oilers’ owner Daryl Katz has an estimated net worth of $2.9 billion. (The Canadian Press/Jason Franson)

The Edmonton Oilers may be struggling right now, but their filthy rich owner certainly isn’t.

Daryl Katz has reportedly just purchased the most expensive home ever (yes, ever) sold in Los Angeles or Malibu — where some of the world’s most affluent entertainment and tech titans reside. The billionaire paid $120 million for the six-acre, 20,000 square-foot Malibu mansion, making it the priciest house ever sold in the area, according to TMZ.

The estate transaction is broken into two increments: $85 million for the house itself and $35 million for all the contents contained in the house, TMZ stated, citing real estate sources. Katz has reportedly been leasing the property and home for a mind-blowing $750,000 per month.

The Edmonton native gained his fortune in the pharmacy industry, primarily as the owner of Rexall in Canada and of Snyders Drug Store and Drug Emporium in the United States. His estimated net worth according to Forbes is $2.9 billion, making him the 12th-wealthiest Canadian.

Good thing the city of Edmonton was able to provide hundreds of millions of dollars to fund the Oilers new arena, eh?