Canadian Billionaire Daryl Katz Pays $34 Million for Art Linkletter Estate

Dirt placeholder

A brand new, spec-built uber-modern mansion on a plum, celeb-pedigreed parcel high above Bel Air recently traded hands in a covert, off-market deal for the notable sum of $34.5 million — and the secretive, super-rich buyer, we first heard from Platinum Triangle real estate mover and shaker Peter Propertyseller, was Canadian pharmacy tycoon Daryl Katz. Though the rakishly maned Canuck tends to keep a fairly low profile for a prominent businessman with a fortune in excess of $3 billion, he was launched into the showbiz spotlight this spring when it was announced he’s gone into partnership with veteran producer Joel Silver to develop, produce and/or finance a full slate of feature films, television fare and digital content.

The 4.6-acre estate, owned for decades by Canadian-born television personality Art Linkletter, was last sold by the late Linkletter’s heirs in May 2012 for $10.6 million, and the buyer, per property records, was a corporate entity controlled, so the scuttlebutt goes, by Canadian businessman and property developer Francesco Aquilini. The residence, a sprawling 1950s modern of faded-but-spectacular mid-century splendor, was soon razed, and the in-demand services of the prolific, contemporary mansion specialists at McClean Design engaged to conjure a gigantic, glass-walled mansion. That manse is now endowed, according to the architect’s website and other online resources, with a glass-doored four-car garage, a free-standing all-glass wine-storage cabinet in the dining room, and a curved infinity-edge swimming pool. The property’s unusually high perch provides toe-curling views that sweep across and down the canyon, over Beverly Hills and, on a clear day, extend well beyond the Downtown skyline.

Katz, the not-entirely beloved owner of the Edmonton Oilers professional hockey team, unsurprisingly maintains a billionaire-style portfolio of private residences that our research suggests include, but may not be limited to: a 25,000-ish square-foot contemporary in his hometown of Edmonton, reported to have indoor and outdoor pools, plus a private ice hockey rink; a 6,000-plus square-foot penthouse in Vancouver; and a nearly 7,000-square-foot compound inside the guarded gates of the prestigious Bighorn golf and resort community in California’s Palm Desert.

Filed Under:

Post A Comment 1

Leave a Reply

1 Comment

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  1. Jamie Johnson says:

    I am an avid hockey fan but also a fan of business entrepreneurs like Daryl Katz. His family pharmacy empire grew tenfold under his direction and management. He paid $200 million for the Edmonton Oilers . in 2008 and he is currently working to refocus his efforts to build Canada’s largest mixed use-sports and entertainment district. He is by far one of the most successful businessmen in North America. I am looking forward to seeing how he helps to take this team to the next level and what is next venture will be. He is really focusing on helping Edmonton become a fantastic tourist destination.

More Dirt News from Variety